The group of ministers tasked with decisions relating to strategic disinvestment is expected to soon consider the pricing of LIC's initial ...

Last date for a policyholder to update his or her PAN was before February 28, 2022. Individuals who update their PAN after the deadline wil...

All policies other than group policies qualify for Bidding in the Policyholder Reservation Portion. The total number of reservations for el...

Many policyholders may be interested in applying for allotment in the IPO. However, not all LIC policyholders will be eligible to apply via...

NRI policyholders or other policyholders residing out of India cannot apply under Policyholder Reservation Portion. Here what NRIs who want...

To be eligible for reservation under the Policyholder Reservation Portion category, the policy should have been issued on or before the dat...

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employe...

IDBI Bank became a subsidiary of LIC with effect from January 21, 2019 following the acquisition of an additional 827,590,885 equity shares...

The life insurer's draft red herring prospectus (DRHP) suggests it is the eighth largest life insurer in terms of assets globally, with tot...

The issue is completely an offer for sale of 31,62,49,885 equity shares by the promoter, which holds a 100 per cent stake in the insurance ...

The government is yet to clarify how much money it wishes to earn from selling shares in the insurers. Though it will be selling 31,62,49,8...

According to ET NOW sources, the government is likely to sell a 5-7 per cent stake in the IPO, to raise as much as Rs 65,000-75,000 crore f...

LIC last month appointed six independent directors on its board to meet regulatory norms of corporate governance. LIC appointed former fina...

India allows foreign direct investment (FDI) up to 74% in the insurance sector, but this does not apply to LIC, which is governed by the LI...

Life Insurance Corporation (LIC) will soon reach out to insurance regulator the Insurance Regulatory and Development Authority of India (IR...

Life Insurance Corporation of India is preparing its financial results for the December quarter and data on assets under management, as the...

Since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign...