Latest news about LIC of India
LIC of India
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More news about LIC of India
27May 26
Government Plans to Sell LIC Stake in June, Reports Bloomberg
The Indian government is reportedly planning to sell its stake in LIC of India in June, as per a Bloomberg report. The announcement signals a potential divestment in one of India's largest public sector insurers. No details regarding the stake size, transaction structure, or valuation have been disclosed in the available information.
23May 26
LIC Net VNB Margin rises to 21.2% in FY26
LIC reported strong growth in FY26, with Net VNB Margin rising to 21.2% and Net VNB reaching ₹14,179 crore. Adjusted Net Worth surged to ₹1,69,605 crore, while Indian Embedded Value increased to ₹7,89,185 crore. The Bima Sakhi Yojana appointed 3.45 lakh agents, contributing ₹2,848.36 crore in new business premium.
23May 26
LIC launches New Jeevan Sathi savings plans from June 1
Life Insurance Corporation of India has announced the launch of two new Non-Par, Non-Linked, Life, Individual, Savings Plans under the New Jeevan Sathi series, available for sale starting June 01, 2026, exclusively for the domestic market.
23May 26
LIC Attends Centrum Broking Virtual Conference
Life Insurance Corporation of India attended the Centrum Broking Ltd Flagship Virtual Conference on May 22, 2026. The management engaged with investors and analysts, confirming that no unpublished price sensitive information was disclosed. The corporate presentation is available on the company's official website.
22May 26
Life Insurance Corporation of India Records Rs. 15.84 Crores Block Trade on NSE at Rs. 819.60 Per Share
Life Insurance Corporation of India recorded a block trade on the NSE involving approximately 193,315 shares at Rs. 819.60 per share. The total value of the transaction stood at Rs. 15.84 crores. Such block trades are generally associated with institutional participation and large-scale portfolio activity.
19May 26
LIC Approves 1:1 Bonus Share Issue and Director Appointments
Life Insurance Corporation of India members approved all five resolutions via postal ballot, including a 1:1 bonus share issue capitalising ₹6324,99,77,010 from reserves. The company also secured approvals for the re-appointment of Independent Directors Shri Mahalingam G and Dr. V.S. Parthasarathy, and the appointment of Ms. Shalini Pandit as Government Nominee Director and Shri Ramakrishnan Chander as Managing Director.
15May 26
Life Insurance Corporation of India Assigned CareEdge-ESG 1 Rating with Score of 74.0
Life Insurance Corporation of India disclosed the assignment of an ESG rating by M/s Care ESG Ratings Limited (CARE Edge) on May 14, 2026, under SEBI Regulation 30. The Corporation received a rating symbol of CareEdge-ESG 1 with a rating score of 74.0. The disclosure was submitted to both BSE Limited and the National Stock Exchange of India Ltd. The full rationale for the rating is available on the Corporation's official website at https://licindia.in/esg-rating.
14May 26
LIC Appoints Shri Sanjay Lohiya as Government Nominee Director, Ms. Shalini Pandit Ceases Role
Life Insurance Corporation of India appointed Shri Sanjay Lohiya (DIN: 07151125), a 1994-batch IAS officer and Special Secretary at the Department of Financial Services, as Government Nominee Director effective May 13, 2026, replacing Ms. Shalini Pandit (DIN: 07780142), who simultaneously ceased her role and all related Board committee memberships including the Audit, Risk Management, Executive, and Nomination & Remuneration Committees.
06May 26
LIC: Sanjay Kumar Gupta Appointed, Sangeeta Ram Ceases as Principal ZTC Agra
Life Insurance Corporation of India disclosed two senior management personnel changes under SEBI Regulation 30. Mr. Sanjay Kumar Gupta, a 32-year LIC veteran, was appointed as Principal, Zonal Training Centre, Agra, effective May 05, 2026, replacing Ms. Sangeeta Ram, who ceased to hold the position on the same date. Both disclosures were filed with BSE and NSE on May 06, 2026.
05May 26
LIC of India: Mr. Jose George Ceases as Principal, Zonal Training Centre, Chennai
Life Insurance Corporation of India disclosed under Regulation 30 of SEBI LODR Regulations that Mr. Jose George has ceased to hold the position of Senior Management Personnel (Principal, Zonal Training Centre, Chennai) effective May 04, 2026, consequent upon Mr. Loganathan Chendurnathan taking over charge as Director, Zonal Training Centre, Chennai.
