Page 17 - Life Insurance Corporation

Potential investors in LIC IPO fret over govt's control of insurer: Report

LIC has in recent years been a key buyer of shares in state-owned firms sold off by New Delhi, often bailing out less-than-successful public issues of shares

Top headlines: Putin accelerates Ukraine crisis; India set to unlock data

LIC has not paid any dividends in nearly three years, something that may have helped shore up the insurer's net worth ahead of its IPO. More on that in our top headlines.

IDBI Bank a strategic partner, don't want to exit it fully: LIC chairman

Kumar says investors need not worry about govt control post IPO

LIC 3.0 to be listed, nimble and agile, say M R Kumar & K R Ashok

If there is any capital requirement, we will have to approach not only the government but all shareholders, said Kumar

Profits of insurers, manufacturing firms cannot be compared, says LIC chief

LIC Chairman M R Kumar on Monday said profits of insurance companies cannot be compared with that of manufacturing companies as dynamics of the businesses are different.

LIC largest holder of G-secs, equities, household savings: Report

The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities

Top headlines: NSE in firefighting mode, super app space heats up

Business Standard brings you the top headlines at this hour

IPO-bound LIC's FY21 profit picture not so pretty compared to size

FY21 profit of Rs 4,579 cr would make it 34th most profitable listed firm

LIC's business plan change after IPO a threat to private firms: Report

According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move

Race for IPO quota: LIC policyholders rush to link PAN with policies

Insurer, Centre expect 10 million to have demat accounts linked to LIC policy by February 28

LIC likely to launch $8-bn IPO on March 11: Report

LIC is expected to obtain regulatory approval for the mega IPO by the first week of March after which an indicative marketing price band will be set, say sources

Top headlines: Big tech in data localisation row, banks told to up UPI cap

States start easing Covid-19 curbs as cases decline. More on that in our top headlines.

LIC's looming mega IPO weighs on other insurers' stocks, say investors

The flotation, potentially raising $8 billion, likely will continue to drag on LIC's competitors for about a year and could spread to other sectors: Analysts

BSE Ebix, LIC join hands for distribution of insurance products

'Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence'

Top headlines: LIC virtual road shows underway, Ukraine tensions drag on

Regulator asks commercial banks to make KYC ironclad as frauds rise. More on that story in our top headlines.

Will LIC IPO move the needle on insurer's stewardship role in equities?

The PSU holds equity stake worth over Rs 9.5 trillion in listed firms; how it votes on resolutions will now be more actively tracked

LIC IPO: Govt plans to tap around 180 investors in mega roadshows

As many as nine virtual roadshows being held daily over 20-day period

Govt to initiate investor outreach for IDBI Bank sale from Feb 25

The roadshows for the strategic disinvestment of IDBI Bank will be held virtually as investors are not keen on physical meetings due to pandemic fears.

LIC sees decline in policy issuance due to the Covid-19 pandemic

Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the COVID-19 pandemic.

LIC sits on over Rs 21,500-cr unclaimed funds, shows DRHP

State-owned insurance behemoth LIC had unclaimed funds to the tune of Rs 21,539 crore as of September 2021, according to draft prospectus filed for IPO with market regulator Sebi