Life insurance corporation

LIC Q4 earnings today, dividend to be key focus, Mint

LIC Q4 earnings today, dividend to be key focus The Life Insurance Corp. of India (LIC) signage at the company's listing ceremony the Bombay Stock Exchange (BSE) in Mumbai, India (Bloomberg) LIC share price are down more than 15% from its IPO issue price. The shares of the insurance behemoth made their stock market debut earlier this month on May 17, 2022. Analysts believe that the life insurance company will try to announce a good dividend for shareholders in view of the lacklustre debut of the insurer in the stock market. “LIC did not pay any dividends in the last financial year, so there are high chances that the company might declare a good dividend this year, thus making it a good...

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LIC Launches New Pension Plan With Retirement Income Benefit Through Annuity

LIC Launches New Pension Plan With Retirement Income Benefit Through Annuity LIC has come out with a new pension plan that provides retirement income through purchase of an annuity upon completion of the policy term Life Insurance Corporation. 'I Want To Break Free': Trials And Tribulations Of The Queer Community In India Amid positive changes in the legal landscape for the LGBTQIA+ community, a lesbian woman wonders why she still needs to travel abroad to get her same-sex marriage registered. A Kashmiri Transsexual's Resolve To Fight Against Social Stigma She chose acamedic pursuit to escape the crushing social stigma. Today, she helps others like her stand up on their feet Future Of...

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LIC share price dips to a new low as stock tanks 21% from issue price

An exterior view of Life Insurance Corporation of India (LIC) eastern zonal head office building in Kolkata, India, February 14, 2022. (REUTERS) LIC Share Price Drops Further Today to New All-Time Low, What LIC Investors Must Know, should buy, sell or hold?: Shares of insurance sector giant Life Insurance Corporation of India (LIC) continued their downward momentum and hit a fresh all-time low during the intraday trade on Tuesday. The LIC stock hit a fresh low of Rs 751.80 on the NSE and Rs 751.00 on the BSE during the intraday trade on Tuesday. Following its consecutive declines over the past six sessions, the scrip has now fallen nearly 21 per cent from its issue price. It eventually...

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LIC IPO subscribed nearly 3 times; government raises Rs 21,000 crore- The New Indian Express

NEW DELHI: Life Insurance Corporation's IPO, the country's biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the government mobilise about Rs 21,000 crore. Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. The Qualified Institutional Buyers (QIBs) category was subscribed 2.83 times. As many as 11.20 crore bids were received for the 3.95 crore shares earmarked for the segment. With regard to non-institutional investors (NIIs), a total of 8,61,93,060 bids were received for 2,96,48,427 shares reserved for the category, reflecting a subscription of 2.91 times. Retail...

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LIC is bullish, positive about all things life insurance, says MD Patnaik - The Hindu BusinessLine

Life insurance behemoth not looking to change channel mix; wants customers to choose their preferred channel depending on their comfort levels Insurance behemoth Life Insurance Corporation (LIC) wants to leave the distribution channel choice to the customers themselves and will not look to change its current channel mix to boost sales and improve life insurance penetration in the country, BC Patnaik, Managing Director, LIC, said. “The fact remains that people deserve insurance. Whatever be the distribution channel …they have to choose what is comfortable for them. We should not be talking about channels. The fact is insurance should grow and whatever is comfortable to the customer that...

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Life Insurance Corporation (LIC) - Bank-backed life insurance companies leave LIC falling behind - Telegraph India

In contrast, the total first year premium of private insurers in October 2021 was Rs 8,105.46 crore, up 12 per cent over October 2020. LIC’s market share in first year premium has also declined from 70.21 per cent in October 2020 to 64.21 per cent in October 2021. According to Emkay Global insurance industry analyst Avinash Singh, LIC’s growth faltered with a 2 per cent year on year decline in retail weighted received premium (RWRP) in October with an overall growth rate of a meagre 2.7 per cent in the first seven months of 2021-22. RWRP is a measure of premium received on individual policies. The growth rate of the private players was largely driven by an increase in ticket size of...

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LIC not among top-10 valued companies- The New Indian Express

NEW DELHI: Life Insurance Corporation of India (LIC) is no longer in the list of top 10 listed companies in terms of market capitalisation (m-cap). The state-run insurance behemoth has been replaced by Bajaj Finance and Adani Transmission as its share prices are yet to see an uptick and have fallen 23% since its listing on May 17. This is a sharp fall given LIC had entered the bourses as India’s 5th most valuable company, with an m-cap of Rs 5.48 lakh crore. LIC’s m-cap now stands at Rs 4.26 lakh crore and is placed in the 11th spot in the highest m-cap list. Adani Transmission is now the country’s 9th most listed firm with a market value of Rs 4.43 lakh crore, while Bajaj Finance took the...

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Government’s big push for insurance, Latest News India - Hindustan Times

Government’s big push for insurance September 1, 1956, is an important day in the history of Indian life insurance. Today the Indian Life Insurance Corporation begins its career of service. LIC Headquarters in Bombay (HT Photo) September 1, 1956, is an important day in the history of Indian life insurance. Today the Indian Life Insurance Corporation begins its career of service. The step which we have taken is unique in the annals of life insurance, for in few countries, if any, is there a corporation managing life insurance on a monopolistic basis. It all the more behoves us to ensure that the consequences of this momentous step are of lasting benefit to the country. This calls for...

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Life Insurance Corporation Rating: buy; Plugging gaps in the portfolio, The Financial Express

Life Insurance Corporation Rating: buy; Plugging gaps in the portfolio LICI reported strong traction in Q1FY23 and printed APE of Rs 102.7 bn. VNB margin moderated 150bp q-o-q to 13.6%, while shareholders’ PAT stood at Rs 6,829 m in Q1FY23 v/s Rs 29 m in Q1FY22. Individual NBP grew 36% y-o-y to Rs 109.4 bn. The Individual/Group business constituted 63%/37% of APE. Within the Individual business, the share of PAR products remained stable at ~92%. In terms of NBP, the share of PAR products was lower at 70%. Annuity or Pension/ULIPs constituted the bulk of residual with a 23%/5% share. Both these segments saw strong growth in Q1FY23. We expect the momentum to sustain, led by the introduction...

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LIC sees 20 per cent decline in death claims in Q1 FY23 as covid impact ebbs- The New Indian Express

NEW DELHI: Insurance behemoth LIC witnessed a decline of nearly 20 per cent in death claims in the first quarter of this fiscal with the covid impact seen to be ebbing, though the amount is still higher than pre-2020 levels, officials said. In the June quarter of the previous fiscal, settlement of death claims was to the tune of Rs 7,111 crore, which for Q1 of this year was Rs 5,743 crore, LIC Chairman M R Kumar said in a post-earnings call with analysts. "So there is quite a decrease, and it's quite obvious that whatever decrease was there based on covid going away now, Q1 to Q1 of the previous year," Kumar said. The claim rates had been very stable before the pandemic, said Dinesh Pant,...

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