29Apr 26
LIC Independent Directors Shri Vinod Kumar Verma and Dr. Ranjan Sharma Complete Terms
Life Insurance Corporation of India announced the cessation of Independent Directors Shri Vinod Kumar Verma and Dr. Ranjan Sharma on April 28, 2026, following completion of their terms. Both directors also stepped down from various board committee positions, with Verma serving as Chairperson of Stakeholders Relationship Committee and Sharma as Chairperson of Policyholder Protection Committee. The transition represents routine corporate governance changes with proper regulatory compliance under SEBI listing regulations.
25Apr 26
Life Insurance Corporation of India Appoints Varadarajan Muthuvenkataraman as Additional Executive Director (Enterprise Risk Management)
Life Insurance Corporation of India has appointed Mr. Varadarajan Muthuvenkataraman as Additional Executive Director (Enterprise Risk Management) at Central Office, Mumbai, effective April 24, 2026. He brings over three decades of experience, having joined in 1992, and previously served as Regional Manager at LIC Housing Finance Limited, Chennai. A Chemistry graduate and Fellow of the Insurance Institute of India, he has held various leadership positions across administrative and marketing wings.
21Apr 26
LIC Reports First-Year Premium of Rs 433 Billion in March, Up 17.3% YoY
Life Insurance Corporation of India achieved Rs 433 billion in first-year premium collections during March, marking a strong 17.3% year-on-year growth. This robust performance demonstrates the insurer's effective new business acquisition capabilities and strong market position in India's life insurance sector.
17Apr 26
LIC Appoints Debakanta Padhi as Additional Executive Director
Life Insurance Corporation of India has appointed Mr. Debakanta Padhi as Additional Executive Director (Senior Business Associates/LIC Associates/Re-Investment), effective April 17, 2026. The appointment represents an elevation from his previous role as General Manager at LIC Housing Finance Limited. Mr. Padhi brings over 32 years of experience within the Corporation, extensive marketing expertise, and leadership experience across multiple zones and divisions.
16Apr 26
LIC Elevates Mamta Meena to Additional Director, Zonal Training Centre, Bhopal
Life Insurance Corporation of India has elevated Ms. Mamta Meena to Additional Director, Zonal Training Centre, Bhopal, effective April 16, 2026. With 34 years of experience since joining as Assistant Administrative Officer in 1992, she previously served as Regional Manager (Personnel & Industrial Relations) at Kanpur. Her extensive background spans Personnel & Industrial Relations, Vigilance, Customer Relationship Management, Claims, Pension and Group Schemes, along with training and oversight roles.
15Apr 26
LIC Elevates Ms. Jayasree Gopinathan to Additional Director Position in Pune
Life Insurance Corporation of India has elevated Ms. Jayasree Gopinathan to Additional Director, Zonal Training Centre, Pune, effective April 15, 2026. She transitions from her previous role as Chief (New Business & Re-insurance/Health Insurance) at Central Office, Mumbai. With over three decades of experience since joining in 1992, she brings expertise in CRM, Legal, Accounts and New Business operations, holding a B.Tech degree and Fellowship of Insurance Institute of India.
14Apr 26
LIC Appoints Mukesh Chandra Joshi as Additional Zonal Manager for North Central Zone
Life Insurance Corporation of India has elevated Mr. Mukesh Chandra Joshi to Additional Zonal Manager, North Central Zone, Kanpur, effective April 13, 2026. The appointment promotes him from his previous role as Chief (Bancassurance & Alternate Channels) at Central Office, Mumbai. With over three decades of experience since joining as Assistant Administrative Officer in 1992, Mr. Joshi has held various leadership positions across multiple zones and business functions, making him well-suited for this zonal leadership role.
11Apr 26
LIC Appoints Pankaj Kumar Saxena as Executive Director for Alternate Channel Operations
Life Insurance Corporation of India appointed Mr. Pankaj Kumar Saxena as Executive Director (Alternate Channel) at Central Office effective April 10, 2026. Saxena transitions from his role as MD & CEO of LIC Pension Fund Limited, bringing over 35 years of experience within LIC since joining in 1990. His extensive background spans administrative and marketing operations across multiple zones, with 27 years specifically in marketing leadership roles including Regional Manager positions.
