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Life Insurance Corporation

LIC agents earn Rs 10,328 a month in this state

LIC agents earn Rs 10,328 a month in this state

Sun, Aug 18, 2024

Among the larger states, Uttar Pradesh had the maximum number of LIC agents at over 1.84 lakh with an average monthly income of Rs 11,887.

LIC shares rally over 6%; mcap climbs Rs 37,159 crore

LIC shares rally over 6%; mcap climbs Rs 37,159 crore

Wed, May 15, 2024

Public sector behemoth LIC listed on the bourses on May 17, 2022. As per Sebi norms, LIC was required to achieve 10 per cent public shareholding within 2 years of listing in the capital market.

LIC stock gets boost after PSU receives refund of Rs 21,740.77 crore from I-T department

LIC stock gets boost after PSU receives refund of Rs 21,740.77 crore from I-T department

Mon, Feb 19, 2024

The insurance firm got a refund of Rs 21,740.77 crore the Income Tax Department for FY13 to FY20. The biggest PSU by market size is still talking to the Income Tax Department for the remaining money.

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LIC hits 52-week high; stock has risen over 25% in a year

LIC hits 52-week high; stock has risen over 25% in a year

Tue, Jan 16, 2024

Stock market news, share market today: With nearly 62.58 per cent of the new business market share in FY23, Life Insurance Corporation of India (LIC), the only public sector life insurer in the country, continued to be the market leader.

As LIC hits a 52-week high, here are reasons why it can rise or fall in new year

As LIC hits a 52-week high, here are reasons why it can rise or fall in new year

Mon, Jan 01, 2024

The LIC stock closed at Rs 833.30 on Friday evening before starting the trading session on Monday at Rs 831.95. The stock ended its trading session up by 3.01 per cent at Rs 858.35 on Monday.

LIC exploring possibility of setting up fintech arm: Chairman

LIC exploring possibility of setting up fintech arm: Chairman

Sun, Nov 26, 2023

Customer acquisition is done through three modes--agent, bancassurance and direct sale.LIC gets most of its new customers through its agents.

Mr. Siddhartha Mohanty, Chairperson, LIC In Talk With Zee Business

Mr. Siddhartha Mohanty, Chairperson, LIC In Talk With Zee Business

Fri, Aug 11, 2023

Continuous efforts to meet the expectations of investors: Siddharth Mohanty, Chairman, LIC How were LIC's results in Q1? Profit up 13x to ₹9544 crore. Premium income, VNB margin also increased. From where did the results get support? What is the growth outlook going forward? Declaration of ₹3/share dividend

LIC shares rise ahead of Q4 results today; here's what analysts expect

LIC shares rise ahead of Q4 results today; here's what analysts expect

Wed, May 24, 2023

According to a domestic brokerage house Phillip Capital, life insurers' annual premium equivalent (APE) growth is expected to be muted in the quarter ended in March 2023.

One Year of Listing: KEY HIGHLIGHTS AS LIC TURNS ONE ON D-STREET

One Year of Listing: KEY HIGHLIGHTS AS LIC TURNS ONE ON D-STREET

Wed, May 17, 2023

Life Insurance Corporation (LIC) shares were listed on stock exchanges NSE and BSE on May 17, 2022. The stock, following a mega IPO of the state-run life insurance giant, debuted on the bourses at a discount of eight per cent to the issue price. Here's a quick recap.

LIC completes one year in the listed space: Here's a recap of the PSU insurance giant's mega IPO

LIC completes one year in the listed space: Here's a recap of the PSU insurance giant's mega IPO

Wed, May 17, 2023

LIC shares were listed on stock exchanges NSE and BSE on May 17, 2022. The stock, following a mega IPO of the state-run life insurance giant, debuted on the bourses at a discount of eight per cent to the issue price. Here's a quick recap.

One Year Since IPO, LIC Share Has Fallen 40% From Listing Price

One Year Since IPO, LIC Share Has Fallen 40% From Listing Price

Wed, May 17, 2023

A year after Life Insurance Corporation (LIC) listed its shares on the stock exchanges, shares of the country's biggest insurer are still quoting at 40 per cent discount to the initial public offering (IPO) price of Rs 949 per share. LIC shares closed at Rs 567.40 on the BSE on Tuesday.

LIC Online Payment: A step-by-step guide on how to pay LIC premium online

LIC Online Payment: A step-by-step guide on how to pay LIC premium online

Mon, Apr 10, 2023

The insurance behemoth LIC is adapting to the trend that gave rise to digitalisation. Now, you can pay LIC premium online using the company's official websites or UPI applications, like Gpay and Paytm.

