Tuesday, October 19, 2021

LIC

LIC to allow policy holders to revive lapsed policies

Special revival campaign between August 23 and October 22, 2021, for individual lapsed policies.

Rs 1.75 lakh crore disinvestment target on track, says Chief Economic Advisor

The disinvestment plan includes strategic sale of IDBI Bank, BPCL, Shipping Corp, Container Corporation, Neelachal Ispat Nigam Ltd, among others.

IPO-bound LIC warns against misuse of its iconic logo

The 65-year-old LIC, which is soon going for its IPO, has warned stringent legal or civil action against any person found misusing its official logo, in a post on Friday.

Govt gives nine-month extension to LIC Chairman M R Kumar

In her Budget Speech 2021, Finance Minister Nirmala Sitharaman said the Initial Public Offer (IPO) of LIC would be floated in 2021-22.

Axis Bank awaits nod to reclassify 3 promoters as public shareholders

The board at its meetings held this year on February 27, March 26, and April 28 has considered and approved the said requests, subject to the approval of the stock exchanges, statutory/regulatory authorities and the shareholders of the bank, it said.

LIC ups stake in Union Bank of India to over 5%

LIC held 3.09 per cent stake in UBI earlier, representing 19,79,23,251 equity shares of the bank.

LIC appoints new Zonal Manager for South Central Zone

He has worked in the capacity of Regional Manager (Marketing), Hyderabad and Regional Manager (Bancassurance) Hyderabad.

LIC Housing Finance launches home loan product with EMI waivers

The scheme christened Griha Varishtha is designed for employees or pensioners covered under the Defined Benefit Pension Scheme (DBPS), as per an official statement.

Life insurance firms see 21% rise in new business premium in Feb

LIC's April-February new premium was down 3.01 per cent at Rs 1,56,068.64 crore.

Govt proposes to hike in LIC’s authorised capital to Rs 25,000 cr

The government will remain the majority shareholder and will continue to retain management control, safeguarding the interest of policyholders.

LIC Housing Finance disburses Rs 1,331 cr of loans via mobile app

The 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14, 2020

Banks unions call for two-day strike against proposed privatisation of PSBs

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years

BPCL, Air India stake sale by Sept; LIC IPO post Oct: DIPAM Secy

Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd

SAT sets aside Sebi’s penalty on SBI, Bank of Baroda, LIC

LIC, SBI and BoB are the sponsors of LIC MF, SBI MF and Baroda MF and at the same time, they were holding over 18 per cent stake in both UTI MF and UTI Trustee Company.

LIC’s ‘Ananda’ now one step ahead

This feature was launched by LIC Chairman MR Kumar in the presence of managing directors TC Suseel Kumar, Vipin Anand, Mukesh Gupta and Raj Kumar

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