Life Insurance Corporation of India (LICI)

Insurance Stocks Surge Ahead of Budget Presentation - 23 Jul, 2024

Ahead of the 2024 budget presentation, insurance companies including LIC are hopeful for tax rule adjustments and amendments to the Insurance Act. The industry is also requesting tax deductions on annuities and lower GST rates on their products.

LIC Shares Rise on Healthy Business Outlook - 22 Jul, 2024

Shares of Life Insurance Corporation of India (LIC) rose 3% to Rs 1,143.80 on the BSE due to a healthy business outlook and substantial increase in group premiums.

Financial Services Secretary Reviews LIC's Annual Performance - 20 Jul, 2024

The Financial Services Secretary, Vivek Joshi, reviewed the annual performance of Life Insurance Corporation of India (LIC) for FY24. The meeting focused on discussing the achievements of the life insurer on various financial parameters and the way forward.

LIC Shares Rally; Ties Up With IDFC First Bank - 19 Jul, 2024

Life Insurance Corporation of India (LIC) has tied up with IDFC First Bank to offer LIC policies online to over 1 crore customers. LIC's shares have rallied 78% over the past year, with a revenue of Rs 8.46 lakh crore and a profit of Rs 40,885 crore in FY23-24.

LIC to Pay Largest Dividend Since Listing on Dalal Street - 18 Jul, 2024

Life Insurance Corporation of India (LIC) is set to pay a dividend of 60% per share, the largest since its listing in May 2022. The record date for eligibility is July 19, 2024, and subject to shareholder approval at the AGM on August 22, 2024.

LIC Shares Surge on Infrastructure Investments and Bancassurance Tie-Up - 17 Jul, 2024

Life Insurance Corporation of India's focus on infrastructure investments has resulted in a significant surge in shares, while its tie-up with IDFC First Bank aims to increase bancassurance contributions. Analysts recommend a stronger focus on infrastructure for long-term stability and growth.

LIC Ties Up With IDFC First Bank; Analysts Bullish on Stock - 16 Jul, 2024

Life Insurance Corporation of India (LIC) has tied-up with IDFC First Bank Ltd. under a corporate agency arrangement to offer its policies to over one crore customers through the bank's website. Additionally, Nuvama Technical Desk recommends buying shares of LIC with a potential move of 25-40% from Monday's closing price.

LIC Regains Market Share in New Business Premiums - 11 Jul, 2024

State-owned Life Insurance Corporation of India has regained its market share in new business premiums, while private insurance companies have lost their positions due to recent regulatory changes.

LIC Shares Rise After Health Insurance Premium Hike - 10 Jul, 2024

Life Insurance Corporation of India's shares rose 2% to Rs 1,055 and inched closer to its 52-week high following a hike in health insurance premiums by approximately 15-18%.

LIC Reports Strong Q1 Performance - 09 Jul, 2024

Life Insurance Corporation of India (LIC) reported a strong Q1 performance with a surge in new business premium by 28.11% to Rs 57,440.90 crore. JM Financial has a buy call on LIC with a target price of Rs 1222.

LIC Reports Increase in Premiums and Announces Dividend - 08 Jul, 2024

Life Insurance Corporation of India reports a 14% increase in June premiums and Q1FY25 premiums rising by 28%. LIC also advises shareholders to update their PANs to avoid higher TDS on dividends and announces a final dividend of Rs 6/- per equity share for FY23-24.

LIC Reduces Stake in Conglomerates, Infuses Capital in Sri Lankan Subsidiary - 07 Jul, 2024

Life Insurance Corporation of India (LIC) has reduced its stake in top conglomerates while the value of its remaining stakes has gone up. Additionally, LIC infused LKR 500 million in its Sri Lankan subsidiary to comply with regulatory requirements.

LIC Increases Stake in Subsidiary, Owns 1.06% in Integra Essentia - 06 Jul, 2024

Life Insurance Corporation of India increases its stake in subsidiary LIC Lanka by infusing LKR 500 million, bringing its shareholding to 93.75%. Additionally, LIC owns a significant 1.06% stake in Integra Essentia, giving it considerable influence over the company's decisions.

LIC Increases Stake in IDFC First Bank; Partners with A T Kearney for Agency Framework Review - 05 Jul, 2024

Life Insurance Corporation of India (LIC) has increased its stake in IDFC First Bank and partnered with A T Kearney to review its existing agency framework as part of the Jeevan Samarth project aimed at future-proofing its entire 14 lakh agent workforce.

LIC Acquires Stake in IDFC First Bank - 04 Jul, 2024

Life Insurance Corporation of India (LIC) has acquired an additional 1.26% stake in IDFC First Bank for Rs 1,500 crore and raised its stake to 2.68%. ICICI Securities recommends buying LIC shares at Rs 1,015-1,033 with a target price of Rs 1,175.

LIC Redesignates Chairman as MD and CEO - 02 Jul, 2024

Life Insurance Corporation of India (LIC) has redesigned its chairman Siddhartha Mohanty as managing director and CEO.

LIC Receives Demand Order for GST; Siddhartha Mohanty Re-Designated as CEO - 01 Jul, 2024

Life Insurance Corporation of India (LIC) has received a demand order of Rs 3.59 crore for Goods & Services Tax (GST), along with interest and penalties. Additionally, LIC announced the re-designation of its chairman, Siddhartha Mohanty, as Chief Executive Officer and Managing Director.

LIC Ranked 4th Most Valuable Brand in India - 29 Jun, 2024

Life Insurance Corporation of India (LIC) has been ranked 4th among the most valuable brands in India with a brand value of $9.8 billion, according to the Brand Finance India 100 2024 report. LIC retains its top position in the insurance sector and secures No.1 rank in insurance brands ranking.

LIC Faces Claims and Clarifies Non-Association - 28 Jun, 2024

Life Insurance Corporation of India faces claims worth nearly Rs 53,000 crore in a one-time settlement proposal by Jaiprakash Associates Ltd., while also issuing a notice to policyholders clarifying non-association with ACESO's ALIP solution. Additionally, LIC received a demand order of ₹3.59 crore for GST.

Life Insurance Corporation of India Reports 2.5% YoY Rise in Net Profit - 27 Jun, 2024

Life Insurance Corporation of India reported a 2.5% YoY rise in net profit at Rs 13,762 crore for the March quarter of FY2023-24. Its gross non-performing asset (GNPA) stood at 2.01% against 2.56% in the year-ago period.