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LIC 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 notifies hike in gratuity limit to Rs 5 lakh for its agentsThe Finance Ministry in September had approved a series of welfare measures, including enhancement of the gratuity limit and family pension...
- 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...
- Cabinet approves up to 20% FDI in IPO bound LIC: ReportIndia's biggest insurance company plans to float a stake of 5% to raise about $8 billion next month for the south Asian nation's largest in...
- 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...
- 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...
- Govt extends retirement age of LIC chairman to 62 yearsThe changes made in the rules will be called the Life Insurance Corporation of India (Staff) Amendment Rules, 2021, according to a governme...
- Hold an LIC policy? Smile! You will have a quota in the IPO"In the Finance Bill 2021-22, it has been proposed to have a reservation on a competitive basis, to an extent of up to 10 per cent of the i...
- 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.
- AIIEA asks Centre to withdraw LIC Amendment BillAIIEA has asked Centre to withdraw the proposed LIC Amendment Bill (2009 & Insurance Law Bill, failing which it would go on agitation
- LIC eyes a buyout in Australia or New ZealandFinancial sector juggernaut LIC is now on the look out for a potential buy abroad. The company is planning to use its massive cash reserve ...
- 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...
- 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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