11Apr 26
LIC Announces Additional Executive Director Appointment Under Regulation 30
Life Insurance Corporation of India has appointed Mr. Diwakar Mohan Mittal as Additional Executive Director for Customer Relationship Management/Claims/Annuities at Central Office, effective April 10, 2026. The appointment represents an internal promotion from his previous role as Chief in the same department, with Mr. Mittal bringing over three decades of experience across various administrative and marketing roles within the corporation.
09Apr 26
LIC Issues Corrigendum for Senior Management Personnel Disclosure Updates
LIC has issued a corrigendum to its senior management personnel disclosure, updating the detailed profiles of two key appointees - Smt. Lata Madampath as Executive Director (Personnel) and Mr. Gourab Chand as Executive Director (Chief Life Insurance Advisor). Both officials bring over three decades of experience across various operational areas within the corporation.
08Apr 26
LIC Board to Consider Bonus Share Issue on April 13, 2026
Life Insurance Corporation of India announced a board meeting for April 13, 2026, to deliberate on a bonus shares proposal for shareholders. The meeting complies with SEBI regulations, and any recommendation will require shareholder approval. Trading restrictions remain in effect until financial results announcement.
07Apr 26
LIC Submits Quarterly Regulatory Certificate for Q4 FY26 to Stock Exchanges
Life Insurance Corporation of India submitted its quarterly certificate under SEBI Regulation 74(5) for Q4 FY26 to BSE and NSE on April 07, 2026. The filing, processed through registrar KFin Technologies Limited, covers securities dematerialization and rematerialization details for the quarter ended March 31, 2026, ensuring regulatory compliance.
02Apr 26
LIC Re-designates Senior Management Personnel at Zonal Training Centre, Agra
Life Insurance Corporation of India has re-designated Smt Sangeeta Ram as Principal of Zonal Training Centre, Agra, effective April 02, 2026. Ram, who previously served as Faculty Member at the same centre, brings over three decades of experience since joining LIC in 1989. The appointment was announced through regulatory filing under SEBI Listing Regulations, demonstrating the company's commitment to strengthening training infrastructure through internal talent development.
30Mar 26
LIC Announces Superannuation of Three Senior Management Personnel
Life Insurance Corporation of India announced the superannuation of three senior management personnel effective March 31, 2026. The retiring officials include directors from training, subsidiaries, and new business divisions, representing key operational areas within LIC's structure. The disclosure was made in compliance with SEBI listing regulations, ensuring transparency for stakeholders.
28Mar 26
LIC Receives Income Tax Demand of ₹1.03 Lakh Crore for FY 2023-24
Life Insurance Corporation of India has received an income tax demand of ₹1.03 lakh crore for FY 2023-24, comprising ₹85,768.16 crore in tax and ₹17,544.50 crore in interest. The demand relates to disallowances for interim bonus addition, negative reserve addition, and section 80M deduction denial. LIC plans to appeal the order and states no material operational impact is expected.
28Mar 26
LIC Receives ₹8,576 Crore Income Tax Demand Plus ₹1,754 Crore Interest for FY24
Life Insurance Corporation of India faces an income tax demand of ₹8,576 crore plus ₹1,754 crore interest for FY24, totaling ₹10,330 crore. The company plans to appeal this decision and has stated that the matter will not significantly impact its operational activities or day-to-day business functions.
26Mar 26
LIC Discloses Income Tax Demand of ₹61,46,71,18,015 Plus Interest for FY 2021-22
Life Insurance Corporation of India received an income tax demand of ₹61,46,71,18,015 plus interest of ₹9,53,25,87,935 for FY 2021-22 from the Income Tax Department on March 25, 2026. The demand results from disallowances including interim bonus addition, Jeevan Suraksha Fund losses, negative reserves, section 80M deduction denial, and TDS interest disallowance. While financially significant, the corporation states no material operational impact, with the order being appealable before the Commissioner of Income Tax (Appeals).
