LIC Housing Finance home loan interest rate hiked again - check new rates

LIC Housing Finance has increased prime lending rate on home loans by 50 basis points. Interest rate for up to Rs 15 crore for salaried and professionals will be 8.05 per cent. For those with Cibil score above 800, home loan interest rate will be 8%. LIC housing finance will offer home loan for more than Rs 5 crores.
#LICHousingFinance #News #Business #PersonalFinance


2 days ago

LIC launched New Pension Plus scheme, check premiums & more details

New Pension Plus was launched by LIC of India on September 5. The plan is available for purchase as a regular premium payment or as a single premium payment policy. Under the regular payment option, the premium will be paid over the course of the insurance. People have to pay a premium as a one-time payment in the single premium policy.
#LICofIndia #NewPen #Plus #News #Business #PersonalFinance


2 weeks ago

LIC mulls to raise market share in non-participating business: Chairman

The state-owned life insurer offers 17 individual participating products, 17 individual non-participating products, 11 group products and 7 products with rider benefits. LIC is mulling to raise its market share in non-par business.
#LIC #News #Business #Markets


3 weeks ago

LIC intends to raise market share in non-participating biz, diversify channel mix: Chairman

The state-owned life insurer offers 17 individual participating products, 17 individual non-participating products, 11 group products and 7 products with rider benefits. LIC chairman says it intends to increase its market share of non-par business as well as diversify the channel mix.
#LIC #News #Business #Markets


3 weeks ago

LIC intends to raise market share in non-participating business, diversify channel mix: Chairman

Country's largest insurer LIC intends to raise its market share in non-participating insurance products as well as diversify the channel mix. The state-owned life insurer has a market share of 65 per cent. The insurer reported increase of nearly 40 per cent in its standalone net profit at Rs 4,043 crore in 2021-22.
#LIC #News #Business #Markets


3 weeks ago

LIC intends to raise market share in non-participating biz: Chairman

The state-owned life insurer has a market share of 65%. It offers 17 individual participating products, 17 individual non-participating products, 11 group products and 7 products with rider benefits. A pure term life insurance policy does not offer any bonuses or add-ons.
#LIC #News #Business #Markets


3 weeks ago

Lic: LIC intends to raise market share in non-participating biz, diversify channel mix: Chairman - The Economic Times

Country's largest insurer plans to raise market share in non-participating insurance products as well as diversify channel mix. The state-owned life insurer offers 17 individual participating products and 11 group products. The insurer reported increase of nearly 40 per cent in its standalone net profit at Rs 4,043 crore in 2021-22.
#LIC #News #Business #Markets


3 weeks ago

Stocks to Syrma SGS, HDFC Bank, IOC, Titan, LIC

The IPO consisted of a fresh issue of equity shares aggregating to 766 crore. A bid for sale (OFS) of up to 3,369,360 equity shares will be listed in the list of 'B' group of securities. State-run Indian oil Corporation (IOC) aims to achieve net zero carbon emission target by 2046.
#IndianoilCorporation #News #Business #Markets


4 weeks ago

LIC Housing Finance hikes lending rates by 50 basis points

LIC Housing Prime Lending Rate (LHPLR) has been increased by 50 basis points or 0.50 per cent with effect from 22nd August 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month.
#LIC #News #Business #PersonalFinance


1 months ago

LIC adds ₹1,983 cr

Life Insurance Corporation said it had offloaded its stake in Siemens and rating firm ICRA for more than ₹1,983 crore. This translates into LIC getting over � $1,947.81 crore by selling shares of the heavy electrical equipment maker. The scrip of Siemens ended 1.03% lower at � 2,686.15, while ICRA stock closed 0.17% up.
#LifeInsuranceCorporation #Finance #Insurance


