Page 3 - Life Insurance Corporation

Savings of LIC's 300 mn policyholders 'misused' to benefit Adani: Congress

The Congress on Saturday alleged that the savings of Life Insurance Corporation's 30 crore policyholders were systematically misused to benefit the Adani Group and demanded that Parliament's Public Accounts Committee investigate how LIC was forced to make investments in the conglomerate. There was no immediate response from the Adani Group or the government on the Congress' allegations. Congress general secretary in-charge of communications Jairam Ramesh said disturbing revelations have just emerged in the media about how the "Modani joint venture systematically misused the Life Insurance Corporation of India (LIC) and the savings of its 30 crore policyholders". "Internal documents reveal that Indian officials drafted and pushed through a proposal to invest about Rs 33,000 crores of LIC funds in various Adani Group companies in May 2025," he said. The reported goals were to "signal confidence in the Adani Group" and to "encourage participation from other investors", he said in a ..

Why are brokerages betting on SBI Life and HDFC Life among life insurers?

Private life insurers' individual annualised premium equivalent (APE) increased at a moderate 7.7 per cent year-on-year (Y-o-Y), whereas LIC's individual APE fell 31.8 per cent Y-o-Y

Canara HSBC Life Insurance public issue to raise nearly ₹2,500 crore

The life insurer's Rs 2,500-cr IPO is an offer for sale by existing shareholders, with CEO Anuj Mathur saying no fresh capital is needed for expansion

LIC launches nationwide campaign to revive lapsed insurance policies

LIC has launched a campaign from August 18 to October 17 to revive lapsed individual policies, offering up to 30 per cent concession on late fees with caps based on premium size

Govt to begin LIC stake sale roadshows, may sell 3% stake in first tranche

The government may sell 2.5-3 per cent of its stake in LIC in the first round, aiming to raise up to ₹17,000 crore, with roadshows likely to start in two weeks

LIC targets sales growth in double digits for FY26: MD & CEO R Doraiswamy

The 64 per cent market share is on a composite basis, in which group insurance plays a major role, says Dowaiswamy

LIC's entry into bond FRA market likely to boost long-term G-Secs

With deals across 10 major banks, the insurer's move is expected to spur demand for long-term government securities while narrowing forward spreads for other players

Analysts see further gains in LIC post strong Q1FY26 performance

The VNB margin improved Y-o-Y to 15.4 per cent (13.9 per cent in Q1FY25). The Solvency Ratio improved to 217 per cent in Q1FY26 from 199 per cent in Q1FY25

LIC Q1 net profit rises 5% to nearly ₹11K cr due to tepid premium growth

LIC posts 5 per cent YoY profit growth in Q1FY26 on muted premium rise; Non-Par share climbs to 30 per cent, VNB margin expands by 150 basis points

LIC to explore composite insurance model once allowed, says MD & CEO

LIC may become a composite insurer offering general and health cover once Parliament clears the new policy, but has not finalised a health insurance acquisition plan

LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag

Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July

LIC inks $1 billion in bond derivatives as hedging gains traction

LIC's FRA deals with Wall Street banks mark 38% of recent trades, as India's largest insurer adapts to market risk and rising bond demand amid equity losses

Govt to pocket ₹7.3k-cr dividend from insurance behemoth LIC; details here

The country's largest insurer has announced that its board has recommended paying a final dividend of ₹12 per equity share for the financial year 2024-25 (FY25)

Stock to Watch today, July 22: Eternal, LIC, Havells, Titan, PNB, IDBI Bank

Stocks to Watch today, July 22, 2025: Eternal, Titan, Oberoi Realty and UltraTech Cement are some of the top stocks to watch today

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