"lic"

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

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

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

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

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

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

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

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

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.

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

Insurance claims worth Rs 2,012.15 crore settled so far with each family receiving Rs 5 lakh

"The improvement witnessed in August-October 2020, after the unlocking, fizzled out in November 2020 as the industry reported APE degrowth of 44.4 per cent YoY," it said.

Hyderabad: Telangana State Planning Board vice-chairman B Vinod Kumar on Saturday slammed the Centre for its moves to privatise public sector undertakings (PSUs) in the country, and questioned how selling LIC to corporate companies could be termed patriotic. He said farmers and workers were the real patriots of the country as they were its backbone. […]

The government plans to sell minority stake in the insurance behemoth and list it on the bourses

24 life insurers underwrote a total fresh premium of Rs.22,776.03 crore up from Rs 17,271.86 crore earned during Oct, 2019