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LIC

LIC NEWS

Govt looking to appoint private sector professional as the first CEO of LIC: Report

December 08, 2022 12:11 pm

A private sector appointee to lead India's largest insurer, which manages 41 trillion rupees ($500.69 billion) in assets, would be a first in its 66-year history.

India's largest insurer LIC plans changes to revive battered stock

October 28, 2022 6:37 pm

The company plans to transfer 1.8 trillion Indian rupees ($21.83 billion), a sixth of the 11.57 trillion rupees lying in its non-participating fund, to its shareholders' fund, according to an official aware of the matter.

Govt nudges LIC to tweak product strategy for better investor return

October 26, 2022 4:53 pm

The finance ministry in its performance review has been sensitising the LIC management about the steps that could be taken to better investor wealth and focus on non-participating products or term plans to improve profitability.

LIC market share rises to 68.24%

October 12, 2022 3:42 am

On the other hand, the market share of private players fell to 31.75 per cent as of September 2022 from 35.51 per cent a year ago.

LIC donates ambulance to Chandigarh eye hospital

September 25, 2022 1:41 am

Later in the day, fruits were also distributed among patients and employees of the hospital on this occasion.

LIC breaks into Fortune 500 list, Reliance jumps 51 places

August 04, 2022 9:14 am

The list, topped by US retailer Walmart, has nine Indian companies — five of them state-owned, and four from the private sector.

LIC stock tanks over 25% from issue price, investors lose around Rs 1.51 lakh crore post listing

June 10, 2022 6:37 pm

The LIC stock hit a fresh record low of Rs 708.05 on the NSE and Rs 708.80 on the BSE in the intraday session on Friday. Following its consecutive declines over the past nine sessions, the scrip has now fallen over 25 per cent from its issue price of Rs 949 apiece.

LIC share price falls to a fresh all-time low; skid nearly 21% from their issue price

June 07, 2022 4:36 pm

The LIC stock hit a new all-time low of Rs 751.80 on the NSE and Rs 751.00 on the BSE during the intraday trade.

FY22: LIC clocks record Rs 42K-cr profit from market

June 01, 2022 12:23 pm

The rise in profit came despite the stock market showing huge volatility during the financial year. LIC has been a contrarian player in the market.

LIC reports Q4 PAT at Rs 2,371.55 crore; approves Rs 1.50/share dividend

May 30, 2022 5:53 pm

LIC's net premium income for the March quarter stood at Rs 1.44 lakh crore vs 1.22 lakh crore, the company informed in an exchange filing.

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