Page 19 - Life Insurance Corporation

LIC IPO: Govt expects to open IPO issue by mid-March: Report

LIC IPO: The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise up to Rs 90,000 cr

Top headlines: Monetary policy, LIC share sale and RIL's drone ambitions

Business Standard brings you the top headlines at this hour

LIC: Govt weighing 5% stake sale via mega IPO, says report

The government plans to offer 316 million shares of the 6.32 billion shares it owns in Life Insurance Corp of India, and no fresh stock will be issued, say sources

LIC has consistently lost market share in retail segment, says brokerage

After the rebound in November '21, LIC's growth in retail in December '21 slowed, and was materially lower than the private sector

IPO-bound LIC's AUM rose Rs 1 trillion from March-September 2021

As of September 2021, 61.67 per cent of LIC's AUM was held in participating policies, 37 per cent in non-participating policyholder investments, 1.15 per cent in unit-linked policies

LIC didn't pay dividend to govt in FY21, says Union Minister Karad

LIC did not pay any dividend to the government in last financial year and used free reserves to increase its paid-up capital, which has now risen to Rs 6,325 crore, government told Rajya Sabha.

New business premium of life insurance firms sees tepid growth

NBP of the overall industry in January reported a marginal 2.65 per cent growth to Rs 21,957.04 crore over the same period a year ago.

IPO-bound LIC ropes in 6 independent directors on its board

With the appointment, the total number of independent directors goes up to 9 and all vacancies are filled.

LIC 3rd largest globally, but offers highest RoE of 82%, says Crisil report

At 64.1 per cent or with a gross written premium of $56.405 bn, LIC's market share is unparalleled globally, with no other life insurer anywhere else enjoying such a high market share

LIC ties up with Policybazaar.com for distribution of its products

This is LIC's first association with an insurance aggregator, and otherwise relies heavily on its large agency force of 1.33 million agents for distributing its products

LIC's embedded value set at over Rs 5 trn: DIPAM Secretary

Investors are eagerly waiting for the government to indicate LIC's embedded value when it releases the IPO draft prospectus, expected in a matter of days

Draft LIC IPO prospectus to be filed by next week, issue in Mar: DIPAM Secy

LIC's listing is crucial for the government to meet the lowered disinvestment revenue estimates of Rs 78,000 cr for the current fiscal

Govt extends term of IPO-bound LIC's chairman & MD by one year

Earlier, his term was extended by nine months in June last year

Getting IPO-ready: LIC boosts shareholders' corpus to Rs 6,600 crore

The move is to ensure a much larger shareholder base ahead of IPO

Centre seeks regulatory fast track for LIC ahead of India's largest IPO

How successful any LIC stock sale will be, however, remains an open question

LIC Housing Finance shares jump nearly 13% as firm sees 6% rise in profit

Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021. The stock jumped 12.63 per cent to Rs 389 on the BSE. On the NSE, it rallied 12.59 per cent to Rs 389. Mortgage lender LIC Housing Finance on Thursday reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal. "The income levels were more or less maintained. Our collections were good during the three months of the quarter. Recovery also picked up across all the regions. "Even the provisions were less in the quarter because of the provisions we had made earlier," the company's Managing Director and CEO Y Viswanatha Gowd said. The lender reported better growth in the quarter due to higher disbursements during the

LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding

LIC and State Bank of India were top investors in AI's debt

LIC's net profit zooms to Rs 1,437 crore in H1FY22 ahead of IPO

The government is expected to mop up around Rs 1 trillion from LIC's IPO

IPO-bound LIC's H1FY22 profit after tax surges to Rs 1,437 crore

Its new business premium growth rate stood at 554.1 per cent in H1FY22

Centre to get cracking on IDBI Bank sale once LIC IPO is launched

With LIC IPO being top priority, other plans take back seat