Life insurance corporation ↝ Life insurance

Explained: How LIC stake sale will affect policyholders - The Hindu

The story so far: In the Union Budget speech on February 1, Union Minister of Finance Nirmala Sitharaman announced that the government proposed to sell a part of its holding in Life Insurance Corporation (LIC) by way of an initial public offering (IPO). The state insurer was established in 1956 through an Act of Parliament. Governed by the Life Insurance Corporation Act, 1956, every LIC policy is guaranteed by the government. Explaining the rationale for divesting the government’s stake in LIC, Ms. Sitharaman said that listing would bring discipline while giving retail investors an opportunity to participate in wealth creation. What is the implication for policyholders? Before the...

Govt nudges LIC to tweak product strategy for better investor return, Mint

Govt nudges LIC to tweak product strategy for better investor return 1 min read . Updated: 26 Oct 2022, 02:57 PM IST Livemint A man exits the office of the state-owned insurance group and investment company Life Insurance Corporation (LIC) in New Delhi (AFP) The country's largest insurer, Life Insurance Corporation ( LIC ) has been trading below the issue price of ₹ 949 per share since its listing on stock exchanges on May 17. It listed at ₹ 872 apiece on NSE. On Tuesday, the scrip settled at ₹ 595.50, down 0.72 per cent over the previous close. Foreign brokerages, however, remain bullish on LIC setting a higher target price over the next year as they feel that the insurer has good...

LIC needs more efforts to be true market player: Tuhin Kanta Pandey- The New Indian Express

NEW DELHI: In a bid to prove itself as a true market player, Life Insurance Corporation (LIC) will have to do many fresh things from a long-term perspective and the management needs to strategise for the next twenty years, Tuhin Kanta Pandey, Secretary at the Department of Investment and Public Asset Management (DIPAM), said on Friday. He said that the actual work starts after the listing process and it needs to redouble efforts to show itself as a true market player. “It’s a competitive world. Whether its investments, their portfolios, mix of their policies, margins, human resource … they need to keep doing things. The work actually begins after listing. Listing isn’t an end itself,”...

LIC VALUATION BASED ON EMBEDDED VALUE

Investors must remember market rewards good performance Life Insurance Corporation of India came up with its mega initial public offering (IPO) in the month of May to mobilize more than `20,000 crore. The government offloaded its stake to the extent of 3.5 per cent (22.13 crore shares). The issue price was `949 and the LIC of India was making a tall claim that its valuation is much more based on the embedded value, which is normally applied while valuing insurance business all over the world. But the issue price was steep high when compared with other Insurance companies based on the basis of book value and earnings per share. The market price is hovering around `620 of LIC now. In an...

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...

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...

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...

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...

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...

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...