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Wednesday, September 29, 2021

LIC

LIC NEWS

Government likely to block Chinese investment in insurance giant LIC's IPO: Report

September 23, 2021 11:15 am

While the government is planning to allow foreign investors to participate in what is likely to be the country's biggest-ever IPO worth a potential $12.2 billion, it is leery of Chinese ownership, the sources said.

LIC marks 66 years of existence: 'True to nationalisation objective, taking insurance to all at reasonable cost'

September 01, 2021 8:01 pm

Starting with an initial capital of Rs 5 crore in 1956, LIC now has asset base of Rs 38,04,610 crore, with Life Fund to the tune of Rs 34,36,686 crore, a statement from the financial conglomerate said.

Post LIC IPO, 60% of insurance biz to be with listed entities

August 22, 2021 1:22 am

The IPO of the state-owned life insurer is part of the government’s efforts to raise Rs 1.75 lakh crore through disinvestment in the current financial year.

LIC AAO, AE Prelims 2020 exam dates announced, check exam pattern 

August 06, 2021 4:54 pm

Those who clear prelims will be called for Main. The LIC AE, AAO Main will have both MCQ as well as descriptive questions. It will be a 300-marks exam.

As IPO process gathers steam, LIC corporatised

July 02, 2021 12:08 am

LIC has also appointed Arijit Basu, former MD of State Bank of India (SBI) and former MD & CEO of SBI Life — who had led the life insurer to be listed in the stock exchanges, as a consultant to help in launching the IPO.

Vadodara man duped of Rs 1.51 crore in insurance fraud

June 12, 2021 12:55 am

According to police, the victim was lured into investing in as many as 64 policies for higher returns since 2014 by the gang.

Mini Ipe, BC Patnaik named new managing directors of LIC

May 09, 2021 1:07 am

The Banks Board Bureau (BBB) — the head-hunting agency for chairmen, CEOs and MDs of public sector banks and insurance companies — has chosen Mini Ipe and BC Patnaik as Managing Directors of Life Insurance Corporation (LIC), which will have two vacancies of MD in the next five months.

Explained: Taking stock of government share sales

March 16, 2021 12:51 pm

Government’s disinvestment programme offers investors an opportunity to become shareholders in what were so far closely-held institutions. What factors should you keep in mind before investing in these?

Gujarat: HC refuses interim relief to LIC employees from election duty

February 20, 2021 3:55 am

The employees’ services have been sought from February 20 to 22 and February 28 to March 2.

Explained: Two PSU banks, one insurance firm to be privatised, LIC IPO this year

February 03, 2021 10:23 am

Banking sources say that smaller and middle level banks are likely to be privatised by the government. It’s unlikely to change the structure of big banks like State Bank of India and PNB.