Life Insurance Corporation Of India (LIC)

Thursday, May 02, 2024 | Last Update : 09:59 PM IST

Life Insurance Corporation of India (LIC)

LIC was formed by merging and nationalising 245 private life insurance companies on September 1, 1956, with an initial capital of Rs 5 crore. (PTI)

LIC mega IPO opens for subscription; to close on May 9

The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth

05 May 2022 3:54 AM

LIC is ranked fifth globally by life insurance Gross Written Premium (GWP) and 10th globally in terms of total assets. (PTI)

AA Edit | LIC’s history-making IPO can be a win-win for all

It gives an opportunity for people to be a part of the growth of the biggest insurer, which they nurtured for several decades

05 May 2022 1:36 AM

The LIC IPO would be the biggest IPO in the history of Indian stock market. (Photo: PTI)

Sebi approves LIC draft papers; clears decks for mega IPO

The IPO is offer for sale (OFS) by Government of India and there will be no fresh issue of shares by LIC

09 Mar 2022 2:47 PM

The LIC IPO was expected to hit the market this month. (Photo: PTI/File)

Govt may defer LIC IPO to next fiscal amid Ukraine crisis: Experts

The government was looking to sell 5 per cent stake in LIC this month, which could have fetched over Rs 60,000 crore to the exchequer

06 Mar 2022 1:15 PM

The LIC IPO was expected to hit the market this month. (Photo: PTI)

Ukraine crisis: Govt may defer LIC IPO

The government was expecting to garner Rs 63,000 crore by selling 5 per cent stake in the life insurance firm

02 Mar 2022 3:58 PM

LIC rescued IDBI Bank in 2019, infusing Rs 4,743 crore in October 2019 while the bank further raised Rs 1,435.1 crore in December 2020 via a qualified institutional placement. (Representational image/ Financial chronicle)

LIC may not fully exit IDBI Bank

While the government holds 45.48 per cent stake in IDBI Bank, LIC owns 49.24 per cent stake in the lender

22 Feb 2022 12:37 AM

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders. (Photo: PTI/File)

LIC IPO unlikely to take place this fiscal due to delay in valuation

Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore

19 Dec 2021 1:08 PM

M.R. Kumar, chairman, LIC of India and chairman, National Insurance Academy (NIA) governing board. (Photo: PTI)

LIC chief calls for joint efforts to address protection gaps

For an emerging economy, protection gaps may pose multiple problems, according to LIC

18 Oct 2021 8:22 AM

Centre likely to sell 25 per cent stake in LIC; Rahul Gandhi slams move

The government is likely to float an IPO (Initial Public Offering) to raise the necessary amount of money

08 Sep 2020 2:38 PM

he callous attitude of the then top management in LIC, the majority stakeholder of IL&FS, pushed the infrastructure major into the debt trap following a rift between the leadership team of the insurer three years ago.

Kotak may unravel truth behind infra major fall

The present financial mess at IL&FS could have been averted if the proactive measures were taken then.

31 Oct 2018 12:42 AM

LIC taken to court for funding cigarette firm

The petition further said while the government is committed to tackling the problem of tobacco and its ill.

18 Apr 2017 2:27 AM

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

Cabinet clears pension scheme for seniors

Cabinet chaired by PM Modi gave its post-facto approval for launching of Varishtha Pension Bima Yojana 2017.

25 Jan 2017 2:57 AM

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Dilip Cherian