The Appointments Committee of the Cabinet has approved the appointment of LIC's Dinesh Pant and New India Assurance's Girija Subramanian as members of Irdai
Industry premium growth moderated to 5.1 per cent in May as group single premiums normalised and LIC's growth slowed, though private insurers continued to gain market share
State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including the Reserve Bank and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said. An Annuity product converts an accumulated retirement corpus into a guaranteed, lifelong stream of income. When one invests a lump sum, LIC pays a regular pension for life, ensuring the savings aren't outlived. "When the annuity markets are becoming more favoured by the policyholders, and more investments flow into annuities, we need to necessarily have long-term investments matching that kind of long-term liabilities. So we have been in touch with the (insurance) regulator as well as the regulators like SEBI, as well as RBI and the requirements of LIC, particularly are being duly communicated to them," he told PTI in an interview. He further said the sector regulator, Insurance Regulatory and Development ..
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Insurance giant LIC is actively considering establishing a fintech arm either through strategic investment or organic way to cater to its growing digital needs, CEO and MD R Doraiswamy said. "Naturally, to meet the modernisation requirement and particularly to bring innovation, we are engaging both fintech and insurtech players and we are getting a lot of new things being developed by such players," Doraiswamy told PTI in an interview. On the other side, he said, "we are a big financial institution investing in multiple organisations and we also look at strategic investments in any specialised player as a way of improving the returns on the policyholders' funds." Talking about Life Insurance Corporation of India's IT journey, he said, it was one of the early adopters of digital technologies. "We have built our own core competence in developing our business applications by building up a software development centre. We have sizable number of people working in our IT department creati
LIC is looking to improve returns from real estate properties, and the insurer would also explore the option of a separate subsidiary to achieve greater efficiency in managing its vast assets, which are conservatively estimated at over Rs 60,000 crore. "We have substantial real estate, both inherited and purchased over the period of 70 years that we have been operating. It is used both for our own use and as well as investment which earns returns for us. "We look at each piece of real estate as an investment. As part of the asset, we expect each property to contribute towards the returns for the policyholders as well as shareholders," LIC CEO and MD R Doraiswamy told PTI in an interview. In the recent past, he said LIC has initiated a comprehensive review of its real estate portfolio to assess the returns and yields it generates, and to identify opportunities for further optimisation and improvement. This detailed analysis is aimed at enhancing returns for policyholders while also
The government plans to sell a stake of about 2 per cent in the state-run insurer in late June or early July to institutional investors
Under the proposal, shareholders will receive one fully paid-up equity share of face value ₹10 each for every one existing equity share held
State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore wh
LIC share price rose nearly 5% after Q4FY26 results beat estimates. Strong VNB margins and product mix prompted brokerages to raise targets
Stocks to Watch today, May 22, 2026: Nykaa, LIC, ITC, Honasa Consumer, and Maruti Suzuki are some of the key stocks to watch today
Q4FY26 company results: Firms including Max Healthcare, Gail (India), Prestige Estates, Sun TV, Bikaji Foods International, Quick Heal and Icra are also to release their January-March earnings today
Life insurers reported a sharp rise in new business premium in April, driven by strong growth in LIC and private insurers amid continued GST-related momentum
It will be one of two large share sales in India this year, along with an issue by billionaire Mukesh Ambani's Reliance Jio Platforms
DFS Secretary M Nagaraju urged LIC to strengthen digital capabilities and design products for younger customers to drive insurance adoption and engagement
Stocks to watch today: OMCs, LIC, Ujjivan SFB, Just Dial, GAIL, RailTel, ICICI Prudential, Poonawalla Fincorp, and ICICI Prudential Life Insurance Company are among the key stocks in focus today.
State-owned insurance giant Life Insurance Corporation of India (LIC) on Monday approved a 1:1 bonus issue
Shares of Life Insurance Corporation of India (LIC) surged nearly 7 per cent on Wednesday, a day after the state-owned insurance major said it will consider a bonus issue
Insurance stocks fall up to 4% as weak March quarter outlook, geopolitical tensions and regulatory changes weigh on growth, margins and investor sentiment