June 17, 2024 02:50 (IST)
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After his 'Lord Ram' taunt on BJP creates uproar, RSS leader makes a U-turn | NDA govt formed by mistake, can fall anytime: Congress chief Mallikarjun Kharge's claim | PM Modi returns to India after 'successful completion of G7 Outreach Summit' in Italy | Delhi LG approves prosecution of Arundhati Roy, Sheikh Showkat Hussain in 2010 provocative speech case | BS Yediyurappa, accused of harassing minor, can't be arrested till next hearing: Karnataka HC

LIC fires employee banned by SEBI in front-running case

Mumbai: Insurance behemoth Life Insurance Corporation of India (LIC), a government-owned entity, said on Wednesday that it terminated the employment of a worker banned by the Securities & Exchange Board of India (SEBI) for involvement in a front-running incident, according to a stock market filing.

LIC hikes employee salaries; to benefit 1,10,000 workers

The Centre has approved wage revision of LIC employees with effect from 01/08/2022, benefiting more than 1,10,000 LIC employees, a press release said on Friday.

LIC introduces Amritbaal, a policy to help parents save for their children's future

Mumbai: The Life Insurance Corporation (LIC) unveiled a new product Amritbaal on Saturday. The new offering was launched by Financial Services Secretary Dr. Vivek Joshi.

LIC receives tax refund of Rs 21,740 cr from IT Dept

Mumbai: The Life Insurance Corporation of India (LIC) on Friday said that it had received a tax refund amounting to Rs 21,740.77 crore from the Income Tax Department for the assessment years spanning from 2013 to 2020.

LIC Q3FY24: Profit grows 49% YoY to Rs 9,441 cr

Mumbai: The Life Insurance Corporation (LIC) of India announced a 49 percent surge in net profit to Rs 9,441 crore for the October-December quarter of the fiscal year 2023-24, an increase from the Rs 6,334 crore reported in the same period last year.

LIC Q2FY24 profit DROPS 50% to Rs 15,952 cr

Mumbai: Life Insurance Corporation (LIC) of India declared a 50 percent decrease in net profit, amounting to Rs 7,925 crore, for the quarter ending on September 30, 2023. This marks a massive drop from the net profit of Rs 15,952 crore reported during the corresponding period last year.

LIC gets notice to pay Rs 290 cr GST with interest and fine

New Delhi: The Life Insurance Corporation of India (LIC) has received an order under the BGST and CGST Act 2017 from the Additional Commissioner State Tax of Bihar, demanding Rs 290 crore in goods and service tax, along with interest and penalty, ET reported.

Govt approves welfare measures for LIC agents, staff

New Delhi: The Union Finance Ministry on Monday approved various welfare measures for LIC (Life Insurance Corporation) agents and employees.

LIC increases equity stake in Tech Mahindra to 8.8%

Mumbai: Life Insurance Corporation of India (LIC), the largest insurance company in India, has raised its ownership stake in Tech Mahindra, an IT services provider, through open market transactions.

Sat Pal Bhanoo and R Doraiswamy recommended for the role of LIC MD

Mumbai: The Financial Services Institutions Bureau (FSIB) has put forth the names of Sat Pal Bhanoo and R Doraiswamy as its recommendations for the role of Managing Director at LIC of India, Moneycontrol reported.

Odisha train accident: IRDAI orders insurance companies to settle insurance claims suo moto

Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurance companies to proactively initiate the settlement of claims for the victims of the Odisha train tragedy, The Economic Times (ET) reported.

LIC Q4FY23 profit leaps 466% to Rs 13,427.8 cr

Mumbai: Life Insurance Corporation of India (LIC) Wednesday reported a Q4FY23 standalone net profit of Rs 13,427.8 crore, marking a growth of 466 percent compared to the same period in the previous fiscal year.

After rout in Adani stocks, LIC likely to cap exposure in companies: Report

Mumbai: After $100 billion erosion in Adani stocks in the wake of Hindenburg Research’s negative report, the Life Insurance Corporation (LIC) is mulling its debt and equity exposure limit to companies, according to a media report.

CCI approves LIC MF arm's acquisition of IDBI MF

New Delhi/IBNS: The Competition Commission of India (CCI) has approved the proposed acquisition of the management rights over the schemes of IDBI MF from IDBI Asset Management Limited by the LIC Mutual Fund Asset Management Ltd.

Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report

Mumbai: The Centre has appointed Siddhartha Mohanty as the interim chairman of the Life Insurance Corporation of India (LIC) for a three months period, starting March 14, according to CNBC.