16Mar 26
DIPAM to Announce Priorities for Life Insurance Corporation of India Soon
DIPAM is set to announce its priorities for Life Insurance Corporation of India soon, providing strategic direction for the state-owned insurance giant. The decision is expected to offer clarity on government plans and policy approach towards LIC, with significant implications for the insurance sector.
09Mar 26
LIC receives GST demand order of ₹63.04 lakh from Himachal Pradesh tax authorities
Life Insurance Corporation of India disclosed receiving a GST demand order of ₹63.04 lakh from Himachal Pradesh tax authorities for FY 2019-20, comprising GST of ₹17.90 lakh, interest of ₹27.22 lakh, and penalty of ₹17.90 lakh for alleged non-reversal of input tax credit on exempted supply. The company stated the order is appealable and confirmed no material impact on its financials or operations.
02Mar 26
LIC Extends CFO Sunil Agarwal's Term by One Year Till March 2027
Life Insurance Corporation of India has officially announced a one-year extension for Chief Financial Officer Shri Sunil Agarwal's tenure until March 2027. The decision, communicated through proper regulatory channels to BSE and NSE, reflects the corporation's focus on maintaining experienced leadership continuity in key financial positions at India's largest life insurance company.
27Feb 26
LIC Commences Operations at New IFSC Branch in GIFT City, Gandhinagar
Life Insurance Corporation of India has successfully commenced operations at its new IFSC Branch in GIFT City, Gandhinagar, Gujarat on February 27, 2026. This strategic expansion into India's premier International Financial Services Centre follows the company's initial announcement in December 2023. The corporation has complied with regulatory requirements by informing stock exchanges BSE and NSE about this operational milestone under SEBI listing regulations.
24Feb 26
IT Sector Decline Results in ₹42,500 Crore Loss for LIC's Investment Portfolio
Life Insurance Corporation of India's investment portfolio declined by ₹42,500 crores over two months due to significant drops in IT sector valuations. This substantial loss highlights the impact of sectoral volatility on major institutional investors and demonstrates the challenges of managing large-scale equity portfolios in fluctuating market conditions.
17Feb 26
LIC Schedules Analyst and Institutional Investor Meetings for February 23-24, 2026
Life Insurance Corporation of India will participate in two major investor conferences on February 23-24, 2026, organized by Kotak Institutional Equities and IIFL Institutional Equities in Mumbai. The events will feature both group and one-on-one meetings with analysts and institutional investors. LIC has confirmed that no unpublished price sensitive information will be disclosed, and presentations will be based on materials filed on February 06, 2026.
13Feb 26
LIC Announces Launch of Two New Group Insurance Products on February 16, 2026
Life Insurance Corporation of India announced the launch of two new group insurance products on February 16, 2026. LIC's Group Term Ease Plan offers pure risk coverage while LIC's Group Benefits Secure Plan focuses on savings benefits. Both non-participating, non-linked products target the domestic market exclusively. The announcement was made through regulatory disclosure to BSE and NSE under SEBI LODR Regulations.
27Jan 26
LIC Invests Rs 5120 Crores in Bajaj Finance Limited Debentures
Life Insurance Corporation of India has invested Rs 5120 crores in Bajaj Finance Limited by subscribing to 512,000 debentures with a face value of Rs 100,000 each. The transaction, completed on January 27, 2026, through bank/RTGS payment, does not constitute a related party transaction and required no regulatory approvals. Bajaj Finance Limited, an RBI-registered NBFC-Investment and Credit Company and subsidiary of Bajaj Finserv Limited, will utilize the funds for general business purposes.
06Jan 26
LIC Launches 'Jeevan Utsav' Single Premium Plan with Guaranteed Returns
Life Insurance Corporation of India announces the launch of its new Jeevan Utsav Single Premium whole life insurance plan starting January 12, featuring guaranteed returns and lifelong coverage with a one-time premium payment. The non-participating, non-linked plan offers financial stability independent of market performance, while a concurrent pan-India revival campaign provides up to 30% concessions on late fees for lapsed policies until March 2.
