Lic Hf

May enter into health insurance, explore inorganic options: LIC chairman

LIC chairman Siddhartha Mohanty has said that the insurer would enter into the health insurance segment and can explore inorganic options if such an opportunity arises. There are expectations that composite licences may be permitted by amending the Insurance Act. As per the Insurance Act, 1938, and the regulations of the Insurance Regulatory Development Authority of India (IRDAI), composite licensing for an insurer to undertake life, general, or health insurance under one entity is not allowed. LIC is not an expert in general insurance like fire and engineering but it can do health insurance, he said while sharing financial numbers for FY24. "Internal work is going on...we will explore inorganic growth in health insurance," he said. In February, a parliamentary panel suggested the introduction of a composite licence for an insurer to undertake life, general, or health insurance under one entity to increase the penetration of insurance in the country. The panel headed by BJP leader

Tata Sons, Bajaj Finance among 16 NFBCs put in RBI's upper layer list

HDFC, although qualified to be in the upper layer, has been kept out of the list as it is merging with HDFC Bank

LIC Housing Finance's PAT surges over 500% to Rs 925 cr in Q1FY23

LIC Housing Finance Ltd's net profit rose sharply by 503 per cent year-on-year to Rs 925.48 crore on back of uptick in net interest income, as against Rs 153.44 crore in the same quarter last year.

LIC Housing Finance increases home loan rate to 6.9% for select borrowers

For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates are applicable from Friday

LIC HF stock sheds 7.3% as Q2 disappoints, but some silver lining too

Stock fell 7.3% on Friday, but some analysts remain bullish on the firm

Stock exchanges examining preferential share issue to parent firm: LIC HFL

Under the issue, LIC Housing Finance will allot 4,54,00,000 shares to Life Insurance Corporation of India (LIC)

LIC Housing Fin Q4 net down 5.33% at Rs 398.9 cr on impairment spike

To raise equity capital through prefential issue to LIC

LIC HFL hiring 2019 for 300 Assistant, Associate, Assistant Manager posts

Visit the official website of LIC Housing Finance to know more

LIC Housing valuation gap with peers to narrow

Despite its consistent show on asset quality and profit, the stock trades at a 15-45 per cent discount to rivals