LIC

Dinesh Pant has been appointed whole-time director, actuary, at Irdai, reducing the number of serving managing directors at LIC to two

Pant, who was appointed Whole-time Member (Actuary) of Irdai in June 2026, ceased to be LIC's managing director and key managerial personnel from September 24

ICICI Prudential MF and SBI MF together bought over half of LIC's ₹31,552-crore OFS, sharply raising mutual funds' holding in the insurer

The two fund houses bought LIC shares worth Rs 17,145 crore in August, while mutual funds together accounted for an estimated 76.5 per cent of the government's OFS.

Doraiswamy spoke about LIC's plans to maintain its VNB margin at 24-25% and target double-digit growth, its investment strategy and distribution network

OFS fundraising has hit a record high in 2026, led by LIC's mega stake sale, but more than half of issuers have delivered negative returns over the past year

From strategic privatisation to market-based stake sales, here's how the government's disinvestment strategy has changed since economic liberalisation in 1991

The latest LIC stake sale marks another milestone in the government's disinvestment drive. Here's what the data reveals about PSU stake sales, disinvestment receipts and major listings

Life Insurance Corporation of India (LIC) on Thursday posted a 23 per cent increase in net profit to Rs 13,492 crore in the first quarter of the ongoing financial year. The country's biggest insurer had earned a profit of Rs 10,987 crore in the corresponding quarter a year earlier. The total income of the insurer during the reporting quarter improved to Rs 2,37,848 crore from Rs 2,22,864 crore in the same period of the preceding fiscal year, LIC said in a regulatory filing. LIC's income from first-year premium also improved to Rs 9,217 crore in the latest June quarter against Rs 7,525 crore in the same period of the preceding fiscal year. Income from renewal premiums in the reporting period increased to Rs 61,833 crore compared to Rs 59,885 crore a year ago. As regards single premium, the Corporation collected Rs 56,369 crore as compared to Rs 51,923 crore in the first quarter of the previous financial year. Thus, net premium income rose to Rs 1,27,250 crore in the quarter under

Q1FY27 company results: Firms including Britannia Industries, Apollo Tyres, Emcure Pharmaceuticals, Fortis Healthcare, and Lupin are also to release their April-June earnings today

Retail investors bid for only 69% of the shares reserved for them, even as institutional interest prompted the government to increase the offer size

The ₹31,400-crore OFS by LIC is priced at ₹382, marking the first stake sale by the PSU insurer since its listing on bourses in 2022.

Shares tumbled nearly 9% on Tuesday even as bids worth over Rs 36k cr recd; settle at an over two-month low

Institutional investors on Tuesday over-subscribed the government's 6.5 per cent share sale offer in Life Insurance Corporation (LIC) by putting in bids worth Rs 36,400 crore. Four years after the initial public offering (IPO), which had fetched Rs 21,000 crore, the government has launched LIC's offer for sale (OFS) whose size compares with the upcoming mega IPO offerings of the NSE and Reliance Jio Platforms. Through the two-day OFS, the government is selling up to 6.5 per cent stake or over 82.22 crore in the country's largest insurer LIC at a floor price of Rs 382/share. The issue comprises a base offer size of 2.5 per cent, with a green shoe option of 4 per cent. The issue will open for retail investors on Wednesday. Institutional investors put in bids for over 94.45 crore shares, at an indicative price of Rs 383.84/share. The bids are valued at Rs 36,400 crore at the indicative price bid. Shares of LIC slid 7.86 per cent to close at Rs 391 on the BSE. Its market capitalisati

Institutional investors subscribed 66.10 per cent of the shares reserved for them in the LIC Offer-for-Sale (OFS) till noon on Tuesday. The government is offering over 28.46 crore shares in Life Insurance Corporation (LIC) to institutional buyers at a floor price of Rs 382 a piece. Institutional investors put in bids for over 18.81 crore shares, or 66.10 per cent of the shares reserved for them at an indicative price of Rs 382.07/share. Bidding will continue till 3:30 PM. Retail investors would be able to put bids on Wednesday. The government is selling up to 6.5 per cent stake or over 82.22 crore in country's largest insurer LIC at a floor price of Rs 382/share. Shares of LIC slid 7.03 per cent over Monday's close to Rs 394.50 on the BSE in afternoon trade. Its market capitalisation stands at over Rs 4.98 lakh crore. The issue comprises a base offer size of over 31.62 crore or 2.5 per cent of total capital, with a green shoe option of 50.60 crore shares or 4 per cent of the tota

Life and general insurers are expanding AI deployment across underwriting, claims, fraud detection and customer service to improve efficiency, productivity and turnaround times

Life insurers' new business premium rose 13.07 per cent in June, as strong growth by private insurers offset modest gains at LIC and lifted the industry's overall performance

Life Insurance Corp. of India, Hindustan Zinc Ltd., and several state-controlled banks are among eight companies identified by officials for stake sales in the coming months

As part of the stake-sale drive, an OFS in LIC is also likely to be launched "very soon"

Agrawal, who joined LIC in 2022 after stints at Reliance Nippon Life and ICICI Prudential Life, will step down effective July 14