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LIC to invest about Rs 2.5 lakh cr in markets in FY'14

Last Updated: Sunday, July 07, 2013, 15:30

Unfazed by volatile stock markets, insurance behemoth Life Insurance Corporation (LIC) proposes to invest nearly Rs 2.5 lakh crore in both equity and bonds this year.

Chidambaram asks LIC to start camp in Uttarakhand to settle claims

Last Updated: Wednesday, June 26, 2013, 00:17

Finance Minister P Chidambaram on Tuesday asked state-run Life Insurance Corporation to constitute a special team and set up a big camp office in Dehradun.

Govt appoints S K Roy as LIC Chairman

Last Updated: Monday, June 17, 2013, 21:03

The government Monday appointed S K Roy as the Chairman of Life Insurance Corporation of India.

S K Roy new LIC chief

Last Updated: Friday, June 14, 2013, 21:15

Roy, who is presently a Managing Director in the organisation, would be succeeding D K Mehrotra, whose term as LIC chief ended on May 31.

S K Roy takes charge as LIC MD

Last Updated: Friday, May 31, 2013, 20:21

S K Roy Friday assumed charge of Managing Director of Life Insurance Corporation of India.

FinMin to soon notify 30% investment cap for LIC: Takru

Last Updated: Sunday, May 26, 2013, 14:20

Justifying the decision to treble LIC's investment limit, Takru said the Corporation was sitting on trillions of rupees which have to be invested.

LIC sells 2.13% stake in Dr Reddy's Lab

Last Updated: Monday, May 13, 2013, 18:53

Life Insurance Corporation (LIC) sold 2.13 percent stake in Dr Reddy's Laboratories from January 10 to May 10 through open market, according to a BSE filing by DRL.

LIC eyes 15% growth in first premium income in current fiscal

Last Updated: Friday, May 10, 2013, 18:13

Country's largest insurer LIC is expecting a 15 percent growth in first premium income during the ongoing fiscal after recording a de-growth in 2012-13.

SBI, LIC involved in money laundering: Cobrapost

Last Updated: Monday, May 06, 2013, 12:57

As many as 23 public and private sector banks and insurance companies were Monday accused of "running a nation-wide money laundering racket, blatantly violating laws of the land" by online portal Cobrapost.

LIC sells shares worth Rs 8,800 cr in 17 Sensex cos

Last Updated: Wednesday, April 24, 2013, 18:09

Individually, LIC reduced its stake in Reliance Industries, Infosys, ONGC, State Bank of India, HDFC Bank, ICICI, Tata Steel, Tata Motors, among others during three months ended March 31, 2013.

Three in fray for LIC chief post; interview likely on Apr 23

Last Updated: Sunday, April 21, 2013, 11:22

A five-member panel led by Department of Personnel & Training Secretary P K Misra will choose the successor to D K Mehrotra, whose term as chairman of the state-run insurer ends on May 31.

UAE NRIs fuel record $75 mn sale of LIC scheme in 30 days

Last Updated: Monday, April 15, 2013, 19:06

First Gulf Bank has said it achieved record sales worth USD 75 million premium of LIC's product Jeevan Aastha 3 in less than 30 days since the product was released to the market.