by AIP Online Bureau | Feb 21, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The LIC public issue would be the biggest IPO in the history of the Indian stock market. Once listed, LIC’s market valuation would be comparable to top companies like RIL and TCS Mumbai: Amid volatility in stock markets generated by tension between Russia and...
by AIP Online Bureau | Feb 21, 2022 | Banking & Bancassurance, Indian News, Life, Policy, Wealth Management/ Philanthropy
M R Kumar,chairperson,LIC Elaborating on bancassurance channel, Kumar said LIC has distribution tie up with 58,000 branches of different banks. There is still a lot of scope and headroom for growth on that front, he said adding that the corporation will also be keen...
by AIP Online Bureau | Feb 20, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The report notes that LIC’s margin has already gone by up 700 bps to 9.9 percent after government amended LIC’s surplus/profit distribution rules which allows it to make a 10 per cent shift in the business mix from participating policies to...
by AIP Online Bureau | Feb 17, 2022 | Indian News, Life, Wealth Management/ Philanthropy
LIC’s listing could dump the equivalent of nearly 60% of the three insurers’ free-float capitalisation on the market, Macquarie said in a report this week, adding that the outlook for them remains challenging If LIC’s valuation is attractive, the...
by AIP Online Bureau | Feb 15, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employees and policyholders of the insurance behemoth would get a discount over the floor price Mumbai: Life Insurance Corporation of...