2 months ago

Embedded value of LIC rises to ₹5.41 lakh crore

Board approves report by Milliman Advisors on embedded value. Indian Embedded Value (IEV) of Life Insurance Corporation of India (LIC) as on March 31, 2022, has been determined at ₹5,41,492 crore compared with � 95,605 crore.
#MillimanAdvisors #Indian #Finance #Insurance


2 months ago

Embedded value of LIC rises to ₹5.41 lakh crore

Board approves report by Milliman Advisors on embedded value. Indian Embedded Value (IEV) of Life Insurance Corporation of India (LIC) as on March 31, 2022, has been determined at ₹5,41,492 crore compared with � 95,605 crore.
#MillimanAdvisors #Indian #Finance #Insurance


2 months ago

LIC To Pay Dividend Soon; Know Record Date, Dividend Amount, Other Details

India’s biggest insurer announced a dividend of Rs 1.50 per share with a face value of Rs 10 each. The company has now fixed the record date for the payout of its first dividend. The first Annual General Meeting will be held on September 27, 2022.
#LIC #India #Finance #Insurance


2 months ago

New LIC Policy Gives You Benefits Worth Rs 22 Lakh After Maturity; Check Details

The Life Insurance Corporation, or LIC, of India is one of the go-to options for Indians. The corporation, backed by the government has an array of insurance plans for people of almost all ages and categories. The LIC Dhan Sanchay policy is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan which offers a combination of protection and savings.
#LifeInsuranceCorporation #Indians #Finance #Insurance


2 months ago

LIC says govt nominee Pankaj Jain ceases to be director on board

Pankaj Jain has ceased to be the director of the company with effect from July 4. The new director nominated by the government is Suchindra Mishra. On Wednesday, scrip of closed nearly flat at Rs 703.05 apiece on BSE.
#PankajJain #LIC #BSE #Finance #Insurance


2 months ago

LIC dividend: Insurer fixes record date for payment; check details

The insurance behemoth announced a dividend of Rs 1.50 per share with a face value of Rs 10 each on May 31. The record date for dividend payment will be August 26, 2022. The company’s first Annual General Meeting will be held on September 27, 2022.
#LIC #Finance #Insurance


2 months ago

LIC Shares Surge Over 2% Today; Analysts See Up To 20% Further Returns

Life Insurance Corporation shares surged in early trade after brokerage firm Motilal Oswal gave the insurance behemoth a 'Buy' rating. The brokerage house has initiated coverage on LIC shares with a ‘Buy’ rating and a target price of Rs 830 apiece. Key downside risks include a slow ramp up of individual Protection and Non-par savings.
#LIC #Finance #Investing #BusinessIndustrial


2 months ago

Stocks to Watch Today: Tata Steel, Vedanta, Adani Enterprises, LIC and Others

The market started off the week on a positive note with the benchmark indices rising more than half a per cent in the previous session. The BSE Sensex climbed 327 points to 53,235, while the Nifty50 rose 83 points to 15,835. The cast metal aluminium production at smelters rose by 3 per cent YoY to 5.65 lakh tonnes.
#TataSteel #Finance #Investing


2 months ago

LIC to hold first AGM on Sept 27 via video-conference, other AV means

Insurance behemoth, (LIC) will hold its first annual general meeting on September 27, 2022 via video conferencing and other audio visual means. The board of the insurance behemoth also approved the record date for dividend payment as August 26. It also gave a go-ahead for investing in the proposed rights issue of LIC (Nepal) Ltd worth NPR 127.07 crore (INR 80.67 Crore)
#LIC #Nepal #Finance #Insurance


2 months ago

Three of Top 10 Firms Lose Rs 73,630 Crore in Market Capitalisation

The combined market valuation of three of the 10 most valued domestic firms eroded by Rs 73,630.56 crore last week. While HUL and ICICI Bank were the other laggards from the top-10 pack, TCS, HDFC Bank, Infosys, LIC, SBI and Bharti Airtel were the gainers.
#HUL #BusinessIndustrial #Finance #News


2 months ago