LIC's solvency ratio rose to 211 per cent in FY25 from 187 per cent in FY23
Technical chart indicates that LIC share price can potentially appreciate up to ₹1,080 levels; here are the key support and resistance levels to watch out for.
Thus far in the calendar year 2025, the stock price of Max Financial Services, SBI Life and HDFC Life have rallied between 25% and 33%, as against 4% rise in the BSE Sensex.
LIC's top equity holding in terms of value, Reliance Industries (RIL), has been one of the biggest contributors in its portfolio, with the stock's 25 per cent surge adding ₹26,515 crore in value
LIC will see key leadership changes in June with two new MDs replacing outgoing executives and current MD & CEO Siddhartha Mohanty's term ending on 7 June
The insurance repository system, introduced by the regulator, provides policyholders with a facility to keep insurance policies in electronic form and make changes
The downfall in the LIC share price came after the company announced that it has received a communication/demand order for GST, interest and penalty for Maharashtra state worth about Rs 480 crore
The fall in the LIC share price came after the company announced that it has received a communication/demand order for Goods & Service Tax, Interest and penalty for Delhi State worth about Rs 57.28 cr
A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25
State-owned Life Insurance Corporation of India (LIC) on Tuesday launched a single-premium smart pension plan that offers a range of annuity options for Single Life as well as Joint Life type of annuities. The plan was launched by Financial Services Secretary M Nagaraju along with Siddhartha Mohanty, CEO & MD of LIC, in presence of senior officials of the finance ministry and LIC. The Non-Par and Non Linked plan has several liquidity options available for partial/ full withdrawal as per terms of policy, LIC said in a statement. The Minimum Purchase Price is Rs 1,00,000 with incentives for higher purchase price and modes of annuity payments allowable are yearly, half yearly, quarterly or monthly, it said. An option to take immediate annuity by NPS subscriber is a special feature, it said. The options available on survival of the annuitant varies as per the annuity option chosen at the time of inception. The amount payable after death of annuitant will be as per the option chosen b
Employee compensation and welfare expenses dropped 30% on year to Rs 6,691 crore
LIC Mutual Fund on Friday launched its Multi Asset Allocation Fund, an open-ended scheme that invests in equity, debt, and gold to achieve long-term capital appreciation. The New Fund Offer (NFO) opened on January 24 and will conclude on February 7. The scheme will reopen for continuous sale and repurchase on February 18, the company said in a statement. The scheme's benchmark is a combination of 65 per cent Nifty 500 TRI, 25 per cent Nifty Composite Debt Index, and 10 per cent domestic gold prices, it added. "Hybrid mutual funds saw a 27 per cent surge in assets under management in 2024, increasing from Rs 6.90 lakh crore in January to Rs 8.77 lakh crore in December according to data published by Association of Mutual Funds in India (AMFI). "The multi-asset allocation funds saw significant growth in the AUM under hybrid category. Currently, this reflects a clear investor inclination towards hybrid funds and our new fund is ideally suited to cater to their interests," R K Jha, ...
LIC's premium fell 41.15 per cent Y-o-Y to Rs 13,523.87 crore, while private insurers reported 7 per cent Y-o-Y growth in NBP to Rs 16,694.85 crore
First insurer to change commission after revision in surrender value norms
LIC has appointed Boston Consulting Group as a consultant
Munjal Auto Industries is among many companies hit with tax notices within the last week. The company intends to appeal the GST notice
In a separate exchange filing, the life insurer stated that its Bangladesh office will be closed from August 5, 2024, to August 7, 2024
The life insurance giant has partnered with A T Kearney to undertake the transformation project by reviewing the existing agency framework of LIC on an end-to-end basis
Earlier, LIC Chairman Siddhartha Mohanty had spoken about exploring "inorganic" options for the company's foray into the health insurance segment
The government who is the largest shareholder in the company will get a dividend of Rs 3,662 crore