Life Insurance Corporation of India (LICI)

LIC Gets Three-Year Extension for Public Shareholding Compliance - 16 May, 2024

The Securities and Exchange Board of India (SEBI) has extended Life Insurance Corporation's (LIC) deadline to achieve 10% public shareholding by three years, providing flexibility on regulatory requirements. The government sold a 3.5% stake in LIC through an IPO, fetching Rs20,557 crore. Analysts have raised their price target on LIC to over ₹1,300 a share following its shift towards non-participatory business.

SEBI Grants LIC Extension for Public Shareholding Norms - 15 May, 2024

Life Insurance Corporation of India (LIC) has been granted an additional three years by SEBI to achieve a 10% public shareholding, with current holdings at 3.5%. The government must divest another 6.5% in the next three years. LIC's stock price jumped 5.5% on the news.

LIC Logs Strong Growth in Premiums and Shareholdings - 10 May, 2024

Life Insurance Corporation of India logs strong growth in premiums and shareholdings. The company achieved its highest premium for April 2024, increased its share in 280 companies, and logged a 61.2% YoY growth in new business premium in April.

LIC Suffers Losses Due to Correction in Titan Shares; Appoints Director at L&T - 08 May, 2024

Life Insurance Corporation (LIC) suffers a loss of over ₹772 crore due to a correction in Titan Company shares. Meanwhile, Siddhartha Mohanty has been appointed as Director of Larsen & Toubro, representing LIC's equity interest.

LIC's Share Increases in Listed Companies and Allowed to Refresh Excess Expenses - 06 May, 2024

Life Insurance Corporation of India (LIC) saw its share increase in listed companies during Q4 FY24, while IRDAI allowed the company to refresh FY23 excess expenses from shareholder accounts starting June quarter.

Government has no immediate plans to sell more stake in LIC - 20 Apr, 2024

The Indian government has stated that it currently has no plans to sell any further stake in Life Insurance Corporation (LIC), but will explore the option at appropriate times. The sale of another 1.5% stake in LIC is expected after IPO investors are rewarded by the market, making the stock eligible for index funds and attracting a larger long-term investor pool.

LIC Reports Strong Premium Growth; Government Plans Stake Sale - 19 Apr, 2024

LIC reported strong premium growth with a 26.41% increase in total premium collected in March 2024 and a commanding market share of 58.87%. The government plans to sell its stake in LIC in small tranches depending on stock performance and investor appetite.

Analysts Bullish on Life Insurance Corporation of India - 18 Apr, 2024

Prabhudas Lilladher and JM Financial maintain their buy ratings on LIC, with target prices of Rs 1200 and Rs 1222 per share respectively. The analysts see growth opportunities in the company's non-participating book, which is expected to drive VNB margins above 20% levels and provide stability to EV returns.