Page 25 - Life Insurance Corporation

Fighting Covid-19 crisis: LIC customers get more time to pay premium

LIC has said all death claims related to Covid-19 would be treated on a par with other causes of death and payments would be made on an urgent basis

LIC gives 30-days extension for premiums due in March, April amid Covid-19

The insurer assured its policyholders that the death claims arising due to COVID-19 will be treated at par with other causes of death and payments shall be made on an urgent basis.

LIC IPO: Things you need to know about India's biggest public offer

A look at LIC's journey since being set up under the LIC Act of 1956 to understand why it continues to control the bulk of India's insurance market even 20 years after its monopoly ended

LIC in the time of coronavirus: A question mark now on the mega IPO

The listing of LIC is being thought when it is still a pre-dominant player in the sector. This is just like in the case of the State Bank of India in 1993

LIC declares relaxation on premium payments amid coronavirus spread

Policyholders are requested to stay indoors and avoid visiting any office to pay premium. They can, however, use online services of LIC

LIC eyes sale of 25 mn individual policies, Rs 55k cr in premiums for FY20

This is 17 per cent growth in terms of number of individual policies sold compared to the number of policies sold in FY19

How LIC should be valued

The Life Insurance Corporation differs from its listed peers in a number of ways, and these should be factored into its valuation prior to its proposed initial public offering

CBDT asks govt to tell PSUs to opt for 'Vivad se Vishwas' scheme

So far, no PSU has shown interest in the scheme

YES Bank stock crash and financial mess: How the crisis unfolded in 2 years

Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon

Parliament: Why govt has no record on farmer income, who will own LIC

Finance Minister said that listing of LIC will give opportunity for retail investors to participate in the creation of wealth

Why LIC's present governance culture makes it a poor investment bet

IPO plans for the state-owned insurer will reveal weaknesses in its business model

Yet to receive proposal from LIC for IPO, says Irdai Chairman S C Khuntia

Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones

LIC's gross NPA ratio in debt portfolio rises to 7.5% in December

The gross NPA ratio of LIC in the debt portfolio at the end of September 2019 stood at 6.10%

Lock into current term insurance premiums, new rates unlikely before Apr 1

The sale of term plans gathered pace only over the past four-five years

How listing will transform LIC

The proposed listing will render Life Insurance Corporation more transparent and efficient. And certainly, it would enable policyholders to make a significant contribution to the economy

LIC disinvestment: 100,000 employees stage walk-out across country

There are 13 unions in LIC, and employees and officers affiliated to 11 unions were on protest

Govt on a 'sell India' mission, hiding real picture of economy: TMC MP

The government is selling PSUs along with LIC, which are properties of the people and steps are being taken without inviting any suggestions from policy makers and employees unions, the MP said

LIC IPO: Staff union to hold walkout strike in protests against move

The walk-out will take place at all offices of the insurance behemoth across the country

LIC IPO: Interest of policyholders will be protected, says Anurag Thakur

Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market, he said

Top 10 biz headlines: Lower tax rates, LIC listing may take a year and more

From new tax regime proposed in the Budget to falling states' share in central tax pool, here are the top 10 business headlines for the day