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LIC

LIC unveils new money-back plan to mark diamond jubilee

LIC unveils new money-back plan to mark diamond jubilee

Insurance behemoth Life Insurance Corporation of India (LIC) on Saturday came out with a closed-ended plan -- Bima Diamond -- on the occasion of its diamond jubilee year.

Advance tax: SBI, ICICI see sharp fall; LIC, RIL pay more

Traditionally big taxpayers like large banks failed to cheer taxmen with their second quarter advance tax payouts, but others including steel and cement companies have done comparatively better, helping the department remain hopeful of meeting the annual target.

 

LIC to fill posts for 2 MDs; yet to name chairman

LIC to fill posts for 2 MDs; yet to name chairman

State-owned life insurer LIC, which is yet to name a chairman after the incumbent SK Roy in June announced surprise retirement two years ahead of his tenure, is looking at selecting two MDs for which eight EDs have been called for interviews.

LIC invites applications for Advisers, Insurance Agents; 608 vacancies, last date to apply - August 30

LIC invites applications for Advisers, Insurance Agents; 608 vacancies, last date to apply - August 30

LIC has invited candidates to apply for the posts of Adviser, Insurance Agent posts on a permanent basis.

LIC Housing Finance Q1 profit rises 6% to Rs 407 crore

LIC Housing Finance Q1 profit rises 6% to Rs 407 crore

LIC Housing Finance has reported a 6.3 percent increase in standalone net profit at Rs 407.84 crore for first quarter ended June.

Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry is all set to issue a draft Cabinet note on listing of public sector insurance companies. This development comes in line with the announcements made in the budget.

LIC chairman S K Roy resigns two years before his term ends

LIC chairman S K Roy resigns two years before his term ends

State-run life insurance behemoth LIC Chairman S K Roy, appointed by previous UPA government, has resigned nearly two years ahead of completion of his five-year term.

 

LIC to hire 2 lakh agents, targets 4 crore new policy issuance

LIC to hire 2 lakh agents, targets 4 crore new policy issuance

Giving itself an ambitious target, insurance behemoth LIC aims to double its business in terms of new policy issuance to four crore in the current fiscal and will hire two lakh new agents to augment its field strength.

LIC's gulf arm tops its overseas chart, chips in 80% income

LIC's gulf arm tops its overseas chart, chips in 80% income

Life Insurance Corporation (LIC) has had a good run in the Gulf countries with its Bahrain-based arm, LIC International, that manages the GCC markets becoming the best among its eight international subsidiaries in terms of new business premium collection in 2015.

NHPC share sale: Institutional buyers put in Rs 3,410 crore bids

State-owned hydropower producer NHPC Ltd's share sale Wednesday garnered 1.58 times subscription, totalling Rs 3,410 crore, with most bids coming in from LIC and mutual funds.

LIC clocks Rs 11,000 crore profit through equity investments in FY16

LIC clocks Rs 11,000 crore profit through equity investments in FY16

Life insurance giant LIC has made a profit of Rs 11,000 crore through its equity investments in the recently concluded 2015-16, a senior official said Thursday.

LIC to auction Unitech's land in Noida to recover Rs 184 cr

Insurance major LIC will next month auction Unitech's 14 lakh sq meter plot of land in Noida if the real estate company does not repay the entire dues of Rs 184 crore before that date.

Syndicate Bank to raise Rs 217 crore by share sale to LIC

Syndicate Bank to raise Rs 217 crore by share sale to LIC

Public sector lender Syndicate Bank will raise over Rs 217 crore by allotting preferential shares to LIC to shore up capital to meet Basel III norms.

Vijaya Bank plans to raise Rs 226 cr from LIC

Vijaya Bank plans to raise Rs 226 cr from LIC

State-owned Vijaya Bank today said it is planning to raise Rs 226 crore from allotment of equity shares to insurance major Life Insurance Corporation of India (LIC) on preferential basis

FM Jaitley proposes listing of PSU general insurance companies

FM Jaitley proposes listing of PSU general insurance companies

Finance Minister Arun Jaitley Monday proposed listing of four wholly-owned PSU general insurance companies.

Rail Budget : LIC To Invest INR 1.5 Lakh Crore in Railways in 5 Years

The Budget has announced that LIC will be investing INR 1.5 Lakh Crore in Railwa eastablishment in coming five years.

LIC invests Rs 1.5 trillion in G-Secs, crosses regulatory limits

LIC invests Rs 1.5 trillion in G-Secs, crosses regulatory limits

The nation's largest insurance company has so far invested over Rs 53,000 crore into equities this fiscal, Roy told reporters after launching LIC's digital initiative wherein a customer can buy, check and claim her policy online.

Now, check your LIC policies, status and even buy new ones online

Now, check your LIC policies, status and even buy new ones online

The Life Insurance Corporation of India (LIC) Monday launched its own insurance repository – LIC E-services -- which will allow its existing customers to check details of policies, including settlement status, online as well as buy new ones.

LIC Housing Finance Q3 profit up 22% at Rs 419 crore

LIC Housing Finance today reported a 21.6 percent rise in net profit at Rs 418.90 crore for the third quarter ended December 31.

Essar Oil delisting gets through as Sebi clears LIC bids

Essar Oil delisting gets through as Sebi clears LIC bids

Essar Oil's delisting on Wednesday got through as the markets regulator Sebi gave its go-ahead to the stock exchange BSE to accept nearly 2 crore shares tendered by the state-run LIC for the promoters' buyout offer.