Page 7 - Life Insurance Corporation Of India Lic
LIC's policy issuance was hit adversely due to Covid pandemic
In H1 of FY22, LIC issued about 19 million individual and group policies (in terms of lives covered), down 38 per cent from the same period in FY19 (pre-pandemic).
 "LIC's policy issuance was hit adversely due to Covid pandemic")
LIC IPO: Insurer gets until Jan 2023 to dispose of 'other investments'
LIC is mandated to transfer those investments to shareholders' fund at amortised cost, 90 days after such investments are reclassified as "other investments", which it is yet to be undertaken.
 "LIC IPO: Insurer gets until Jan 2023 to dispose of 'other investments'")
'LIC IPO expected to hit market by Q4FY22,' says DIPAM Secretary
The government will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp, by January, a top government official said on Wednesday. Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), also invited private players to bid for the CPSEs, which are up for privatisation, along with transfer of management control. After 19 years, we will see 5-6 privatisation this year. BPCL is in the due diligence stage. BEML, Shipping Corp, Pawan Hans, Central Electronics, NINL financial bids can take place in December-January so that we can close it by this year itself, Pandey said. Speaking at the CII Global Economic Policy Summit 2021, the secretary said the initial public offering of Life Insurance Corporation (LIC) is expected in the January-March quarter of this fiscal. On LIC IPO, we are working very hard. For the capital market, it will be a very big event in the first quarter of 2022, Pandey ...
 "'LIC IPO expected to hit market by Q4FY22,' says DIPAM Secretary")
Fear reinvestment risk? Go for immediate annuities instead, say experts
Only they can secure against the possibility of lower interest rates over long term
 "Fear reinvestment risk? Go for immediate annuities instead, say experts")
LIC offers opportunity for policyholders to revive lapsed policies
Policies, which are in a lapsed condition during the premium paying term and not completed policy term, are eligible to be revived in this campaign
Top headlines: IT firms fight to keep talent, Tata firms shine under chief
Budget wish list: Citizens seek jobs, support for small biz and lower tax. More in today's top headlines
 "Top headlines: IT firms fight to keep talent, Tata firms shine under chief")
Top headlines: Govt to allow FDI in LIC, auto firms stare at muted Q3
Nifty50 firms' combined net profit seen rising 25% in third quarter. More in today's top headlines
IRFC looking to diversify revenue streams, says CMD Amitabh Banerjee
IRFC is set to expand its wings with its plans of diversification and in line with the govt mandate, it can finance non-railway projects that have got a backward and/or a forward linkage with Railways
 "IRFC looking to diversify revenue streams, says CMD Amitabh Banerjee")
Govt refutes speculation over LIC IPO's delay, says it is 'on course'
The government on Sunday refuted media speculation around the IPO of LIC and said that it is unlikely to come up with the IPO of LIC in the current financial year ending March 2022
Global investors hold preliminary discussions on LIC's anchor book: Report
The book managers of LIC are reaching out to as many as 100 global investors, including global fund managers, pension fund managers, and private equity funds
 "Global investors hold preliminary discussions on LIC's anchor book: Report")
LIC seeks to appoint CFO before its mega IPO planned in 2021/22
The move to hire a CFO follows a decision to re-designate LIC's top job to chief executive officer from chairman earlier this year.
DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO
The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation on the bourses in the January-March quarter of 2022
LIC HFL extends lowest home loan offer of 6.66% for loans up to Rs 2 cr
Mortgage financier LIC Housing Finance (LIC HFL) on Thursday extended its lowest home loan rate of 6.66 per cent for home loans up to Rs 2 crore.
 "LIC HFL extends lowest home loan offer of 6.66% for loans up to Rs 2 cr")
Govt invites bids for second time from law firms for LIC IPO
On July 15, the government had floated request for proposal inviting bids from reputed legal advisors and the last date for bidding was August 6. However, the RFP did not receive sufficient response.
Top headlines: Bumper-to-bumper insurance, ITR filing dates to be extended
Business Standard brings the top headlines of the day
India considers allowing foreign direct investment in LIC: Report
Any strategic investment would be subject to a cap, though it's unclear at what level that would be set, according to a person familiar with the matter
16 merchant banks in fray for lead managers to LIC IPO, govt may choose 10
The entities will have to make a presentation to DIPAM on August 24-25
 "16 merchant banks in fray for lead managers to LIC IPO, govt may choose 10")
LIC, EPFO keen to set up fund for startups, says DPIIT official
LIC and EPFO have expressed their willingness to set up funds for startups to help budding entrepreneurs, a senior official said on Monday
 "LIC, EPFO keen to set up fund for startups, says DPIIT official")
PSU insurers employees go on strike to protest proposed privatisation
Employees of public sector general insurance (PSGI) companies are observing nationwide one-day strike on Wednesday to protest against intended privatisation of state-owned insurers.
 "PSU insurers employees go on strike to protest proposed privatisation")
Gradual tweaks to LIC surplus payouts likely; Finmin exploring a glide path
Finmin exploring a glide path; considering the interests of both policyholders and future shareholders