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LIC ACT AMENDMENTS
India notifies 100% foreign investment in insurance sector, LIC limit stays at 20%The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign...- LIC says insurance amendment to increase coverageParliament's amendments to insurance laws aim to boost coverage, enhance policyholder protection, and strengthen regulatory oversight, alig...
- Insurance reforms set India on path to universal coverage by 2047: R DoraiswamyIndia's Insurance Act Amendment Bill, 'Sabka Bima Sabki Raksha,' aims for a structural overhaul of the insurance sector, including amendmen...
- LIC may look at composite licence after passage of Insurance Laws (Amendment) BillThe proposed amendments suggest that the minimum paid up capital be specified by the Insurance Regulatory and Development Authority of Indi...
- SC refuses to grant interim relief on pleas seeking stay on LIC IPO share allotmentThe Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a ba...
- FEMA rejig clears decks for 20% FDI in LICFEMA notification was required to operationalise provisions DPIIT issued through press note including FDI policy changes that will allow la...
- Govt may not need to amend any law for permitting foreign participation in LIC IPOApart from the government and Reserve Bank, foreign investment in the insurance sector is also regulated by the Insurance Act, IRDA Act and...
- India puts checks in place for LIC, foreign holding may be capped at 20%The country’s biggest life insurer is expected to make its initial public offer (IPO) later this year. Expected to be the biggest ever in t...
- LIC to have Chief Executive Officer, Managing Director; government does away with Chairman postCompanies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their sh...
- LIC IPO: Govt likely to invite bids from merchant bankers this monthThe government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to lau...
- LIC IPO may spill over to next fiscalDIPAM Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages and only after the four stages converge, then a ...
- Government evaluates option to list LIC abroadThe government has already announced its intent for an initial public offer (IPO) by the insurance giant, while also amending the Companies...
- Two things about Modi's LIC move leave many MPs curiousThe FM said in her budget speech that the govt proposes to sell a part of its holding in LIC through an IPO.
- ET View: List Life Insurance Corporation swiftlyLIC's value will also help put govt finances in better shape & create a level playing field in insurance.
- LIC-IDBI Bank: Not an easy ride to deal closureIrdai approval is subject to RBI and Sebi approvals,” said a senior Irdai official, on condition of anonymity.
- IRDA levels playing field for private insurance companiesInsurance regulator IRDA, last week, flagged off the reform process in state-owned Life Insurance Corporation (LIC) to provide a level play...
- Govt guarantee on LIC policies to continueLife Insurance Corporation’s (LIC) 16 crore policyholders can heave a sigh of relief with the government planning to continue with its guar...
- LIC may seek fresh equity to meet solvency normsLife Insurance Corporation of India (LIC) will seek fresh equity infusion from the Centre to meet its solvency margin norms.
- Irda wants Govt to revoke guarantee for LIC policiesIn its effort to ensure a level-playing field for private players in the insurance industry, the Irda has recommended that the government s...
- LIC faces Rs 7,000-cr solvency margin gapThe LIC will have to provide for an additional Rs 7,000 crore to meet mandated provisioning requirements over the next two financial years.
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