Page 2 - Life Insurance Corporation

R Doraiswamy takes charge as LIC's MD & CEO for a three-year term

R Doraiswamy, a LIC veteran with over 39 years' experience, has been appointed MD & CEO for three years as the insurer sees a major reshuffle in its top management

LIC posts 14.6% jump in June individual premium despite policy drop

Life Insurance Corporation (LIC) has reported a 14.60 per cent year-on-year (YoY) increase in individual premium in June 2025, higher than 12.12 per cent growth in premium income of private life insurers, Life Insurance Council data showed on Thursday. In June 2025, LIC collected Rs 5,313 crore in individual premium, compared to 25 private sector companies, which together accounted for Rs 8,408 crore. During the month of June 2025, total policies issued by LIC stood at 12.49 lakh from 14.65 lakh in the same period last year. In the individual policies category, LIC issued 12.48 lakh polices for June 2025 from 14.62 lakh policies in 2024, Group policies stood at 1,290 in the last month from 2,827 for June 2024. In group premium income, LIC earned Rs 22,087 crore, a 7 per cent decline over June last year. The private sector reported a degrowth of 19 per cent in group premium income at Rs 5,315 crore. The total premium income of LIC during the month declined 3.43 per cent to Rs 27,395

Govt plans additional LIC stake sale through OFS; talks in early stage

At present, the government owns 96.5% of LIC. In May 2022, it sold a 3.5% stake through an IPO, priced between ₹902 and ₹949 per share

Three nationalisations: Lessons from govt's approach to SBI, LIC, Air India

A common factor uniting the three entities is that they all belonged to the services sector

AU Small Finance Bank partners with LIC to broaden life insurance reach

AU Small Finance Bank partners with LIC to distribute life insurance products across 2,456+ branches, aiming to boost financial inclusion and support the 'Insurance for All by 2047' initiative

FSIB recommends R Doraiswamy as LIC MD & CEO; Cabinet to give final nod

FSIB has proposed LIC MD R Doraiswamy for the top role of MD & CEO, with the Appointments Committee of the Cabinet set to take the final call amid a wider leadership reshuffle

Consumer protection: Insurer must prove, not infer, pre-existing ailments

The State Commission noted it could not be inferred from the medical certificate that these ailments were present when the policyholder purchased the policies

LIC eyes higher non-par product mix to boost margins post Q4 surge

Life Insurance Corporation sees strong profit growth in Q4FY25 and plans to increase focus on high-margin non-par products while expanding its agent base and channel mix

LIC shares soar 8% in best session since Nov 2023 on Q4 results

LIC's stock rose as much as 8.81 per cent after its net profit for Q4FY25 grew 38 per cent

LIC Q4FY25 results: Net profit up 38% at ₹19,012 crore on lower costs

Insurer earned Rs 73,000 crore profit from equity markets in FY25

LIC sets Guinness World Record for most life insurance policies in 24 hours

Life Insurance Corporation of India on Saturday said it has earned a Guinness World Record title for most life insurance policies sold in 24 hours. This historic achievement, verified by Guinness World Records, recognises the extraordinary performance of the corporation's dedicated agency network on January 20, 2025, LIC said in a statement. On January 20, a total of 4,52,839 agents of LIC successfully completed and issued an astounding 5,88,107 life insurance policies across India, it noted. This monumental effort established a new global benchmark for agent productivity in the life insurance industry within 24 hours, it said. "It is a powerful validation of the relentless dedication, skill, and tireless work ethics of our agents. This achievement reflects our deep commitment towards our mission to provide vital financial protection to our customers and their families," the statement said. The record attempt was the culmination of an initiative by LIC MD and CEO Siddhartha Mohant

LIC portfolio recovers ₹1.8 trillion amid market rebound from April lows

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

Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches

"This year, we will follow a strategy of regular offers for sale (OFS) in small tranches. We are officially giving forward guidance for small investors to look out for it," says Dipam Secretary

Growth in number of life insurance policies sold falls steeply in FY25

The significant decline in the number of policies sold can be attributed to the implementation of new surrender value norms

Pahalgam terror attack: LIC to speed up death claim settlement process

All efforts will be taken to ensure that the claimants are reached out to and claims are settled expeditiously for the affected families

LIC gains 3% in advance talks with a standalone health insurance company

The filing further read that the corporation is still in advanced talks and no binding agreement has been entered into

LIC to announce acquisition in health insurance firm by Mar 31: CEO Mohanty

LIC MD & CEO Siddhartha Mohanty said a decision on acquiring stake is likely by March 31, but he didn't disclose the health insurer's name

LIC names Shatmanyu Shrivastava as chief risk officer, effective March 19

He is a fellow member of the Institute of Chartered Accountants of India and also a fellow of the Insurance Institute of India (qualified in 2000)

Beware! LIC warns customers against fraudulent calls, fake claims

Country's largest insurance company urges customers to avoid divulging sensitive policy or banking details in response to unsolicited communications

LIC slips 3% as reports suggest govt to sell 2-3% stake; NBP falls 22% YoY

The government's stake sale aligns with its plan to meet the regulatory requirement of a 10 per cent public shareholding by 2027