Latest News, Updates & Breaking Headlines
MUMBAI: Life Insurance Corporation will soon take measures to increase the yield on its real estate assets, which have a book value of Rs 16,000 crore post-revaluation and a market value of over Rs 45,000 crore. Officials said that while real estate typically yields 3-4%, the capital gains are much higher. The corporation has also…
State-run Life Insurance Corporation of India (LIC) reported a 17% year-on-year rise in consolidated net profit at Rs 12,930 crore for the December quarter, compared with Rs 11,008 crore in the same period last year.The country’s largest life insurer reported net premium income of Rs 1.26 lakh crore in Q3FY26, up 17% from Rs 1.07…
The government is considering further dilution of its holding in Life Insurance Corporation (LIC) through a follow-on public offering in the next financial year, as it moves towards meeting minimum public shareholding norms, PTI reported.Financial Services Secretary M Nagaraju said the process will be gradual and linked to market conditions, with the Department of Investment…
MADURAI: What was passed off as a fire accident in the LIC building in Madurai, which killed a woman officer last month, has turned out to be a pre-planned murder by her colleague. Late on Monday night, police arrested assistant administrative officer D Ram, 46, for setting afire senior branch manager A Kalyani Nambi, 54,…
Financial Services Secretary M Nagaraju has asked the Life Insurance Corporation of India (LIC) to sustain its push on digital marketing and a mobile-first strategy to help achieve the national objective of “insurance for all”.Speaking at LIC’s strategy meet in Mumbai, Nagaraju said the insurer’s expanding digital outreach would be critical to widening coverage and…
Insurance behemoth Life Insurance Corporation of India (LIC) on Friday announced the launch of a two-month-long campaign for the revival of individual lapsed policies. This special drive, to be carried out from January 1 to March 2, 2026, is extended to all non-linked policies with a very attractive concession in late fee. Concession is being…
India’s largest institutional investor, Life Insurance Corporation of India (LIC), has seen the value of its investment in ITC erode by Rs 10,445 crore over just two sessions, after the FMCG major’s shares plunged sharply following a steep hike in cigarette duties, ET reported.LIC held a 15.86 per cent stake in ITC, equivalent to about…
Representative image (AI) LIC Housing Finance has announced a reduction in its home loan interest rates, providing fresh relief to homebuyers. The lender has lowered the starting rate on new home loans to 7.15%.The revised rates are linked to the borrower’s CIBIL score, with customers having a score of 825 or above eligible for the…
The Union Cabinet on Friday approved a bill to raise the foreign direct investment (FDI) cap in the insurance sector to 100 per cent, a major change aimed at deepening insurance penetration and accelerating sectoral growth, PTI reported citing sources.The proposed legislation — the Insurance Laws (Amendment) Bill, 2025 — is among 13 bills listed…
MUMBAI: Life Insurance Corporation of India (LIC) reported a 31.9% rise in net profit to Rs. 10,053 crore for the quarter ended Sept 30, 2025, compared with Rs. 7,621 crore in the same period last year, driven by higher premium income, stronger investment returns, and lower operating costs.Total income grew 4.4% to Rs. 2,39,614 crore…
