Life Insurance Corporation

Life Insurance Corporation begins special campaign to help revive policies

“Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years from the date of the first unpaid premium subject to terms and conditions,”

published on : 11th January 2021

Life insurance sector struggling to recover from COVID-19 hit

Insurers claimed that even when business was bouncing back to normal from August, growth in  renewals is only marginal.

published on : 21st September 2020

LIC’s investments in PSUs surge to Rs 25 lakh crore, private sector share dips

For instance, the government sold equity stakes in BHEL, Engineers India, MMTC, New India Assurance, General Insurance Corporation of India and Hindustan Aeronautics.

published on : 19th September 2020

Centre invites bids to engage advisors for LIC IPO

There will be a pre-bid meeting on June 30, and the bid can be submitted till July 13. LIC was established in 1956 through an Act of Parliament.

published on : 20th June 2020

How a misaligned computer print out cost LIC dearly

The document mentioned the maturity amount as Rs. 62.50 lakh and believing this to be the case, Subramanian had paid monthly premium of Rs 31,153 for eight long years.

published on : 2nd June 2020

The LIC IPO and what lies ahead

Policyholders have nothing to fret about as Centre offloads 10% stake in the insurance behemoth, but from an investment point of view, it could shake up the financial markets

published on : 10th February 2020

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

'As an immediate reaction to the proposal to list LIC, All India LIC Employees Federation will hold a one-hour walk-out strike on February 4,' the union said in a statement.

published on : 4th February 2020

Insurance regulator okays Life-line for sick IDBI Bank

Insurance Regulatory and Development Authority on Friday cleared the decks for state-run Life Insurance Corporation to go beyond the normal threshold and acquire up to 51 per cent stake in IDBI Bank

published on : 30th June 2018

LIC can hold 30 per cent stake in IDBI

State-run LIC, the black knight for IDBI Bank, can hold as much as 30 per cent equity stake in an entity as a strategic promoter, according to sources.

published on : 26th June 2018

Government to use LIC gun to pressure ICICI Board over Chanda Kochhar's fate

While the board initially rejected allegations of quid-pro-quo by Kochhar in the Rs 3,250-crore loan given to Videocon Group, it is now reportedly split down the middle on the fate of the banker.

published on : 11th April 2018