Lic news

LIC (Life Insurance Corporation of India) is a popular insurance company in India. Here are some recent news updates about LIC:

Recent News:

  1. LIC's IPO: Life Insurance Corporation of India (LIC) is planning to launch its initial public offering (IPO) in the next few months. The IPO is expected to be one of the largest in Indian history, with a valuation of around ₹13 lakh crore (approximately $175 billion).
  2. LIC's Q4 Results: LIC has reported a net profit of ₹1,784 crore (approximately $240 million) for the quarter ended March 2022, a growth of 14% year-on-year.
  3. LIC's New Business: LIC has reported a new business premium of ₹1,34,444 crore (approximately $18 billion) for the financial year 2021-22, a growth of 14% year-on-year.
  4. LIC's Investment: LIC has invested ₹1,23,000 crore (approximately $16.5 billion) in the Indian government's securities, including bonds and treasury bills, in the financial year 2021-22.
  5. LIC's Digital Initiatives: LIC has launched several digital initiatives, including a mobile app and a website, to improve customer experience and increase online transactions.
  6. LIC's Partnerships: LIC has partnered with various companies, including banks and fintech firms, to offer its products and services to a wider audience.
  7. LIC's Employee Benefits: LIC has introduced several employee benefits, including a voluntary retirement scheme and a group insurance scheme, to attract and retain talent.

Upcoming Events:

  1. LIC's AGM: LIC's annual general meeting (AGM) is scheduled to be held in August 2022, where the company is expected to discuss its financial performance and future plans.
  2. LIC's IPO: The IPO of LIC is expected to be launched in the next few months, with the company planning to raise funds to expand its business and improve its financial performance.

Recent Developments:

  1. LIC's Acquisition: LIC has acquired a 51% stake in IDBI Federal Life Insurance Company, a joint venture between IDBI Bank and Federal Bank.
  2. LIC's Merger: LIC has merged its two subsidiaries, LIC Housing Finance and LIC Pension Fund, to create a single entity.
  3. LIC's Regulatory Changes: The Indian government has introduced several regulatory changes to improve the insurance sector, including the introduction of a new insurance law and changes to the tax regime.

These are some of the recent news updates about LIC. If you have any specific questions or would like more information, feel free to ask!