LIC has in recent years been a key buyer of shares in state-owned firms sold off by the Government, often bailing out less-than-successful public issues of shares LIC has in recent years been a key buyer of shares in state-owned firms sold off by the Government, often bailing out less-than-successful public issues of shares Prospective … Read more
The government is eyeing a valuation of over Rs 13 lakh crore to Rs 14 lakh crore for state-run Life Insurance Corporation of India (LIC). Although a final decision has not been sealed yet. While several numbers are floating in the market in the run-up to the country’s largest public issue, it is learnt that … Read more
Life insurers’ collective new business premium income stayed nearly flat from a year ago at Rs 24,466.46 crore in December 2021, data from Irdai showed on Friday. The new business premium, or the first year premium, of 24 life insurance companies had stood at Rs 24,383.42 crore in December 2020. IPO-bound insurance behemoth LIC, however, … Read more
The Assets Under Management (AUMs) of the IPO-bound Life Insurance Corporation of India (LIC) more than doubled to ₹36.7 trillion on a standalone basis in FY21 from ₹16.18 trillion in the previous year, according to officials privy to presentations made to potential investors. AUMs comprise investments made by the behemoth and assets held to cover … Read more
The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and the preparatory work is still far from complete. There are still some issues that need to be addressed … Read more
HDFC Life has been an under performer for last 2 years – in October 2019 it reached a high of Rs 644 and is currently trading at a price of about Rs 690. There are multiple reasons for the underperformance including Covid related concerns on the life insurance business as well as factors specific to … Read more
Standard Life has sold 5% of HDFC Asset Management Company (HAMC) for Rs 3,061 crore. Key points to note – Standard has been a relentless seller in both HAMC as well as HDFC Life Insurance Company (HLIC). In HLIC, it reduced it’s stake from 29.28% in September 2018 to 3.89% in June 2021, whereas in … Read more
India’s plans to list state-run Life Insurance Corporation (LIC) face an unusual problem: domestic law firms are shying away from advising the government, deterred by the low fees on offer at the time of a lucrative boom in corporate stock listings. With millions of policyholders and a share of 66% of new premium collections in … Read more