Page 9 - Life Insurance Corporation Of India Lic

New premium business of LIC rises 25% in FY20, market share up 1.2%

In FY20, premiums from LIC's pension and group schemes clocked Rs 1 trillion mark

Life insurance companies register 11.36% growth in premium income in FY20

The 24 life insurance companies' collective premium income stood at Rs 43.33 trillion during fiscal year 2018-19

Covid-19 impact: Missing disinvestment targets will have consequences

Any slippage in disinvestment numbers combined with other revenue shortfall would mean the govt would have to borrow more in the market

Irdai extends premium renewal period by 30 days as lockdown continues

Life Insurance Corporation has offered relaxation to policyholders on payment of premiums due on inforce policies up to April 15

Coronavirus pandemic burns Rs 1.9 trillion hole in LIC's investments

The value of insurer's holdings in listed companies at the end of December 2019 quarter stood at Rs 6.02 trillion

YES Bank's Reconstruction Scheme: The story so far

Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue

SBI board approves exploring 'investment opportunity' in YES Bank

A rescue plan involving SBI and Life Insurance Corporation of India was being discussed and an announcement in this regard might be made soon

Letter to BS: Markets suffering from acute shortage of good quality stocks

Going by the experience and track record of IPOs of ONGC, Coal India and a dozen other PSUs, it is doubtful whether investors will reap reasonable capital appreciation and dividends.

LIC agents earn Rs 14,220 cr in Apr-Dec 2019, twice as much as MF sellers

Commissions paid by LIC on first-year premiums grew at a sharp pace of 46% YoY in December quarter

Best of BS Opinion: Successful CEO transitions, goals for defence, and more

From the fundamental reasons for our defence inadequacy to how coronavirus could affect industrial output in the near term, here's a selection of Business Standard Opinion pieces for the day

LIC IPO can take time, process may extend beyond FY21, says Macquarie

The investment banking and financial services firm in a note cast doubt on chances of LIC hitting the IPO market in next financial year (FY21) following its interactions with actuaries and valuers

Looking to unlock value in IDBI Bank ahead of IPO, says LIC Chairman

Presenting the Budget, Finance Minister Nirmala Sithraman had said the government would sell a part of its 100 percent holding in LIC through an IPO in the next fiscal year

LIC's new business premium crosses Rs 1.5 trn mark, income soars 18%

The Corporation's total income grew by 17.79 per cent to Rs 2,97,017.28 crore as of September 2019 from Rs 2,52,149.60 crore a year ago, chairman MR Kumar said

LIC listing may take about a year, says Finance Secretary Rajiv Kumar

Kumar said the idea behind the listing of LIC was to "bring in more transparency and allow the company to share gains with its stakeholders"

Budget 2020: Road to bourses for LIC is not going to be an easy one

Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation

Disinvestment dynamics

Listing LIC will be a big challenge for the govt

FM Nirmala Sitharaman's second Budget a missed opportunity

The government has wasted the chance to firmly establish its reform credentials

Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?

The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21

LIC IPO, IDBI stake sale to lead govt's Rs 2.1-trn sell-off drive in FY21

Next year's target is the highest ever

Need cost-effective products for lower-middle class: LIC chairman

LIC chairman said although life insurance had been one of the fastest-growing sectors in India, the vast uninsured population and market potential put the achievement of insurance players in the shade