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...

Preparations done and all the loose ends have been tied up, the sources said, adding that DRHP can be filed either on Monday or Tuesday.

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...

Seven international bankers, including BNP Paribas, Citigroup Global Markets India and DSP Merrill Lynch Ltd (now known as BofA Securities)...

The government has cleared the decks for the IPO of state-owned Life Insurance Corp (LIC) of India, likely to be the country’s biggest such...

The Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insure...

The government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to lau...

The firm was chosen from three in the race including EY Actuarial Services and Willis Towers Watson Actuarial Advisory.

EY Actuarial Services, Milliman Advisors and Willis Towers Watson actuarial advisory are in race for being appointed as the actuarial firm ...

The firms have made presentations to the government on Thursday, following which financial bids have been opened.

Valued on the basis of its AUM, LIC would have a market cap of Rs 55 lakh crore.

Courts have intervened for covering hitherto excluded illnesses like HIV, mental ailments and congenital defects.

Today, life insurance companies are trading at 3-5 times the multiple of embedded value.

After demonitisation, banks have been flushed with funds. As interest rates are coming down, people are investing in mutual funds post demo...

But in the case of insurance, a host of issues are queering the pitch for arriving at a value appropriate for a stake sale.

A report by Milliman noted that the joint venture structure is a stumbling block for partners to arrive at a consensus on valuation.

Nine out of ten frauds in country's insurance sector occur in the mediclaim policy segment, say experts.