Search For "life insurance corporation"
CPI(M) opposes LIC IPO, calls it step towards 'destruction' of firm's publ
Updated : 3 years, 10 months ago IST
New Delhi [India], April 28 (ANI): The Polit Bureau of the Communist Party of India (Marxist) has firmly opposed the manner in which the Central Government has initiated the Initial Public Offer (IPO) of the Life Insurance Corporation (LIC) saying that it is a step towards the destruction of
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LIC IPO price band at Rs 902-949 per share; offer opens on May 4
Updated : 3 years, 10 months ago IST
New Delhi [India], April 27 (ANI): Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9, Department of Investment and Public Asset Manag
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LIC IPO price band fixed for Rs 902-949 per share, policy holders to get d
Updated : 3 years, 10 months ago IST
New Delhi [India], April 26 (ANI): The price band for the much-awaited Initial Public Offering (IPO) of India's largest insurance company, Life Insurance Corporation of India (LIC), has been set at Rs 902-Rs 949 per share.
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LIC IPO to open on May 4
Updated : 3 years, 10 months ago IST
New Delhi [India], April 25 (ANI): The much-awaited initial public offering (IPO) of the Life Insurance Corporation of India is likely to open on May 4, sources privy to the development told ANI.
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Govt unlikely to reduce its stake in LIC for at least 2 years after IPO
Updated : 3 years, 11 months ago IST
New Delhi [India], April 6 (ANI): The Government of India, which targets to raise around Rs 60,000 crore by diluting its 5 per cent stake in Life Insurance Corporation (LIC) of India through an IPO, is unlikely to further reduce its stake in the insurer for at least the next two years.
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IPO-bound LIC posts Rs 235 cr profit in Q3 of 2021-22
Updated : 4 years ago IST
New Delhi [India], March 11 (ANI): The net profit of Life Insurance Corporation of India rose to Rs 234.91 crore in the third quarter of the current financial year from Rs 0.91 crore recorded in the corresponding period of last year.
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LIC gets market regulator SEBI's approval for IPO
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], March 9 (ANI): The market regulator Securities and Exchange Board of India (SEBI) has approved the initial public offering proposal of the Life Insurance Corporation of India (LIC), sources said on Wednesday.
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Govt may review LIC IPO timing due to Russia-Ukraine conflict
Updated : 4 years ago IST
New Delhi [India], March 2 (ANI): The government is likely to review the timing of the proposed initial public offering (IPO) of Life Insurance Corporation of India (LIC) depending on the impact of the Russia-Ukraine crisis on the Indian equities markets, official sources said on Wednesday.
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Government allows up to 20 per cent FDI in LIC under automatic route
Updated : 4 years 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 says PMJJBY policyholders are not eligible for 'quota benefits'
Updated : 4 years ago IST
New Delhi [India], February 22 (ANI): Life Insurance Corporation of India on Tuesday issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed initial public offering (IPO).
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PMJJBY policyholders also eligible for LIC IPO 'quota benefits'
Updated : 4 years ago IST
New Delhi [India], February 21 (ANI): Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are also eligible to avail the quota benefits reserved for the LIC policyholders, Life Insurance Corporation of India Chairman M R Kumar said on Monday.
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LIC IPO: Data on claims settlement by LIC in 2021 don't imply COVID deaths
Updated : 4 years 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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