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).
The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) ahead of the mega IPO.
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.
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.
LIC has issued a public warning over the unauthorized use or misuse of its iconic logo by anybody.
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.
LIC workers in Coimbatore protested against Centre's move of disinvestment in the corporation.
During the Union Budget on Monday, Finance Minister Nirmala Sitharaman said that the initial public offering of LIC will be brought in through requisite amendments in the session itself.
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.
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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