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  LIC IPO to bring in Rs 1 lakh crore, BPCL sale may fetch Rs 80,000 crore: CEA

  Business | March 28, 2021 11:45 IST

  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.

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  LIC launches new plan Bima Jyoti

  Business | February 22, 2021 20:59 IST

  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.

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  Up to 10% of LIC IPO issue size to be reserved for policyholders

  Business | February 09, 2021 17:20 IST

  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.

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  LIC IPO may hit market in Q4 of next fiscal: DEA Secretary

  Business | February 03, 2021 22:43 IST

  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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  BPCL, Air India stake sale by September this year, LIC IPO after October

  Business | February 03, 2021 10:57 IST

  The initial public offering (IPO) of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government's divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal.

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  Budget 2021: Centre likely to announce sale of IDBI Bank, stake in LIC, say sources

  Business | January 28, 2021 10:59 IST

  Finance Minister Nirmala Sitharaman's plans to divest government control of large companies such as Air India and Bharat Petroleum Corp Ltd failed to make much headway in the current fiscal year because of the pandemic.

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  LIC policy lapsed? Here's how you can revive it

  Business | January 07, 2021 18:44 IST

  The Life Insurance Corporation of India (LIC) on Thursday launched a campaign to encourage individuals to continue their risk cover, amid the coronavirus pandemic, where lapsed policies can be revived.

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  LIC IPO may spill over to next fiscal as govt looks at valuation of insurer

  Business | October 25, 2020 11:44 IST

  A stake sale in LIC is crucial for meeting a record Rs 2.1 lakh crore disinvestment target set for the current fiscal ending March 31, 2021

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  LIC to launch revival campaign for lapsed policies

  August 09, 2020 22:33 IST

  To encourage the continuation of risk cover in this difficult period, insurance behemoth LIC on Sunday said it will provide an opportunity for its policyholders to revive their lapsed policies.

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  LIC acquires close to 5 per cent stake in Yes Bank

  Business | August 06, 2020 23:02 IST

  Yes Bank on Thursday said LIC has acquired close to 5 per cent shareholding in the bank by purchasing shares from the open market. With the fresh acquisition, the hold of LIC has increased from 0.75 per cent to 4.98 per cent, Yes Bank said in a regulatory filing.

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  LIC's new premium income soars 25.2 per cent to Rs 1.78 lakh crore in FY20

  Business | July 30, 2020 21:37 IST

  Life Insurance Corporation on Thursday declared a marginal 1.31 per cent higher policy payout at Rs 2,54,222.3 crore for 2019-20 despite the insurer logging in the best-ever show on new business premium that jumped 25.2 per cent to Rs 1,77,977 crore.

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  Finance Ministry invites bids from transaction advisors for LIC IPO

  Business | June 19, 2020 15:33 IST

  Kick-starting the process of LIC disinvestment, the Finance Ministry on Friday invited bids from consulting firms, investment bankers, and financial institutions for advising it on the proposed initial public offer. 

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  LIC's Pension Plan: LIC launches pension scheme that offers Rs 10,000/month for senior citizen

  Business | May 28, 2020 12:52 IST

  LIC Pension Plan: Life Insurance Corporation of India (LIC), India's largest insurer has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY) for senior citizens aged 60 years and above. LIC's PMVVY pension scheme is non-linked and non-participating subsidized by the Centre.

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  LIC allows 30-Day extension for premiums due in March, April amid COVID-19 crisis

  Business | April 12, 2020 11:35 IST

  The Life Insurance Corporation, India's biggest life insurer on Saturday announced an extension of 30 days for payment of premium due in March and April 2020 to mitigate the hardships being faced by policyholders in the wake of COVID-19.

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  Good news: LIC gives 30-days extension for premiums due in March, April

  Business | April 11, 2020 18:46 IST

  Life Insurance Corporation on Saturday announced an extension of 30 days for payment of premium due in March and April 2020 to mitigate the hardships being faced by policyholders in the wake of COVID-19.

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  LIC Policyholders Attention! Your Aadhaar card can get you around ₹4 lakh from this LIC policy

  Business | April 10, 2020 16:33 IST

  LIC Policy ALert! Are you LIC policyholder and also holding Aadhaar card? Then here is a good news for you during the coronavirus crisis. LIC's Aadhaar Stambh (Plan-843) is one such scheme that is customised specially for Aadhaar card holding males to generate around Rs 4 lakh money after maturity. Apart from being a premium small savings scheme, Aadhaar Stambh also gives investors good after death benefits too.

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  LIC declares relaxation for premium payments amid coronavirus outbreak

  Business | March 22, 2020 18:39 IST

  To help policyholders who are unable to pay the insurance premium on time due to the coronavirus outbreak, state-run insurer Life Insurance Corporation (LIC) has extended the deadline up to April 15, 2020.

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  LIC's Pension Plan: PMVVY that offers Rs 10000/month is 'ideal' for senior citizen, says expert

  Business | March 10, 2020 18:51 IST

  Life Insurance Corporation's (LIC) pension scheme 'Pradhan Mantri Vaya Vandana Yojana' (PMVVY) is an ideal plan for senior citizens, said LIC's former Development Officer. Proper monetary planning for retirement can benefit you a long way in twilight years as old age comes with a number of problems.

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  LIC Plan: Hurry! This senior citizen pension scheme can give you ₹10,000 a month, but to end on Marc

  Business | March 09, 2020 8:31 IST

  LIC Pension Plan Alert! Proper monetary planning can benefit you a long way in twilight years. Keep this in mind, the Life Insurance Company (LIC) is offering insurer a pension scheme that will give policyholders Rs 10,000 per month.

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  LIC may be roped in rescue scheme for Yes Bank

  Business | March 07, 2020 15:23 IST

  State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank. This can help to increase capital infusion under the draft scheme to rescue Yes Bank designed by the Reserve Bank of India.