by AIP Online Bureau | Aug 12, 2022 | Data, Life, Wealth Management/ Philanthropy
After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said. Mumbai: Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra...
by AIP Online Bureau | Aug 9, 2022 | Indian News, Life
The country’s largest life insurer LIC registered a more than twofold jump in new business premium income to Rs 29,116.68 crore during the month compared to Rs 12,030.93 crore in the year-ago month, the Insurance Regulatory and Development Authority of India...
by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Indian News, Life
The nation’s biggest life insurer LIC with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. This is the first outing of LIC on the list, which ranks listed companies by sales New Delhi:...
by AIP Online Bureau | Jul 14, 2022 | Indian News, Life
MR Kumar, chairman,LIC LIC’s VNB (Value of New Business ) margin, for the year ended Fy 2021-22 is 15.1 per cent as compared to VNB margin of 9.9 per cent for Fy 2020-21 The corporation’s VNB for year ended March 31, 2022 has been calculated to be Rs 7,619...
by AIP Online Bureau | Jul 7, 2022 | Indian News, Life
Recently listed LIC posted a 35.39 per cent growth in its new premium collection to Rs 48,201 crore in the June quarter 23 private sector life insurers led by SBI Life, at Rs 25,473 crore, registered a 48.75 percent growth in their new premium collection in the June...
