Life Insurance Corporation of India: News
02 Feb 2023
ParliamentRuckus in Parliament as Opposition demands discussion on Adani-Hindenburg row
Proceedings in the Lok Sabha and Rajya Sabha were adjourned till 2 pm on Thursday after the Opposition kicked up a storm, demanding discussion on the risk to Indian investors in view of the diminishing value of Adani Group's shares following allegations of fraud leveled by US-based Hindenburg Research.
30 Jan 2023
Adani GroupHindenburg report under evaluation, Adani Group would be questioned: LIC
Life Insurance Corporation (LIC) on Monday said that the Adani Group's response to the US-based short-seller Hindenburg Research's criticism was under evaluation and the group's management would be questioned soon, Reuters reported.
09 Sep 2022
India#NewsBytesExplainer: What is LIC's new pension scheme for senior citizens
The registration for Pradhan Mantri Vaya Vandana Yojana (PMVVY) the prestigious pension scheme by Life Insurance Corporation (LIC) is still on for a few months.
04 Aug 2022
WalmartLIC, Reliance among Indian companies in Fortune Global 500 list
The Fortune Global 500 is the list of the top 500 corporations in the world based on their revenue. In the 2022 edition of the list published by Fortune magazine, nine companies from India have found their place.
31 May 2022
Initial Public Offering (IPO)LIC records 18% fall in standalone net profit; announces dividend
State-run insurance giant Life Insurance Corporation of India (LIC) has announced its first quarterly results as a publicly traded company.
17 May 2022
Bombay Stock Exchange (BSE)LIC IPO debuts on Dalal Street at discounted price
Following a much-awaited Initial Public Offering (IPO), LIC has made its debut on Dalal Street.
04 May 2022
Initial Public Offering (IPO)Subscriptions for LIC IPO open: Everything you need to know
Subscription for the Initial Public Offering (IPO) of India's insurance behemoth Life Insurance Corporation (LIC) has opened today. The bidding will remain open for the general public till May 9.
27 Apr 2022
PaytmLIC IPO: Bid dates, prices, and other important details revealed
Life Insurance Corporation of India's (LIC) initial public offering (IPO) subscription will open for bidders on May 4 and shall close on May 9.
26 Apr 2022
Initial Public Offering (IPO)Ahead of IPO, anchor investors show massive interest in LIC
The Life Insurance Corporation of India's (LIC) initial public offering (IPO) is set to be launched on May 4 and will remain for subscriptions until May 9, PTI reported.
14 Feb 2022
IndiaLIC files papers for India's biggest IPO
The Life Insurance Corporation of India (LIC) has filed the draft share sale documents for its initial public offering (IPO) with the markets regulator Securities and Exchange Board of India (SEBI).
29 Mar 2021
IndiaLife insurers spend Rs. 2,000 crore on COVID-19 death claims
A total of 24 life insurance companies spent crores of rupees on COVID-19 death claims that are over and above the death claims that they usually receive every year.
03 Feb 2021
Nirmala SitharamanGovernment could reserve 10% of LIC IPO for policyholders
In her annual Budget speech, Finance Minister Nirmala Sitharaman said that the initial public offering (IPO) of Life Insurance Corporation of India (LIC) will be launched this year.
01 Feb 2021
Air IndiaUnion Budget 2021: Government to launch LIC IPO in FY22
In a major disinvestment push, Finance Minister Nirmala Sitharaman on Monday announced that the government plans to take control of two public sector banks and one general insurance company for stake sale in 2021-22.
06 Mar 2020
Reserve Bank Of India (RBI)Explained: The rise and fall of Yes Bank
Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.
01 Feb 2020
Initial Public Offering (IPO)Budget 2020: Government to sell LIC holdings through IPO
Announcing the Union Budget 2020-21 on Saturday, Finance Minister Nirmala Sitharaman said that Life Insurance Corporation of India will now be listed on stock exchanges.
19 Oct 2019
ChennaiI-T seizes Rs. 93cr in cash, jewelry from Kalki Bhagavan
The Income Tax department has detected an undisclosed amount of over Rs. 500 crore from the premises of self-styled godman and spiritual guru Kalki Bhagavan, who claims to be the tenth avatar of Lord Vishnu.
12 Dec 2018
West Bengal#AssamNRC: SC extends deadline for claims, objections to December 31
On Wednesday, the Supreme Court extended the deadline for filing claims and objections pertaining to the Assam National Register of Citizens (NRC) till December 31.
13 Aug 2018
IndiaSBI bags the title of 'India's most patriotic brand': Survey
India's largest lender State Bank of India (SBI) is considered to be the country's most patriotic brand, according to a survey.
29 Jul 2018
IndiaInsurance money worth Rs. 15,167cr lying unclaimed with firms
Twenty-three life insurers in India are sitting on unclaimed insurance money of as much as Rs. 15,167cr, with Life Insurance Corporation (LIC) accounting for the lion's share.
21 Jul 2018
Supreme Court Of IndiaED files charge sheet against ex-HP CM Virbhadra's son
The Enforcement Directorate (ED) today filed a charge sheet in a Delhi court against former Himachal Pradesh Chief Minister, Virbhadra Singh's son Vikramaditya, in a money laundering case which also involves Virbhadra.
16 Jul 2018
IndiaLIC board approves acquisition of 51% stake in IDBI Bank
The LIC board today gave approval to the insurance behemoth for acquiring of up to 51% stake in IDBI Bank, Economic Affairs Secretary SC Garg said today.
12 Jun 2018
Delhi High Court#FIITJEEMetroStationRow: HRD-Ministry writes to MoHUA over metro-station's name outside IIT-Delhi
The HRD Ministry has written to the Ministry of Housing and Urban Affairs, seeking its intervention in the ongoing row over the name of a metro station outside the IIT-Delhi's campus.
02 Jun 2018
TelanganaTelangana: Farmers to get free Rs. 5 lakh life insurance
The Telangana Government has announced it would soon implement a Rs. 5 lakh life insurance scheme for farmers in the state.
03 May 2018
State Bank of India (SBI)Investment-options for elderly: PMVVY limit doubled to Rs. 15L
In a significant step to provide the elderly a stable income, the government has doubled the investment limit under the Pradhan Mantri Vaya Vandan Yojana (PMVVY) to Rs. 15L from the current Rs. 7.5L.
22 Apr 2018
India#FinancialBytes: 6 best Life Insurance policies available in India
Almost everyone has heard of "Life Insurance". It is one of the safest and best ways to protect one's family and their future in case of the policyholder's untimely demise.
23 Mar 2018
IndiaMumbai to host cricket tournament for the physically challenged
India's top physically challenged cricketers will be seen in action in the 8th All-India LIC "Divyang" Inter-Zonal Cricket Championship to be held in Mumbai from March 30 to April 1.
30 Aug 2017
IndiaNTPC share-sale is expected to fetch govt Rs. 13,800 crore
Following Rs. 22,500 crore OFS in Coal India in 2014-15 and Rs. 15,200 crore IPO in 2010, the government will now conduct its third-biggest disinvestment deal.
07 Jul 2017
MumbaiMaharashtra police to get meat detection kits!
Maharashtra police will get meat-detection kits by next month in order to check if the seized meat is that of a cow.
07 Feb 2017
IndiaGovt reduces stakes in ITC by 2%
The government divested 2 percent of its stake held in FMCG giant ITC through the Specified Undertaking of the Unit Trust of India (SUUTI).
03 Dec 2016
MumbaiMumbai: City where the money keeps pouring in
Demonetization has resulted in massive gains for LIC; it sold its most expensive policy of Rs.50 crore for the first time.
