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...
by AIP Online Bureau | Feb 13, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Although the DRHP does not disclose the market valuation of LIC, as per industry standards it would about 3 times the embedded value or around Rs 16 lakh crore. The government will sell over 31 crore equity shares of LIC LIC’s embedded value has been pegged at...
