Page 18 - Lic

Life Insurance Corp launches special campaign to revive lapsed policies

The campaign is launched to benefit those policy holders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed

Stocks to Watch: LIC, ONGC, Max Health, Hero Moto, Zee Entertainment, M&M

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

Q1 results: LIC registers multifold jump in profit at Rs 683 crore

Net NPAs in the policyholders' fund saw a substantial decline to Rs 9 crore as of Q1FY23 versus Rs 194 crore in Q1FY22

Q1 results: LIC's net profit jumps multifold to Rs 682.89 crore

The first-year premium for the reporting quarter came at Rs 7,429 crore as against Rs 5,088 crore in the year-ago period, it said in an exchange filing after its board meeting.

LIC cuts stake in M&M to 6.42% from 8.43%, garners Rs 2,222 crore

Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra & Mahindra for about Rs 2,222.49 crore. The shares were sold through open market transactions during the period from December 21, 2020, to August 8, 2022, according to a regulatory filing. After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said. The average cost of 2,49,73,233 shares sold, it said, was Rs 889.95 crore. Under Sebi norms, listed companies are required to intimate the stock exchanges when their shareholding in an entity changes by 2 per cent or more. On the BSE, shares of LIC rose 0.39 per cent to close at Rs 682.65 apiece while that of Mahindra and Mahindra fell 0.46 per cent to Rs 1,269 apiece.

New business premiums of life insurance companies jump 91% in July

This is thanks to strong premium growth by LIC

LIC breaks into Fortune 500 list, Reliance Industries jumps 51 places

The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list.

LIC listing pushes up govt ownership in NSE companies to 7.15% in Q1

On the other hand, the share of private promoters declined to 44.33 per cent in June from 45.12 per cent in March.

Adani Enterprises, scarcely tracked by brokerages, set to enter Nifty 50

Coverage may improve as more funds start chasing the stock, say market experts

SBI gains 17% in one month, surpasses LIC to become most valued PSU stock

In the past one month, SBI has rallied 17 per cent, as compared to a 5 per cent gain in the stock price of LIC.

LIC adds Rs 1,983 cr in kitty by offloading shares in Siemens, Icra

LIC said its holding in Siemens decreased by over 2 per cent from October 14, 2020, to July 18, 2022, at an average cost of Rs 2,701.19 per piece.

Top headlines: FM Sitharaman at G20, hiring in India's aviation, and more

PSU giant Life Insurance Corporation of India (LIC) has released some key data points. Its embedded value (EV) for 2021-22 has worked out to be Rs 5.41 trillion

Can LIC maintain dominant mkt share, improve growth in profitable segments?

If new business premium and margin continue to improve, there can be a decent upside in the stock

LIC embedded value flat at Rs 5.41 trillion; VNB margin rises to 15.1%

In the past, analysts have said that LIC's balance sheet and, in turn, EV remain very sensitive to equity market movements

CoC members, bidders must be barred from buying RCap bonds held by LIC: NGO

They are "insiders" and have access to crucial information, says Infrastructure Watchdog; meanwhile, last date if bond sale to be extended to July 22 as LIC finds no takers

LIC finds no takers among ARCs for Rs 3,400-crore Reliance Capital bonds

Multiple sources said ARCs did not find the option to buy bonds of the bankrupt firm attractive and decided to give it a miss

Life Insurers to benefit once again from low-base effect in Q1FY23

Analysts are more bullish on stocks of private insurers

LIC gains 2% market share in new business premium in April-June quarter

NBP, however, is below the FY21 and FY20 levels

India's deal street hits all-time high of $130 bn in H1CY22 on mega mergers

The mega USD 60-billion merger of the HDFC twins, USD 10.5-billion Adani-Holcim deal along with USD 2.7-billion LIC share sale in the June quarter pushed the deal market to an all-time high of USD 130.3 billion in the first half of 2022, a report said on Wednesday. Deals worth USD 130.3 billion was more than double than the value recorded in the year-ago period, making it the highest semi-annual period since records began in 1980, according to the data tabulated by Refinitiv, an LSEG business. The April-June quarter of 2022 saw the strongest deal making activity, pushing the total deal value to a record USD 130.3 billion in the first half of the year, which is more than double of the year-ago period and sets an all-time semi-annual record by value and number of announced deals since 1980, the report said. The report attributes the numbers to the significant growth opportunities in the overall market and domestic consolidations bolstering Mergers and Acquisitions (M&As), which was .

LIC says govt nominee Pankaj Jain ceases to be director on board

The new director nominated by the government is Suchindra Mishra, it said.