by AIP Online Bureau | Apr 17, 2022 | Indian News, Life
Setting the stage for the country’s biggest-ever public offering, Sebi has approved the draft prospectus for sale of a 5 per cent stake by the government for an estimated Rs 63,000 crore According to the draft paper, LIC’s embedded value, a measure of the...
by AIP Online Bureau | Apr 13, 2022 | International News, Life
In terms of most valuable insurance brand, at $ 11. 1 billion(up 30% from $8.65 billion in 2021), LIC in 2022 has moved one place up in its global ranking to the ninth position from 10th in 2021, However in the global top 10 list which is dominated by Chinese insures(...
by AIP Online Bureau | Apr 5, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
The government and its advisers are considering seeking a valuation of about 1.25 to 1.5 times LIC’s embedded value, the people said. Officials are still discussing potential terms of the offering, and the fund-raising target could still change, the people said...
by AIP Online Bureau | Mar 21, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
As per the updated financials, the Life Insurance Corporation reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December, 2021, increased to Rs 1,671.57 crore from Rs 7.08 crore a year ago Mumbai: The government has filed...
by AIP Online Bureau | Mar 14, 2022 | Briefs, Eco/Invest/Demography, Life
The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC.The Union Cabinet had last month approved the decision to facilitate disinvestment of the...
