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LIC EXEMPTION
Life insurers' premium income up 19% in Apr-MayLife insurance premiums surged 19% to ₹62,581 crore in April-May, fueled by strong individual policy sales and improved retail demand post-...- India insurers seek doubling of tax-free limit for some products to boost inflows, sources sayIndian life insurers are asking the government to double the tax-free limit for insurance policies. This move aims to increase money flowin...
- Life insurers log 16% premium growth in FY26 on GST relief, shift to high-margin productsIndia’s life insurance industry recorded a 16% rise in new business premiums to ₹4.59 lakh crore in FY26, driven by GST exemption benefits,...
- RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classifi...
- LIC seeks GST relief, tax-free premium hike to boost salesLIC has urged the government to implement tax and regulatory changes in the upcoming budget to boost policy sales and insurer margins. Key ...
- LIC Q2 net rises 31% on business growth, higher marginsLife Insurance Corp, or LIC, saw its September quarter profit jump 31% to over ₹10,000 crore. This growth was fueled by its core business a...
- LIC shares zoom 7% as OFS overhang eases after Finance Ministry exemptionLIC IPO investors are still sitting at a loss as the stock is trading 13.6% below its issue price of Rs 949. However, in the last few weeks...
- LIC granted 10 years to comply with 25% public shareholding normsIn a stock exchange filing, the insurance giant said the Department of Economic Affairs, Ministry of Finance, in a memorandum dated Decembe...
- LIC gets time till 2032 to follow 25% public shareholding ruleIn May 2022, the government had sold 3.5% stake in LIC IPO, which was an entirely (offer for sale) worth around Rs 21,000 crore. It remains...
- IDBI stake sale: Govt seeks easing of public holding ruleAt present, the government and LIC are categorised as promoters. They would need approvals for the reclassification of their shareholding s...
- Income from property rented out: GST AAR makes an important rulingIn its ruling, the AAR held that GST exemption is provided by the nature of the property and its usage and not by the status of the recipie...
- FinMin, Sebi to take call on relaxation in LIC meeting minimum public holding norm: DIPAM SecyThe government is selling over 22.13 crore shares in LIC at a price band of Rs 902-949 apiece in the initial public offering, which opens o...
- Govt's 3.5% stake sale plan in LIC gets Sebi approvalSeparately, the Reserve Bank of India (RBI) has, however, rejected LIC's request to allow non-banking finance companies (NBFCs) to lend mor...
- LIC seeks exemption from Sebi on deposit norm for upcoming IPOThe state-owned insurer may have to deposit ₹500-800 crore or more with exchanges, said people with direct knowledge of the matter. Accordi...
- New I-T regime likely to prove value-dilutive for LIC IPO planAdoption of new income-tax regime would not be rapid, said Jiten Parmar.
- LIC yet to seek open offer exemption for IDBI takeover: SebiOn July 16, the board of the national insurer had accepted the forced takeover of the bank, which has been under the prompt corrective acti...
- LIC board explores open offer for IDBI BankLIC intends to increase its stake in IDBI Bank to 51 per cent.
- Irda nod to LIC-IDBI deal based on merit, says officialAccording to Sathe, LIC is free to chart its investment strategy which is not influenced by the insurance regulator.
- LIC not a day trader, but a long-term player: DK Mehrotra Acting Chairman, LICIn normal times the Rs 12 lakh-crore Life Insurance Corporation of India, the country’s largest financial institution , supports nearly 40%...
- Life Insurance Corp's health plan may hit tax hurdleIRDA has sought clarification from LIC on claims of tax exemption for the insurers' unit-linked health insurance policy (ULIP). Investment ...
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