LIC Mitra: LIC ropes in CoRover to offer AI assistance to customers - Check features and other details

LIC Mitra: LIC ropes in CoRover to offer AI assistance to customers - Check features and other details

Mon, Apr 10, 2023

LIC Mitra: LIC Mitra allows users to know about LIC products, past premiums paid, upcoming premiums, policy maturity date and much more.

LIC's debt exposure in Adani Group companies dips marginally to Rs 6,183 cr: FM Sitharaman

LIC's debt exposure in Adani Group companies dips marginally to Rs 6,183 cr: FM Sitharaman

Tue, Mar 14, 2023

LIC has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore in December 2022 and Rs 6,182.64 crore on March 5, 2023. Of the total Rs 6,183 crore, LIC has an exposure of Rs 5,390 crore to APSEZ

Govt appoints Siddhartha Mohanty as interim Chairman of LIC, MR Kumar term ends on Monday

Govt appoints Siddhartha Mohanty as interim Chairman of LIC, MR Kumar term ends on Monday

Sun, Mar 12, 2023

The appointment of Mohanty was cleared by the government, wherein he will hold the Chairman’s position for a period of three months, according to the exchange filing of LIC.

Insurance behemoth LIC recoups losses as Adani Group stocks rise for 3rd session in a row

Insurance behemoth LIC recoups losses as Adani Group stocks rise for 3rd session in a row

Sat, Mar 04, 2023

The value of LIC's shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday's closing price, it stands at Rs 39,068.34 crore, according to information available on the stock exchanges.

Will LIC stock hit Rs 1,000? check what Kotak Institutional Equities estimates

Will LIC stock hit Rs 1,000? check what Kotak Institutional Equities estimates

Tue, Jan 03, 2023

Domestic brokerage firm Kotak Institutional Equities has initiated a Buy rating on LIC with a target price of Rs 1,000, implying 40% upside from current level.

Subdued since listing, when will LIC share price reverse the trend? Analysts decode

Subdued since listing, when will LIC share price reverse the trend? Analysts decode

Tue, Dec 20, 2022

The shares of the state-owned insurer have cracked 22 per cent and 16 per cent from its issue price of Rs 949 per share and listing price of Rs 875 per share, respectively, on the exchanges.

LIC share zooms 9% intraday as Q2FY23 profit jumps multifold; ICICI Securities tags ‘Buy’

LIC share zooms 9% intraday as Q2FY23 profit jumps multifold; ICICI Securities tags ‘Buy’

Mon, Nov 14, 2022

Life Insurance Corporation of India share price zoomed more than 9% intraday on November 14, as investors cheered the state-owned insurer's robust September quarter results.

LIC Q2 Result: LIC net profit soars to Rs 15,952 crore in September quarter

LIC Q2 Result: LIC net profit soars to Rs 15,952 crore in September quarter

Fri, Nov 11, 2022

State-owned insurer LIC on Friday reported a multi-fold jump in net profit to Rs 15,952 crore in the September quarter, boosted by profits from its investments. The insurer had a net profit of Rs 1,434 crore in the year-ago period, according to a regulatory filing.

LIC buys extra 2% stake in this Tata Group company Voltas for Rs 635 crore – brokerage recommends Buy, check target price

LIC buys extra 2% stake in this Tata Group company Voltas for Rs 635 crore – brokerage recommends Buy, check target price

Mon, Nov 07, 2022

The state-owned life insurer increased its shareholding from 2,27,04,306 shares (equivalent to 6.862 per cent) to 2,93,95,224 (8.884 per cent) in Voltas, according to a regulatory filing on Monday.

Domestic investor LIC crosses 5% holding in this Tata Motors; Jefferies recommends Buy – check target

Domestic investor LIC crosses 5% holding in this Tata Motors; Jefferies recommends Buy – check target

Tue, Nov 01, 2022

As per regulatory norms, listed companies are required to inform stock exchanges when their shareholding in a company crosses 5 per cent.

IDBI Bank stake sale: Corporates cannot be bidding consortium members due to RBI norms

IDBI Bank stake sale: Corporates cannot be bidding consortium members due to RBI norms

Tue, Oct 11, 2022

Currently, RBI guidelines allow industrial houses to hold a maximum of 10 per cent stake in private sector banks, but they cannot be a promoter.

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