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.

LIC picks up additional 2% stake in Yes Bank

Country's largest insurer LIC has picked up additional 2 percent stake in Yes Bank that would be worth about Rs 698 crore at current market prices.

LIC hikes stake in Tata Power; buys Rs 427 cr worth additional shares

Life Insurance Corp has hiked its stake in Tata Power to more than 12.6 percent by acquiring additional shares worth nearly Rs 427 crore over a period of four years.

LIC hikes stake in Infosys; buys shares worth Rs 1,400 cr

State-owned life insurer LIC has shored up its stake in Infosys to 4.45 percent, purchasing shares that are worth about Rs 1,400 crore in the July- September quarter.

LIC to invest Rs 50,000 cr in equity market this fiscal: Roy

Country's largest insurer Life Insurance Corporation plans to pump in about Rs 50,000 crore in the equity market, taking its total investment including in bonds to Rs 3 lakh crore during the current fiscal.

LIC outshines pvt insurers in 9-month premium collection

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%

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

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

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

"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

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

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

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 eyes 15% growth in first premium income in current fiscal

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

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

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.

LIC buys $2-bn worth shares in Indian cos in Apr-Jun: Report

The country's largest insurer LIC has purchased shares worth over USD 2 billion (about Rs 11,000 crore) in Indian companies - mostly in sectors like utilities, energy and software - during the April-June period, according to a report by BofA-Merrill Lynch.

LIC professional body, acts in interest of policy holders: Govt

Amid concerns being expressed by a Parliamentary panel on purchase of ONGC shares by LIC, a senior government official Thursday said the state-owned insurer is a professional body and acts in the interest of policyholders.