Page 9 - Life Insurance Corporation Of India Lic

LIC's total premium clocks 12% growth in FY20 at Rs 3.79 trillion

Settled 561 Covid-19 death claims amounting to Rs 26.74 crore

Top headlines: LIC's portfolio up 34%, gold jewellery demand slumps 74%

Here are the top headlines of the day

Insurance companies turn net buyers of equities after eight years

Sustained buying by them adds heft to market rally

LIC expects steady growth in life insurance premiums by December quarter

The first quarter of FY21 was a rough one for life insures because NBP contracted 18.64 per cent to Rs 49,335 crore against Rs 60,637 crore in Q1FY20 due the lockdown.

Axis Bank appoints LIC MD Suseel Kumar on board as non-executive member

Kumar was appointed MD of LIC in March 2019

Centre looks to EPFO, LIC, PSBs to raise funds through power bonds

PFC, REC will first issue bonds based on initial demand from states

Covid-19 impact: LIC listing, IDBI Bank stake sale may be postponed

Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 had announced stake sale in LIC through an initial public offer in the current financial year

JP Morgan's new chairman, Leo Puri, could be the Mr Dependable they need

His former colleagues say that he is a patient listener and participant, even if he does not agree with the views.

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