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.

Edelweiss Financial Services shares surge over 4%

Last Updated: Wednesday, August 26, 2015, 13:05

Shares of Edelweiss Financial Services Wednesday surged over 4 percent, after its subsidiary Edelweiss Tokio Life Insurance got necessary approval from FIPB to increase its FDI cap.

LIC buys nearly 90% of Indian Oil's shares on offer

Last Updated: Tuesday, August 25, 2015, 20:10

State-owned Life Insurance Corp of India (LIC) has purchased nearly 90 percent of Indian Oil shares sold by the government in its Rs 9,379-crore disinvestment.

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.

SBI hopes to sell stakes in insurance units by year end

Last Updated: Tuesday, August 11, 2015, 21:55

State-run State Bank of India Tuesday said the valuation process for the stake sale in its insurance units has begun and the transaction is likely to be completed by the end of the year.

IRDAI slaps Rs 85 lakh on Reliance Life for violating norms

Last Updated: Friday, August 7, 2015, 22:43

Insurance sector regulator IRDAI has slapped a penalty of Rs 85 lakh on Reliance Life for violation of various norms, including outsourcing guidelines.

IRDAI asks life insurers to avoid delay in pension payment

Last Updated: Friday, August 7, 2015, 22:35

Insurance watchdog IRDAI has issued directive to life insurers to streamline process to ensure timely payment of pension to policyholders who have bought such products from them.

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 insurance market clocks 20% growth in first quarter

Last Updated: Sunday, July 19, 2015, 18:03

After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.

CCI clears deal involving Aegon's life insurance JV

Last Updated: Friday, July 17, 2015, 22:31

The Competition Commission has approved the proposed deal related to Aegon Religare Life Insurance Company that would see Religare Enterprises exiting the joint venture.