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Cabinet approves strategic disinvestment of IDBI Bank
Business | May 05, 2021, 06:48 PM ISTThe 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.
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LIC employees to get Saturday off with immediate effect
Business | Apr 16, 2021, 04:04 PM ISTLIC Saturday Holiday, Salary hike: LIC employees will now get off on Saturday. The government has also announced salary hike for LIC employees.
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LIC Kanyadaan policy: Raise Rs 27 lakh with an investment of Rs 130 daily – Details
Personal Finance | Apr 16, 2021, 03:25 PM ISTLIC Kanyadan policy seeks to help parents with low earnings in raising a corpus for the marriage of daughters.
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LIC IPO to bring in Rs 1 lakh crore, BPCL sale may fetch Rs 80,000 crore: CEA
Business | Mar 28, 2021, 11:45 AM ISTThe 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 | Feb 22, 2021, 08:59 PM ISTBima 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 | Feb 09, 2021, 05:20 PM ISTThe 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 | Feb 03, 2021, 10:43 PM ISTThe 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 | Feb 03, 2021, 10:57 AM ISTThe 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 | Jan 28, 2021, 10:59 AM ISTFinance 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 | Jan 07, 2021, 06:44 PM ISTThe 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 | Oct 25, 2020, 11:44 AM ISTA 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
Personal Finance | Aug 09, 2020, 10:33 PM ISTTo 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 | Aug 06, 2020, 11:02 PM ISTYes 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 | Jul 30, 2020, 09:37 PM ISTLife 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 | Jun 19, 2020, 03:33 PM ISTKick-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 PM ISTLIC 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 | Apr 12, 2020, 11:35 AM ISTThe 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 | Apr 11, 2020, 06:46 PM ISTLife 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 | Apr 10, 2020, 04:33 PM ISTLIC 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 | Mar 22, 2020, 06:39 PM ISTTo 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.