Life Insurance Corporation of India

Photo: News18

LIC Likely To File Revised IPO Papers Soon

After a meeting slated for this week, the Life Insurance Corporation (LIC) board would finalize its results for the Fiscal Year 2022. The insurer is expected to file a revised public offer document this coming week and listing would be done by 12th May. Furthermore, the results, once approved, would be sent to the Insurance Regulatory and Development Authority of India (IRDAI), following which the revised document would be filed.

Wed, 13 Apr 2022 - 11:32 AM / by Varun Das

Tags: IPO, Life Insurance Corporation, Life insurance, business, Inflation

Courtesy: The Economic Times

LIC headquarters

Photo: The New Indian Express

SEBI Provides Market Approval For IPO To LIC India

Life Insurance Corporation Of India (LIC) finally gets their Initial Public Offer (IPO) approval from the Securities and Exchange Board of India (SEBI). This is fastest market approval given for IPO, in just 22 days, after the filing of the IPO draft by LIC. With this, LIC is going to put forward 31.62 crore equity shares under offer for sale (OFS) holding 5% of LIC equity shares.

Wed, 09 Mar 2022 - 07:45 PM / by Rupsa Debnath

Tags: LIC, Market regulator, SEBI, Life insurance, Life Insurance Corporation

Courtesy: ANI

 Cyril Amarchand Mangaldas selected Legal Advisor: LIC IPO

Photo: Business Today

Cyril Amarchand Mangaldas To Be The New Legal Advisor Of LIC IPO

The Department of Investment and Public Asset Management (DIPAM) has selected Cyril Amarchand Mangaldas for the role of legal advisor in IPO offer of LIC on September 26. Following the applications rolled out on July 15, the decision was made after four law firms showed interest. Firms including Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co presented their ideas to the board. 

Sun, 26 Sep 2021 - 09:35 PM / by Muskan Arora

Tags: Life insurance, LIC, DIPAM, IPOs, GOLDMAN SACHS

Courtesy: Mint

LIC

Photo: Zee News

India Might Consider Blocking China's Investment In LIC's IPO, As Per Sources

After a series of political tensions between India and China, the Government of India might be considering blocking China from investing in LIC's IPO. Life Insurance Corporation is a crucial financial institution of the country and it is believed that investment intervention from China might pose a risk to the security of the data. Reportedly, the Finance Ministry is looking out for options to prevent China from buying a stakeout.

Thu, 23 Sep 2021 - 05:58 PM / by Muskan Arora

Tags: Life insurance, INDIA CHINA BORDER ISSUE, india china face off, FINANCE MINISTRY

Courtesy: The Times Of India

isnure

Photo: Study .com

IRDAI Urges Insurers To Be Transparent In Health Insurance Claims

The insurance regulator IRDAI has instructed insurance companies to be more transparent and furnishes details in cases of denied claims. Laying stress on the policyholders of life insurance schemes, the regulator, under the new circular on 'Health Insurance Claim Settlement,' urged the companies to provide updates about cashless claims when needed. Besides, asking companies to avoid rejecting claims based on "presumptions and conjectures", … read-more

Sun, 21 Mar 2021 - 08:24 PM / by Ronit John

Tags: Life insurance, India, health care, Insurance, IRDAI

Courtesy: The Economic Times