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"Had To Fill Gaps In LIC's Internal Systems Before IPO": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman today said that the there were gaps in the internal systems of the Life Insurance Corporation (LIC) before the public sector company's IPO.
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LIC Sells 2% Stake In NMDC, Bags Over Rs 700 Crore
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent as of March 14.
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Insurance Sector Needs Rs 50,000 Crore Capital Per Year For Growth: Regulator
Irdai's chief appealed to business conglomerates to channelise funds into the sector, saying the return on equity is at a healthy 14 per cent for life insurers and 16 per cent for non-life.
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Centre Seeks Private Sector Chief To Head LIC: Report
LIC: A private sector appointee to lead India's largest insurer, which manages 41 trillion rupees ($500.69 billion) in assets, would be a first in its 66-year history.
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HDFC Bank Set To Buy Nearly 10% Stake In This Firm
The country's largest private sector lender HDFC Bank on Thursday said it will pick up 9.94 per cent stake in Go Digit Life Insurance Ltd.
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LIC's Mega IPO Credit Positive For India's Life Insurance Sector: Moody's
Examining the impact of India's state-owned Life Insurance Corporation's IPO Moody's Investors Service on Thursday said that the public issue is credit positive for India's life insurance sector.
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Life Insurers Seek Separate Bucket For Premium, Tax-Free Annuity In Budget
The life insurance industry has recommended creation of a separate bucket for tax rebate under section 80 (C) and make annuity tax-free
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West Bengal Finance Minister Urges Centre To Desist From Privatising Insurance Firms
West Bengal Finance Minister has urged Union Finance Minister Nirmala Sitharaman not to go ahead with the privatisation of public insurance companies.
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Budget: Focus On Health, Farmers, Polls; Relief For Seniors Above 75
Finance Minister Nirmala Sitharaman, announcing Budget 2021 aimed at reviving an economy badly hit by the coronavirus pandemic, said the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that 35,000 crore would be spent on Covid vaccines. Capital expenditure will be increased to Rs 5.54 lakh crore, which is around 34 pe...
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Rs 25,000-Crore Realty Fund A Big Relief For Consumer, Builder: Experts
On Wednesday, Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in the Alternative Investment Fund (AIF) and the remaining amount will be provided jointly by State Bank of India (SBI) and Life Insurance Corporation (LIC).
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Centre Announces Rs 25,000-Crore Fund For Stalled Real Estate Projects: 10 Things To Know
The government on Wednesday announced a Rs. 25,000-crore special window for stalled real estate projects, in a move aimed at reviving the ailing sector and generating employment. Finance Minister Nirmala Sitharaman said the government will put in Rs. 10,000 crore in the Alternative Investment Fund (AIF) and the remaining amount will be provided joi...
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IDBI Bank Staff Seek Option To Shift To Other Private Sector Banks: Report
In January, the Life Insurance Corporation (LIC) completed the process of picking up a controlling 51 per cent stake in IDBI Bank.
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How LIC Aam Aadmi Bima Scheme (AABY) Works: Five Things To Know
Unorganised sector workers aged between 18 and 59 years can subscribe to the AABY scheme, which offers a cover of Rs 30,000, according to LIC. Eligible applicants can subscribed to the Aam Aadmi Bima scheme at an annual premium of Rs 200 per member, 50 per cent of which is subsidised from the Social Security Fund, the insurance major adds.
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Private Sector Insurance Players Report Soft Growth In May: Report
The growth softness was broadly led by ICICI Prudential Life, excluding which, private players grew 19%.
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Long-Term Capital Gains Tax Not To Apply To ULIPs
A few days after Arun Jaitley on Thursday announced the re-introduction of long term capital gains on equity during the Budget speech, market indices have been consistently declining. However, the Budget has been positive for the insurance sector, claim experts. A report released by the Nomura says that the newly inducted capital gains tax will not...
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"Had To Fill Gaps In LIC's Internal Systems Before IPO": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman today said that the there were gaps in the internal systems of the Life Insurance Corporation (LIC) before the public sector company's IPO.
-
LIC Sells 2% Stake In NMDC, Bags Over Rs 700 Crore
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent as of March 14.
-
Insurance Sector Needs Rs 50,000 Crore Capital Per Year For Growth: Regulator
Irdai's chief appealed to business conglomerates to channelise funds into the sector, saying the return on equity is at a healthy 14 per cent for life insurers and 16 per cent for non-life.
-
Centre Seeks Private Sector Chief To Head LIC: Report
LIC: A private sector appointee to lead India's largest insurer, which manages 41 trillion rupees ($500.69 billion) in assets, would be a first in its 66-year history.
-
HDFC Bank Set To Buy Nearly 10% Stake In This Firm
The country's largest private sector lender HDFC Bank on Thursday said it will pick up 9.94 per cent stake in Go Digit Life Insurance Ltd.
-
LIC's Mega IPO Credit Positive For India's Life Insurance Sector: Moody's
Examining the impact of India's state-owned Life Insurance Corporation's IPO Moody's Investors Service on Thursday said that the public issue is credit positive for India's life insurance sector.
-
Life Insurers Seek Separate Bucket For Premium, Tax-Free Annuity In Budget
The life insurance industry has recommended creation of a separate bucket for tax rebate under section 80 (C) and make annuity tax-free
-
West Bengal Finance Minister Urges Centre To Desist From Privatising Insurance Firms
West Bengal Finance Minister has urged Union Finance Minister Nirmala Sitharaman not to go ahead with the privatisation of public insurance companies.
-
Budget: Focus On Health, Farmers, Polls; Relief For Seniors Above 75
Finance Minister Nirmala Sitharaman, announcing Budget 2021 aimed at reviving an economy badly hit by the coronavirus pandemic, said the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that 35,000 crore would be spent on Covid vaccines. Capital expenditure will be increased to Rs 5.54 lakh crore, which is around 34 pe...
-
Rs 25,000-Crore Realty Fund A Big Relief For Consumer, Builder: Experts
On Wednesday, Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in the Alternative Investment Fund (AIF) and the remaining amount will be provided jointly by State Bank of India (SBI) and Life Insurance Corporation (LIC).
-
Centre Announces Rs 25,000-Crore Fund For Stalled Real Estate Projects: 10 Things To Know
The government on Wednesday announced a Rs. 25,000-crore special window for stalled real estate projects, in a move aimed at reviving the ailing sector and generating employment. Finance Minister Nirmala Sitharaman said the government will put in Rs. 10,000 crore in the Alternative Investment Fund (AIF) and the remaining amount will be provided joi...
-
IDBI Bank Staff Seek Option To Shift To Other Private Sector Banks: Report
In January, the Life Insurance Corporation (LIC) completed the process of picking up a controlling 51 per cent stake in IDBI Bank.
-
How LIC Aam Aadmi Bima Scheme (AABY) Works: Five Things To Know
Unorganised sector workers aged between 18 and 59 years can subscribe to the AABY scheme, which offers a cover of Rs 30,000, according to LIC. Eligible applicants can subscribed to the Aam Aadmi Bima scheme at an annual premium of Rs 200 per member, 50 per cent of which is subsidised from the Social Security Fund, the insurance major adds.
-
Private Sector Insurance Players Report Soft Growth In May: Report
The growth softness was broadly led by ICICI Prudential Life, excluding which, private players grew 19%.
-
Long-Term Capital Gains Tax Not To Apply To ULIPs
A few days after Arun Jaitley on Thursday announced the re-introduction of long term capital gains on equity during the Budget speech, market indices have been consistently declining. However, the Budget has been positive for the insurance sector, claim experts. A report released by the Nomura says that the newly inducted capital gains tax will not...
