Life Insurance Corporation Of India
Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
What Life files
- Important119
- Others94
- Updates54
- Investor Meet18
- Board Meeting6
- PPTs6
Life Insurance Corporation of India is engaging with institutional investors at upcoming forums, including Jefferies India Forum, Anand Rathi Summit, and J P Morgan Conference. Management will present its latest corporate presentation, providing key strategic updates for stakeholders.
LIC launches two new domestic market products: Bima Platinum, a savings plan, and Jeevan Raksha, a pure risk plan. This broadens its offerings, potentially impacting future premium income.
Life Insurance Corporation Of India has informed the Exchange about the cessation of Senior Management Personnel.
LIC invested Rs. 5000 crore by subscribing to 500,000 NCDs of Bajaj Finance. These funds will boost Bajaj Finance's long-term resources for financing and general business operations.
LICI's post-OFS shareholding shows promoters hold 90% (11,384.91 Cr shares), with the public owning 10% (1,265.08 Cr shares). Foreign ownership is currently 1.23% against a 20% limit, suggesting substantial room for global institutional interest.