The listing of LIC will be crucial for the government in meeting its disinvestment target of Rs 1.75 lakh crore for 2021-22 (April-March).
LIC IPO Date, LIC IPO News: The IPO of the Life Insurance Corporation of India is planned to be completed during the year.
Kickstarting the process for LIC disinvestment, the government has invited bids from merchant bankers and legal advisors for advising it on the proposed mega initial public offer.
Life Insurance Corporation (LIC) is reportedly weighing a bid for the online delivery platform’s shares in the IPO.
The central government and LIC together own more than 94 per cent equity of IDBI Bank.
Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders.
The government has extended the superannuation age of IPO-bound LIC Chairman to up to 62 years by making amendment to the Life Insurance Corporation of India (Staff) Regulations, 1960.
The Life Insurance Corporation (LIC) has launched a new annuity plan. The new scheme is called -- LIC Saral Pension plan.
The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in future foray into the market of e-gift cards, LIC CSL said in a statement.
LIC has issued a public warning over the unauthorized use or misuse of its iconic logo by anybody.
The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd.
LIC Saturday Holiday, Salary hike: LIC employees will now get off on Saturday. The government has also announced salary hike for LIC employees.
Under LIC Kanyadaan policy, an investor will have to deposit Rs 130 daily for 25 years (Rs 47,450 yearly).
The Central government on Thursday notified the revised pay packets for LIC employees. The wage revision is effective from 1.8.2017.
The much-anticipated initial public offering (IPO) of Life Insurance Corporation of India (LIC) can bring in Rs 1 lakh crore for the government, said the Chief Economic Adviser (CEA) K.V. Subramanian.
The scheme christened Griha Varishtha is designed for employees or pensioners covered under the Defined Benefit Pension Scheme (DBPS).
LIC has allowed its policyholders to deposit their maturity claim documents at their nearest LIC office anywhere in the country.
Bima Jyoti provides a guaranteed lumpsum payment on maturity and financial support to the family in case of untimely death of the policyholder during the policy-term.
The LIC Amendment Act has been made part of the Finance Bill, thereby bringing the required legislative amendment for launching IPO of the country's largest life insurer.
The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this, Economic Affairs Secretary Tarun Bajaj said on Wednesday.
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