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LIC’s net profit soars nearly 5-fold to Rs13,428 crore in Q4 FY 23

LIC’s net profit soars nearly 5-fold to Rs13,428 crore in Q4 FY 23

by AIP Online Bureau | May 24, 2023 | Indian News, Life

The Indian Embedded Value (IEV) of the corporation has been determined as Rs.5,82,243 crore as at March 31st ,2023 as compared to Rs. 5,41,492 crore as at March 31st,2022 and Rs. 5,44,291 crore as at September 30th,2022, showing a growth of 7.53 per cent y-o-y basis....
Market value of LIC investment in Adani stocks hits Rs 44,670 cr

Market value of LIC investment in Adani stocks hits Rs 44,670 cr

by AIP Online Bureau | May 24, 2023 | Health, Indian News, Life

The country’s largest insurer and leading institutional investor in the Adani group has seen the market value of its holdings in Adani stocks increase by around Rs 5,500 crore since April, stock exchange data showed Mumbai: Market value of investments made by...
LIC shares fall nearly 40 pc in first year of listing; investors’ wealth erode by Rs 1.93 lakh crore

LIC shares fall nearly 40 pc in first year of listing; investors’ wealth erode by Rs 1.93 lakh crore

by AIP Online Bureau | May 17, 2023 | Indian News, Life, Wealth Management/ Philanthropy

“LIC’s IPO listed at a discount and has never seen the IPO price since then. It has massively underperformed the Nifty as well as its peers over the past year,” Deepak Jasani, Head of Retail Research at HDFC Securities, said New Delhi: Shares of the country’s largest...

LIC launches ’s Group Post Retirement Medical Benefit Scheme

by AIP Online Bureau | May 2, 2023 | Health, Indian News, Life

Mumbai: Life Insurance Corporation of India has introduced Group Post Retirement Medical Benefit Scheme with effect from 2nd May 2023. This plan is a Non-Linked, Non-Participating, Life, Group Savings Insurance product. The plan helps to meet the employer’s obligation...
Govt clears Siddhartha Mohanty as chairman of LIC

Govt clears Siddhartha Mohanty as chairman of LIC

by AIP Online Bureau | Apr 28, 2023 | Indian News, Life

Siddhartha Mohanty,chairman, Life Insurance Corporation Siddhartha Mohanty, the senior most MD, will be chairman of the LIC till June 29 and after that will be designated as chief executive officer and managing director of the corporation till 7TH June 2025 New Delhi:...
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