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...
by AIP Online Bureau | Feb 8, 2022 | Indian News, Life
The country’s largest and the only state-owned insurer LIC registered a decline of 1.58 per cent in new premium income at Rs 12,936.28 crore in January 2022, as against Rs 13,143.64 crore in the same month a year ago The new business premium income of all the...
by AIP Online Bureau | Feb 6, 2022 | Indian News, Life, Wealth Management/ Philanthropy
At 64.1 per cent or with a Gross Written Premium (GWP) of USD 56.405 billion, LIC’s market share is unparalleled globally, and no other life insurer is enjoying such a high market share, a Crisil report said Mumbai: The IPO-bound national insurer Life Insurance...
by AIP Online Bureau | Feb 6, 2022 | Indian News, Life
LIC appointed former financial services secretary Anjuly Chib Duggal, ex-Sebi member G Mahalingam, former SBI Life managing director Sanjeev Nautiyal, chartered accountants- MP Vijay Kumar, Raj Kamal, and V S Parthasarathy on its board With the appointment, the total...
by AIP Online Bureau | Feb 5, 2022 | Indian News, Life
For conventional and health policies with a total receivable premium of up to Rs one lakh, the insurer is offering a 20 per cent concession in late fee, with a maximum limit of Rs 2,000. Similarly, for a premium amount of above Rs 3 lakh, concession offered is 30 per...
