Search For "life insurance corporation lic"
Government allows up to 20 per cent FDI in LIC under automatic route
Updated : 4 years, 3 months ago IST
New Delhi [India], February 26 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved a proposal to allow up to 20 per cent foreign direct investment (FDI) in Life Insurance Corporation (LIC), official sources said.
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LIC IPO: Data on claims settlement by LIC in 2021 don't imply COVID deaths
Updated : 4 years, 3 months ago IST
New Delhi [India], February 19 (ANI): Data related to claims settled by Life Insurance Corporation (LIC) of India in 2021 does not imply COVID-19 deaths, the Ministry of Health and Family Welfare said on Saturday, trashing reports in a section of media on underreporting of fatality during th
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Nirmala Sitharaman reviews progress on IPO of LIC
Updated : 4 years, 4 months ago IST
New Delhi [India], January 7 (ANI): Union Finance Minister Nirmala Sitharaman on Friday reviewed the progress on proposed Initial Public Offering (IPO) of the Life Insurance Corporation (LIC) of India.
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Govt refutes speculation over LIC IPO's delay, says it is 'on course'
Updated : 4 years, 5 months ago IST
New Delhi [India], December 20 (ANI): The government on Sunday refuted media speculation around the initial public offer (IPO) of Life Insurance Corporation (LIC) and said that it is unlikely to come up with the IPO of LIC in the current financial year ending March 2022.
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ED files prosecution complaint against ex-employee of LIC for fraud
Updated : 5 years, 2 months ago IST
Visakhapatnam (Andhra Pradesh) [India], March 31 (ANI): The Enforcement Directorate (ED) has filed a prosecution complaint against an ex-employee of Life Insurance Corporation (LIC) for alleged misappropriation of funds.
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LIC employees stages protest in Ludhiana against FDI limit hike in insuran
Updated : 5 years, 2 months ago IST
Ludhiana (Punjab) [India], March 19 (ANI): Life Insurance Corporation (LIC) employees staged a protest in Ludhiana on Thursday against the government's decision to raise the Foreign direct investment (FDI) limit in the insurance sector to 74 per cent and to bring an IPO of the LIC.
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Budget proposals positive for India's insurance industry: Fitch
Updated : 5 years, 3 months ago IST
Colombo [Sri Lanka], Feb 10 (ANI): India's 2021-2022 Budget has proposed relaxing foreign-ownership caps on insurers and listing the country's largest state-owned insurer, measures that Fitch Ratings says will help the industry attract foreign capital, strengthen solvency and promote competi
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LIC employees protest against Centre's disinvestment proposal
Updated : 5 years, 3 months ago IST
Coimbatore (Tamil Nadu) [India], February 3 (ANI): Life Insurance Corporation (LIC) employees on Tuesday opposed the government's proposal of disinvestment of the corporation and protested against the decision in Coimbatore.
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Budget pegs FY22 disinvestment target at Rs 1.75 lakh crore
Updated : 5 years, 3 months ago IST
New Delhi [India], February 1 (ANI): The Budget proposals for 2021-22 on Monday put Rs 1.75 lakh crore as a target from stake sale in public sector companies and financial institutions.
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LIC requests Karnataka govt to retain it as implementing agency for Bhagya
Updated : 5 years, 5 months ago IST
Bengaluru (Karnataka) [India], December 22 (ANI): The Life Insurance Corporation (LIC) on Tuesday has requested the Karnataka government to retain the corporation as the implementing agency for the Bhagyalakshmi scheme.
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IDBI Bank offloads 27 pc stake in IFLI for Rs 595 cr
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Aug 6 (ANI): IDBI Bank said on Thursday it has signed a share purchase agreement with Federal Bank and its Dutch partner Ageas Insurance International NV to offload 27 per cent stake in IDBI Federal Life Insurance (IFLI) at a combined value of Rs 595 crore.
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LIC's NPAs stood at Rs 1453.11 crore as on Dec 31, 2019: MoS Finance
Updated : 6 years, 2 months ago IST
New Delhi [India], Mar 16 (ANI): Minister of State (MoS) Finance, Anurag Thakur on Monday said that as reported by the Life Insurance Corporation (LIC), its Non Performing Assets (NPAs) stood at Rs 1453.11 crore as on December 31, 2019.
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