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LIC

LIC Smart Pension Plan: How much minimum pension you can get monthly, quarterly, half-yearly, yearly

LIC Smart Pension Plan: How much minimum pension you can get monthly, quarterly, half-yearly, yearly

Wed, Feb 19, 2025

LIC's Smart Pension Plan offers multiple annuity payout frequencies—monthly, quarterly, half-yearly, or yearly—to cater to varying financial needs.

LIC posts weaker-than-expected Q3 results: Global brokerages divided on stock's outlook

LIC posts weaker-than-expected Q3 results: Global brokerages divided on stock's outlook

Mon, Feb 10, 2025

VNB margin - a measure of profitability of new policies sold by an insurance company also reduced drastically to 19.4 per cent in the review quarter, while it was 26 per cent in the same period last year.

LIC Q3 Results: Profit rises 16% YoY to Rs 11,009 crore; net premium income declines 9%

LIC Q3 Results: Profit rises 16% YoY to Rs 11,009 crore; net premium income declines 9%

Fri, Feb 07, 2025

LIC Q3 profit rises 16% YoY to Rs 11,009 crore, but net premium income declines 9% to Rs 1.07 lakh crore, reflecting pressure on new business growth amid competitive market conditions.

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LIC gets GST demand notice for 7 financial years

LIC gets GST demand notice for 7 financial years

Wed, Feb 05, 2025

The demand notice pertains to seven financial years between 2017-18 and 2023-24.

LIC clocks 14.64% growth in new business premiums in 2024, collects Rs 2.33 lakh crore

LIC clocks 14.64% growth in new business premiums in 2024, collects Rs 2.33 lakh crore

Fri, Jan 10, 2025

This stellar performance by nation's largest life insurer exceeds the insurance industry's growth of 14.41 per cent and the private life insurers' growth rate of 14.55 per cent, the data showed.

LIC's Bima Sakhi Yojana records over 50,000 registrations within one month of launch

LIC's Bima Sakhi Yojana records over 50,000 registrations within one month of launch

Wed, Jan 08, 2025

Bima Sakhi Yojana of LIC has seen over 50,000 registrations within a month of its launch by Prime Minister Narendra Modi as an initiative towards Viksit Bharat through women empowerment.

Want to revive your LIC policy? Here are steps you can take if you haven't paid policy premiums for up to 5 years

Want to revive your LIC policy? Here are steps you can take if you haven't paid policy premiums for up to 5 years

Tue, Jan 07, 2025

The LIC surrender value is the amount policyholders receive when they stop paying the premiums and cancel the policy before its maturity date. The amount you receive when you surrender an LIC policy depends on the number of premiums you've paid and the term of the policy.

Life Insurance Corporation of India pares 2% stake in NMDC

Life Insurance Corporation of India pares 2% stake in NMDC

Fri, Dec 13, 2024

State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing. After the stake sale, LIC's holding in the state-run iron ore mining company NMDC has dropped to 5.6 per cent from 7.6 per cent earlier.

LIC shares drop nearly 4% after November premium slump

LIC shares drop nearly 4% after November premium slump

Tue, Dec 10, 2024

LIC shares drop nearly 4% as November premiums decline by 27% year-on-year. Investors weigh the insurer’s underperformance against plans to expand into health insurance and support for increased FDI.

PM Narendra Modi to launch LIC Bima Sakhi Yojana

PM Narendra Modi to launch LIC Bima Sakhi Yojana

Sun, Dec 08, 2024

During his upcoming visit to Haryana, the Prime Minister will launch the LIC Bima Sakhi Yojana initiative aimed at empowering women aged 18-70 years under certain conditions. The Bima Sakhi Yojana drive is in tandem with the PM's commitment to women empowerment and financial inclusion.

Life insurance employees' body demands withdrawal of GST on premiums

Life insurance employees' body demands withdrawal of GST on premiums

Sat, Nov 30, 2024

The All India Triennial General Conference here is being attended by delegates from across the country.

LIC ups stake in LTIMindtree to 7.03%; shares in focus

LIC ups stake in LTIMindtree to 7.03%; shares in focus

Fri, Nov 22, 2024

LIC raises its stake in LTIMindtree to 7.03% through open market purchases, signalling strong confidence in the IT firm's growth trajectory amidst robust financial performance.

