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Throwing LIC open to private players will destroy its ethos of public service, make them subservient to profit-making motives

July 13, 2020 8:42 pm

The argument for privatising the LIC is based on the thinking that the move will augment the corporation’s efficiency. But surely the LIC couldn’t have grown from a 5-lakh company to one worth 32 lakh crore if it lacked efficiency.

As markets crashed, LIC entered to buy stocks amid fall in holdings in March

June 29, 2020 12:57 am

LIC’s holding in companies listed on NSE fell to at least a decadal low of 3.88 per cent at the end of March 2020.

Explained: The biggest LIC IPO that the government is set to launch

June 25, 2020 10:06 am

LIC IPO 2020 Launch Date, Benefits: An IPO will certainly bring in transparency into affairs of LIC since it will be required to inform financial numbers and other market-related developments on time to the stock exchanges.

Finance Ministry invites bids from transaction advisors for LIC IPO

June 19, 2020 2:43 pm

The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14.

COVID-19 impact: LIC extends grace period for premium payment for all its policyholders

April 17, 2020 3:33 pm

LIC customers whose premium is due in the months of March and April will get an entire month to pay their pending premium.

Centre starts process to sell partial stake in LIC, approvals being lined up

February 28, 2020 5:17 am

The government will have to first amend the LIC Act before taking the Corporation public. The Department of Financial Services is working on the structuring, modalities and timing of the proposed IPO of LIC.

Proposed IPO of LIC to benefit insurance industry: Fitch

February 26, 2020 5:12 pm

Fitch said it expects that the initial public offering (IPO), once executed, may also encourage some of the other private sector insurance companies to list some of their shares in the stock market over the medium term, although the current insurance regulation does not require all insurers to be listed publicly.

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LIC staff union to hold walk-out strike to protest against IPO

February 04, 2020 1:33 pm

The walk-out will take place at all offices of the Life Insurance Corporation (LIC) across the country.

Budget 2020: Govt targets Rs 2.1 lakh crore via divestment, LIC IPO

February 01, 2020 10:15 pm

The government is expecting to raise Rs 90,000 crore through stake sale in LIC and IDBI Bank, and another Rs 1.2 lakh crore through other disinvestment.

Explained: Why LIC divestment is a big, bold decision but will need a law change first

February 01, 2020 4:39 pm

LIC IPO: On an average, LIC invests Rs 55,000 crore to Rs 65,000 crore in stock markets every year and emerges as the largest investor in Indian stocks.

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LIC Assistant Prelims Admit Card 2019 released: Steps to download

October 16, 2019 2:03 pm

LIC assistant prelims admit card 2019: The Life Insurance Corporation of India (LIC) has released the admit card for the preliminary examination. It will remain available on the website till October 22, 2019