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 has urged the government to implement tax and regulatory changes in the upcoming budget to boost policy sales and insurer margins. Key ...

Life 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 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...

In a stock exchange filing, the insurance giant said the Department of Economic Affairs, Ministry of Finance, in a memorandum dated Decembe...

In 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...

At present, the government and LIC are categorised as promoters. They would need approvals for the reclassification of their shareholding s...

In 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...

The 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...

Separately, the Reserve Bank of India (RBI) has, however, rejected LIC's request to allow non-banking finance companies (NBFCs) to lend mor...

The state-owned insurer may have to deposit ₹500-800 crore or more with exchanges, said people with direct knowledge of the matter. Accordi...

Adoption of new income-tax regime would not be rapid, said Jiten Parmar.

On 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 intends to increase its stake in IDBI Bank to 51 per cent.

According to Sathe, LIC is free to chart its investment strategy which is not influenced by the insurance regulator.

In normal times the Rs 12 lakh-crore Life Insurance Corporation of India, the country’s largest financial institution , supports nearly 40%...

IRDA has sought clarification from LIC on claims of tax exemption for the insurers' unit-linked health insurance policy (ULIP). Investment ...