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Mcap of five of top-10 most valued firms jumps Rs 85,582 cr; LIC biggest gainer

Mcap of five of top-10 most valued firms jumps Rs 85,582 cr; LIC biggest gainer

by AIP Online Bureau | Jun 16, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The valuation of LIC jumped Rs 46,425.48 crore to Rs 6,74,877.25 crore, the most among the top-10 firms. Mumbai: Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC)...
Consumer forum directs LIC to pay Rs 2 lakh claim to widow of policyholder

Consumer forum directs LIC to pay Rs 2 lakh claim to widow of policyholder

by AIP Online Bureau | Jun 8, 2024 | Indian News, Life

In an order passed last month, the District Consumer Disputes Redressal Commission, South Mumbai, noted that guidelines of the Insurance Regulatory and Development Authority (IRDA) state all terms and conditions should be explained to the insured in the language known...
LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24

LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24

by AIP Online Bureau | May 27, 2024 | Indian News, Life

“During the last year, we have focused on directional changes in our product mix and enhancing margins in the business. We have more than doubled our share of non-par business within our Individual business. Now we intend to focus our strategic interventions to...
LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24

Sebi allows LIC 3-yrs from now to comply with 10% minimum public shareholding norms

by AIP Online Bureau | May 15, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation

The corporation now has to achieve 10 per cent public shareholding on or before May 16, 2027 Mumbai: The capital market regulator Sebi has allowed Life Insurance Corporation(LIC) three more years from now to comply with its minimum public shareholding (MPS) norms of...
Mcap of five of top-10 most valued firms jumps Rs 85,582 cr; LIC biggest gainer

LIC warns against misleading social media ads exploiting Its brand and logo

by AIP Online Bureau | Apr 24, 2024 | Indian News, Life, Technology

”It has come to our attention that certain individuals and/or entities are engaging in fraudulent advertising practices on various social media platforms by misusing the image of our senior official/s or ex-officials, our brand logo, and our brand name without...
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