LIC Housing Finance looks at securitisation of Rs 5,000 crore loan

Last Updated: Saturday, September 12, 2015, 15:48

Simply put securitisation of loan is selling the loan portfolio to a buyer for a consideration. The loan book that thus sold will not figure in the balance sheet of the seller.

LIC Housing Finance to raise up to Rs 47,000 crore

Last Updated: Monday, September 7, 2015, 20:47

LIC Housing Finance Ltd (LHFL) Monday it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis.

LIC taking advantage of market fall, buying stocks: Chairman

Last Updated: Monday, September 7, 2015, 20:46

The recent fall in stock markets is a good buying opportunity for long-term investors, and LIC has been been buying stocks, said its Chairman S K Roy Monday.

LIC eyes increasing market share in policies, first premium

Last Updated: Wednesday, August 19, 2015, 22:07

Life Insurance Corporation (LIC) has set a target to achieve 85 percent of its market share in terms of policies and 80 percent in terms of first premium by the end of the current fiscal.

LIC to launch maiden ULIP product on Wednesday

Last Updated: Tuesday, August 18, 2015, 14:35

Endowment Plus, a unit linked insurance plan (ULIP) will offer investment cum insurance during the term policy and provide due benefit of risk cover and benefits of investment markets, LIC Senior Divisional Manager, Nagpur, R Chander said on Tuesday.

Govt examining proposal to raise Rs 40K cr via bonds from LIC

Last Updated: Tuesday, August 4, 2015, 16:16

Faced with severe shortage of funds to meet the food subsidy bill, the government today said it is examining a proposal to raise Rs 40,000 crore via long-term bonds from LIC to liquidate the subsidy arrears.

LIC nets 15% gains from equity play at Rs 24,373 cr in FY15

Last Updated: Sunday, August 2, 2015, 15:15

In spite of mounting regulatory glare and analyst criticism, state-run financial sector powerhouse LIC has reaped rich returns from its equity market play in the last fiscal with 15 percent gains at Rs 24,373 crore.

Life insurers total assets up 17% in FY15, new premium down

Last Updated: Wednesday, July 15, 2015, 20:46

The life insurance sector, consisting of 24 companies led by state-owned LIC, had seen its total new premium fall by 6 per cent to Rs 1,13,140 crore in 2014-15 from Rs 1,20,162 crore in 2013-14.

Life insurance premiums jump 24% in April-May

Last Updated: Friday, July 10, 2015, 20:19

LIC made a smart recovery with a 21 per cent growth in total premium mop-up at Rs 9,384 crore in the said period. The Corporation's business stood at Rs 7,757 crore in the year-ago period.

LIC targets 3 cr new policy sales this year, Q1 premia up 31%

Last Updated: Sunday, July 5, 2015, 15:17

Life Insurance Corporation, which has seen its market share steeply falling below the 70 per cent mark last fiscal for the first time, has set an ambitious target of selling as many as 3 crore new policies worth around Rs 31,000 crore this fiscal year.