Page 28 - Life Insurance Corporation

Finance Ministry invites bids from transaction advisors for LIC IPO

The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14

New business premium of life insurance companies declines 25% in May

For the most part of April and May, the country was in a lockdown and businesses found it difficult to conduct their operations, despite some relaxations from the government

RBI stops 7.75% bond: Here're some fixed-income options for senior citizens

PMVVY, SCSS, PPF and Bharat Bond are instruments senior citizens can turn to

Finance Ministry, LIC start contact tracing to assess Covid-19 aid

At 2.7%, life insurance penetration in India is lower than Western & Asian peers

Insurance firms looks to bridge online trust deficit amid Covid--19 crisis

With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world

Fighting Covid-19 crisis: LIC customers get more time to pay premium

LIC has said all death claims related to Covid-19 would be treated on a par with other causes of death and payments would be made on an urgent basis

LIC gives 30-days extension for premiums due in March, April amid Covid-19

The insurer assured its policyholders that the death claims arising due to COVID-19 will be treated at par with other causes of death and payments shall be made on an urgent basis.

LIC IPO: Things you need to know about India's biggest public offer

A look at LIC's journey since being set up under the LIC Act of 1956 to understand why it continues to control the bulk of India's insurance market even 20 years after its monopoly ended

LIC in the time of coronavirus: A question mark now on the mega IPO

The listing of LIC is being thought when it is still a pre-dominant player in the sector. This is just like in the case of the State Bank of India in 1993

LIC declares relaxation on premium payments amid coronavirus spread

Policyholders are requested to stay indoors and avoid visiting any office to pay premium. They can, however, use online services of LIC

LIC eyes sale of 25 mn individual policies, Rs 55k cr in premiums for FY20

This is 17 per cent growth in terms of number of individual policies sold compared to the number of policies sold in FY19

How LIC should be valued

The Life Insurance Corporation differs from its listed peers in a number of ways, and these should be factored into its valuation prior to its proposed initial public offering

CBDT asks govt to tell PSUs to opt for 'Vivad se Vishwas' scheme

So far, no PSU has shown interest in the scheme

YES Bank stock crash and financial mess: How the crisis unfolded in 2 years

Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon

Parliament: Why govt has no record on farmer income, who will own LIC

Finance Minister said that listing of LIC will give opportunity for retail investors to participate in the creation of wealth

Why LIC's present governance culture makes it a poor investment bet

IPO plans for the state-owned insurer will reveal weaknesses in its business model

Yet to receive proposal from LIC for IPO, says Irdai Chairman S C Khuntia

Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones

LIC's gross NPA ratio in debt portfolio rises to 7.5% in December

The gross NPA ratio of LIC in the debt portfolio at the end of September 2019 stood at 6.10%

Lock into current term insurance premiums, new rates unlikely before Apr 1

The sale of term plans gathered pace only over the past four-five years

How listing will transform LIC

The proposed listing will render Life Insurance Corporation more transparent and efficient. And certainly, it would enable policyholders to make a significant contribution to the economy