For LIC, the proposed legislative changes will help the company in strengthening its reach, leveraging technology at scale, and for universal insurance coverage
MOFSL has named Max Financial Services Ltd (MFSL), the parent of Max Life Insurance, as its preferred pick in the sector
LIC has entered a bancassurance partnership with Yes Bank, giving customers wider access to its life insurance plans as both institutions work toward the "Insurance for All by 2047" vision
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LIC's investment in Adani Group cos as of September 30 stood at Rs 48,284.62 crore
Emkay Global Financial Services has retained its 'Add' rating on the insurance behemoth, while Motilal Oswal Financial Services (MOFSL) has maintained its 'Buy' recommendation
Life Insurance Corporation of India (LIC) on Saturday said its investments in Adani group companies have been made independently and in accordance with its board-approved policies, following detailed due diligence. "Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions," LIC said in a statement posted on X. India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Its investment value in India's top 500 companies has grown 10-fold since 2014 -- from Rs 1.56 lakh crore to Rs 15.6 lakh crore -- reflecting strong fund management. "The investment decisions are taken by LIC independently as per Board-approved policies after detailed due diligence," LIC said. "LIC has ensured the highest standards of due diligence and all its investment decisions have been undertaken in compliance with extant policies, provisions in the Acts an
The Congress on Saturday alleged that the savings of Life Insurance Corporation's 30 crore policyholders were systematically misused to benefit the Adani Group and demanded that Parliament's Public Accounts Committee investigate how LIC was forced to make investments in the conglomerate. There was no immediate response from the Adani Group or the government on the Congress' allegations. Congress general secretary in-charge of communications Jairam Ramesh said disturbing revelations have just emerged in the media about how the "Modani joint venture systematically misused the Life Insurance Corporation of India (LIC) and the savings of its 30 crore policyholders". "Internal documents reveal that Indian officials drafted and pushed through a proposal to invest about Rs 33,000 crores of LIC funds in various Adani Group companies in May 2025," he said. The reported goals were to "signal confidence in the Adani Group" and to "encourage participation from other investors", he said in a ..
LIC has launched a campaign from August 18 to October 17 to revive lapsed individual policies, offering up to 30 per cent concession on late fees with caps based on premium size
The 64 per cent market share is on a composite basis, in which group insurance plays a major role, says Dowaiswamy
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LIC's FRA deals with Wall Street banks mark 38% of recent trades, as India's largest insurer adapts to market risk and rising bond demand amid equity losses
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LIC's solvency ratio rose to 211 per cent in FY25 from 187 per cent in FY23
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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