Page 8 - Life Insurance Corporation Of India Lic

LIC's NPAs in debt portfolio reduce, persistency ratio improves in FY21

In FY21, gross NPAs of LIC reduced by 39 basis points (bps) to 7.78 per cent from 8.17 per cent a year ago.

Coming soon: LIC kicks off work on IPO allotment to policyholders

The government is moving fast with the IPO, which is said to be India's largest.

IPO-bound LIC to have CEO, managing director as Centre scraps chairman post

Govt amends another rule to appoint a full-time actuary for state-owned insurance behemoth

Top headlines: Steel leads in capacity expansion, GCCs bet on Indian talent

Business Standard brings you the top headlines on Monday

Govt dials investors ahead of LIC's IPO; embedded value expected by August

Preliminary presentation made on insurer's prospects

Value of FPI, LIC and retail holdings hits record highs in Q4, shows data

This came amid buoyancy in the secondary market

Over 100,000 LIC employees to get 16% wage hike

The government has given a go-ahead to a five-day working week for LIC employees

As 6 pvt insurers set to increase term plan premiums, LIC won't raise rates

While several big players had raised rates last year, following the outbreak of the Co­vid-19 pandemic, LIC did not do so and it has no plans to do it now, sources in the company said

Life insurers' new business premium up 21% in February at Rs 22,425 crore

Private insurers saw their NBP grow by 16% during the month to Rs 9,504.64 crore, compared with Rs 8,128.51 crore in February 2020

Up to 10% of LIC IPO issue to be reserved for policyholders: MoS Finance

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders, Minister of State for Finance Anurag Thakur said

LIC IPO post Oct; BPCL, Air India stake sale by Sept: Divestment official

The initial public offering (IPO) of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday

Siddhartha Mohanty assumes office as MD of Life Insurance Corporation

Siddhartha Mohanty, managing director and chief executive officer of LIC Housing Finance, on Monday took charge as one of the four managing directors of the parent LIC of India.

Govt appoints Siddhartha Mohanty as managing director of LIC from Feb 1

He is currently the MD & CEO of LIC Housing Finance

Double-digit surge in insurance sector by FY21-end: LIC MD Raj Kumar

Growth of the industry had fallen by 19 per cent in April

Govt considers selling 25% stake in LIC to plug widening budget gap: Report

The government plans to amend the act of parliament under which the state-run LIC was set up to prepare for the sale, the people said, asking not to be identified as the discussions were private

Do your research well before buying a life insurance plan for the long run

Customers must also avoid the temptation to cash out of their policies mid-tenure, once they have gathered considerable fund value.

Covid-19 impact: Life insurers lose 4 mn policies, Rs 45,000 cr in premiums

Traditionally, the second fortnight of March is the most productive period for the life insurance business as around 15-18 per cent of the entire business comes during this period

Despite market volatility, LIC made Rs 13k cr profit in equity till Aug: MD

The insurer has collected about Rs 87,300 crore of renewable premium till August this year, registering a growth of 13.5 per cent over the same period of the last fiscal

Life insurers record 15% growth in new business premiums in August

In August, life insurers earned NBP to the tune of Rs 27,039.79 crore, compared to Rs 23,554.94 crore in the same period last year

Covid-19: Govt unlikely to meet Rs 2.1 trillion divestment target for FY21

With ambitious FY21 target of Rs 2.1 trn unlikely to be met, govt to push through LIC IPO, privatisation of BPCL or Concor