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LIC outshines pvt insurers in 9-month premium collection

Last Updated: Sunday, February 02, 2014, 12:44

Although 23 private sector insurance companies taken together recorded a flat growth, Reliance Life, Max Life and MetLife bucked the trend by recording growth in new business premium.

LIC stake in Axis Bank crosses 10%

Last Updated: Wednesday, January 22, 2014, 16:38

The stake of country's largest life insurer LIC in Axis Bank has crossed 10 percent after it picked up the private lender's shares through open market transactions.

LIC to outdo first premium collection target for FY14: Chairman

Last Updated: Wednesday, November 27, 2013, 20:13

Insurance major LIC on Wednesday said it will exceed the target for first premium collection for this fiscal, indicating better times for the industry than the last year which was dismal for insurers.

LIC outshines pvt sector insurers in H1 premium collection

Last Updated: Sunday, November 17, 2013, 11:54

State-owned Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 percent growth in premium collection during the first half of the current fiscal.

LIC Nomura eyes Rs 200 cr from new capital protection fund

Last Updated: Monday, November 04, 2013, 19:25

"We plan to launch a capital protection oriented fund soon. From this NFO, we aim to raise at least Rs 200 crore," chief executive Nilesh Sathe said.

LIC buys scrips worth Rs 14,500 cr in 15 Sensex cos

Last Updated: Sunday, October 27, 2013, 11:11

State-owned insurance giant LIC has increased its exposure in 15 blue-chip firms during the July-September quarter with purchase of shares estimated to be Rs 14,500 crore at current valuation.

LIC Nomura MF keen on acquisitions to fuel growth

Last Updated: Sunday, October 27, 2013, 10:52

LIC Nomura Mutual Fund, the MF arm of the nation's largest financial entity, may look at inorganic growth route to emerge as a major player in the cluttered industry that has been bleeding for years due to falling margins and flight of investors.

Govt ups LIC's investment cap to 25% under special circumstances

Last Updated: Wednesday, August 14, 2013, 19:45

The Finance Ministry Wednesday said the public sector insurance behemoth LIC can increase its investment in companies up to 25 percent from the current 20 percent under special circumstances.

LIC India sells 2.53% stake in Maruti Suzuki

Last Updated: Tuesday, May 21, 2013, 14:39

LIC sold 62,23,598 equity shares, representing 2.53 percent, of MSI between November 21, 2012, and May 17 this year.

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.

LIC picked up 71% of shares divested by govt in SAIL on Friday

Last Updated: Tuesday, March 26, 2013, 17:35

State-owned insurer LIC came to government's rescue during the share sale of steel major SAIL last week, by acquiring 70.57 percent of the total offer.

LIC Nomura Mutual Fund re-launches ULIS with more features

Last Updated: Tuesday, January 15, 2013, 19:49

LIC Nomura Mutual Fund has re-launched its open ended Unit-Linked Insurance Scheme (ULIS) Tuesday with additional features aiming at Rs 500 crore assets under management (AUM) by the end of FY13, with one lakh new investors.