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Life Insurance Corporation of India news

LIC Q3 Results, Net profit stood at Rs 7,108.70 crore amid 12.2 percent growth YoY

The Public sector Insurance giant LIC released its quarterly results on Thursday, witnessing a surge of 49% percent growth in net profit standing at Rs 9,444.4 crore for the third quarter. The net premium income grew by 4.6% to Rs 1.17 trillion, compared to Rs 1.11 trillion in Q3 FY24. The net in
Posted Date : 09-02-24

LIC introduces unit linked policy LIC Index Plus

The state-owned insurance giant LIC [Life Insurance Corporation] has introduced LIC Index Plus, a unit-linked regular premium along with an individual life cover policy. The policy is available for purchase from February 6 while offering life insurance and savings through the plan term. As per th
Posted Date : 07-02-24

LIC HFL Q2 FY24: Profit stood at Rs. 1188 cr, up by 290 % Y-o-Y

Mumbai: The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its unaudited results for the second quarter ended on September 30, 2023, following its approval by the board of directors in a meeting held in Mumbai on November,01st, 2023. The results are as per t
Posted Date : 01-11-23

LIC registered an increase of 10.90% in Total Premium Income

Mumbai: The Board of Directors of Life Insurance Corporation of India ("LIC") approved and adopted the standalone and consolidated financial results for the year ending March 31st, 2023. Below are the key highlights of our standalone results. For the year ended March 31st, 2023, LIC
Posted Date : 26-05-23

LIC Housing Finance Ltd. announces its FY2023 results

Mumbai: The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its standalone audited results for the fourth quarter ended on March 31, 2023, following its approval by the Board of Directors in a meeting held in Mumbai on May, 16th , 2023. Performance
Posted Date : 17-05-23

LIC Housing Finance donates ambulance to tribal population in Odisha

ODISHA- LIC Housing Finance Ltd (LICHFL) under its CSR Initiative LIC HFL Sanjeevani sponsored an ambulance to Swasthya Swaraj Society for deploying in its project area Kaniguma, Kerpai, and Silet panchayat of Th. Rampur Block of Kalahandi district. Also, medical equipment Urine Analyzer and WBC Ana
Posted Date : 18-04-23

LIC Housing Finance Q1 FY23 Results: Profit goes up by 503% at Rs 925 cr

New Delhi: India's one of the largest Housing Finance Mortgage loan companies reported a six-fold profit of over 503 % up at Rs 925.48 crore in the First Quarter of the current Financial Year compared with Rs 153.44 crore during the same period in the previous year. LIC's subsidiary
Posted Date : 05-08-22

LIC’s IPO to open on May 4, sets price band at Rs 902 to Rs 949 per Equity Share

· Price Band of Rs. 902 – Rs. 949 per equity share bearing face value of Rs. 10 each (“Equity Shares”). · Discount - Rs. 45 per Equity Share to Retail and Eligible Employee Category and Rs 60 per Equity Share to Policyholder Category · Bid/Offer Opening D
Posted Date : 27-04-22

Reduction in LIC IPO issue size from 5 % to 3.5%

New Delhi: Board of LIC has approved a reduction in its initial public offering (IPO) issue size to 3.5 percent, according to the sources. Earlier the IPO was proposed at 5 percent. The government will now dilute 3.5 percent of its percent shares in LIC for Rs 21,000 crore, subject to the approval o
Posted Date : 25-04-22

LIC continues to dominate market in New Business Premium

Chennai: Hon’ble dignitaries present today. As we all know the corporation has filed for its Initial Public Offering on Feb 13, 2022. The LIC brand is one of the key drivers in maintaining our leadership position in the life insurance industry and our business model has been very customer-cent
Posted Date : 02-03-22

LIC Chairperson inaugurates 'LIC Digi Zone'

New Delhi/Chennai: The Life Insurance Corporation (LIC) of India inaugurated “LIC Digi Zone” to enhance the Digital Operations of LIC i.e. sales and services for its customers. It was inaugurated at the hands of LIC Chairperson Shri. M.R. Kumar, in the presence of Managing Directors &nda
Posted Date : 30-12-21

LIC is next on Disinvestment List; expected to sell a 5-10% stake

New Delhi: After the sale of national carrier airline of India, Air India to Tata Group now fueled the privatisation process and open ways for the faster disinvestment process for the next public firm Life Insurance Corporation (LIC). It is noted that officials mentioned an effective valuat
Posted Date : 14-10-21

LIC will have five working days starting from May 10

New Delhi: State-owned LIC will have five working days starting from May 10 since Saturdays have been declared as a holiday for the insurer. Pursuant to a notification on April 15, 2021, wherein the central government has declared every Saturday as a public holiday for Life Insurance Corporatio
Posted Date : 06-05-21

LIC's highest collection ever-new business premium of Rs 1.84 lakh crore

New Delhi: India's largest government-owned insurance and investment corporation, LIC has seen the highest record of collecting Rs 1.84 lakh crore from new business premium. However, in the pandemic, LIC not only balanced the situation but also record the highest business premium record eve
Posted Date : 21-04-21

LIC appoints Paytm to handle digital payments

Mumbai: An Indian government-owned insurance and investment corporation Life Insurance Corporation of India (LIC) has appointed Paytm, the multinational e-commerce payment system to facilitate its digital payments. The earlier tie-up of the company with other payment gateways soug
Posted Date : 19-04-21

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