JP Morgan double upgrades LIC to 'overweight'; sees up to 17% potential upside

JP Morgan double upgrades LIC to 'overweight'; sees up to 17% potential upside

Tue, Nov 12, 2024

Amid considerable growth in premiun during the quarter which the brokerage anticipates to continue going ahead, JP Morgan is bullish on the counter.

jp morgan double upgrades lic share price q2 earnings results

jp morgan double upgrades lic share price q2 earnings results

Tue, Nov 12, 2024

After the company's earnings last Friday, shares of the largest insurer Life Insurance Corporation of India (LIC) traded on a muted note in the previous session. Since the last one month the stock is trading a range of Rs 900-950 per share.

LIC posts robust premium growth despite lower Q2 profit; solvency ratio improves to 198%

LIC posts robust premium growth despite lower Q2 profit; solvency ratio improves to 198%

Mon, Nov 11, 2024

With strong premium growth and an improved solvency ratio, LIC appears well-positioned to navigate the challenges of rising benefit payouts, while its emphasis on non-participating policies could support margin expansion in the upcoming quarters.

LIC Q2 FY25 Results: Net profit declines 3.8% to Rs 7,621 crore

LIC Q2 FY25 Results: Net profit declines 3.8% to Rs 7,621 crore

Fri, Nov 08, 2024

LIC Q2 FY25 Results: State-run Life Insurance Corporation on Friday reported a net profit of Rs 7,621 crore for the July-September period, a decline of 3.8 per cent on a year-on-year basis. Earlier on Friday, LIC shares ended 1.6 per cent lower at Rs 914.8 apiece on BSE.

5 blue-chip firms leave investors poorer by nearly Rs 4 lakh crore in a week; HDFC Bank, ICICI Bank on the list

5 blue-chip firms leave investors poorer by nearly Rs 4 lakh crore in a week; HDFC Bank, ICICI Bank on the list

Sun, Oct 06, 2024

The holiday-truncated, four-session week, with the Mahatma Gandhi Jayanti holiday on October 2, began on a listless note amid headlines about Iran launching ballistic missile strikes on Israel.

LIC raises stake in Biocon to 5.02%

LIC raises stake in Biocon to 5.02%

Wed, Sep 18, 2024

The company has increased its shareholding in equity shares of Biocon Ltd to 5.023 per cent.

LIC picks Infosys for building its NextGen digital platform

LIC picks Infosys for building its NextGen digital platform

Mon, Sep 16, 2024

Under this, Infosys will enable the creation of a NextGen Digital Platform, which will focus on delivering omnichannel engagement and data-driven hyper-personalised experiences to LIC's customers, agents and employees.

LIC hands over Rs 3,662 crore dividend cheque to central government

LIC hands over Rs 3,662 crore dividend cheque to central government

Thu, Aug 29, 2024

Life Insurance Corporation (LIC) of India presented a cheque of Rs 3,662.2 crore as a dividend to the government, taking its total payout for FY24 to Rs 6,103.6 crore.

TCS, HUL, ITC, LIC, 5 other companies gain Rs 95,523 crore in mcap in a week; see list

TCS, HUL, ITC, LIC, 5 other companies gain Rs 95,523 crore in mcap in a week; see list

Sun, Aug 25, 2024

During the August 19-23 trading week, the Sensex rose 649.4 points - or 0.8 per cent - while the Nifty50 gained 282 points - or 1.1 per cent. Among the 39 weekly gainers in the Nifty50 basket were Bajaj Auto, Coal India and Hero MotoCorp, while ONGC, Mahindra & Mahindra and Tata Motors were among the top weekly losers.

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.

All you need to know about Aceso's ALIP scheme and why LIC is opposed to it

All you need to know about Aceso's ALIP scheme and why LIC is opposed to it

Fri, Aug 16, 2024

Under the ALIP scheme, Aceso claims that if a policyholder surrenders his LIC policy, Aceso will give them a better surrender value from LIC within 48 hours. The insured will continue to enjoy insurance coverage even after surrendering the policy, and the nominee will receive the amount after his death.

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