05Jan 26
LIC Re-designates Neelam Kujur as Principal of Zonal Training Centre, Jamshedpur
Life Insurance Corporation of India has re-designated Smt. Neelam Kujur as Principal of Zonal Training Centre, Jamshedpur, effective January 05, 2026. With over 30 years of experience since joining LIC in 1993, she transitions from Faculty Member to a Senior Management Personnel role. Her extensive background spans Health Insurance, Customer Relationship Management, and Policy Servicing across East Central Zone operations.
01Jan 26
LIC's 2025 Portfolio Review: 64% Stocks Decline While 77 Outperform Nifty, Including Two Multibaggers
LIC's 2025 portfolio analysis reveals 64% of its 288 stocks declined, with VL E-Governance falling over 90%. However, 104 stocks gained, including multibaggers Kothari Industrial Corporation (160%) and Soma Papers & Industries (119%). Despite strong earnings with net profit up 31% to ₹10,098 crore, LIC shares fell 6%. Market experts expect better performance in 2026 with Nifty targets of 27,000-29,000.
31Dec 25
LIC Announces Superannuation of Four Senior Management Personnel on December 31
Life Insurance Corporation of India has disclosed the superannuation of four senior management personnel effective December 31, 2025, including Executive Directors Rajesh Ailawadi (Legal) and Bichitra Mahapatra (Right to Information), along with training centre heads from Gurugram and Jamshedpur. The announcement was made in compliance with SEBI regulations and communicated to both BSE and NSE.
29Dec 25
LIC Receives ₹1.84 Cr GST Demand from Karnataka for FY 2021-22
LIC of India has received a GST demand order of ₹1.84 crores from Karnataka State authorities for FY 2021-22. The demand includes ₹1.03 crores in GST, ₹69.88 lakhs in interest, and ₹10.37 lakhs in penalties, citing excess Input Tax Credit claims. LIC states this has no material impact on its financials or operations and can appeal to the Commissioner (Appeals), Karnataka.
10Dec 25
LIC Faces ₹2,370 Crore GST Demand Notice from Maharashtra Tax Authorities
Life Insurance Corporation of India has received a ₹2,370.28 crore tax demand notice from Maharashtra tax authorities for alleged excess Input Tax Credit claims during FY 2021-22 to 2023-24. The demand includes ₹1,382.52 crores in GST, ₹849.57 crores in interest, and ₹138.25 crores in penalty. LIC plans to appeal the order and states there is no material impact on operations despite the financial implications.
09Dec 25
LIC Faces ₹806 Crore GST Demand: Implications and Next Steps
LIC of India received a GST demand order of ₹806.36 crore from the Mumbai West Commissionerate for the period April 2016 to March 2017. The demand includes a principal amount of ₹365.02 crore and interest of ₹441.34 crore. LIC plans to file an appeal against this order, expressing confidence in contesting it successfully. While the demand is substantial, LIC's financial strength suggests it's unlikely to cause major stress. The case may have broader implications for the insurance sector, potentially leading to increased regulatory scrutiny and a review of industry-wide GST practices.
08Dec 25
LIC's First-Year Premiums Surge 35% as Government Plans Stake Sale
LIC of India achieved a 35% year-over-year increase in first-year premiums for November, reaching INR 158.70 billion. Simultaneously, the government announced plans to divest 1-2% of its stake in LIC through an Offer for Sale (OFS) mechanism. This combination of strong business performance and potential changes in ownership structure could impact LIC's market dynamics and valuation.
05Dec 25
LIC Appoints Shalini Pandit as New Government Nominee Director
LIC of India has appointed Ms. Shalini Pandit as the new Government Nominee Director, effective December 03, 2025, replacing Dr. Parshant Kumar Goyal. Ms. Pandit, currently Joint Secretary in the Department of Financial Services, Ministry of Finance, is an IAS officer with extensive experience in various government roles. The appointment was made by the Central Government under the Life Insurance Corporation Act, 1956.
05Dec 25
LIC Elevates Arindam DasGupta to Chief Investment Officer Role
LIC of India has re-designated Shri Arindam DasGupta as Executive Director (Investment-Front Office) Chief Investment Officer, effective December 05, 2025. This move elevates DasGupta from his previous role as Executive Director (Investment-Front Office) to a key managerial position within LIC's investment arm. The appointment comes as LIC's investment portfolio shows significant growth, with investments increasing by 6.27% to ₹5,323,176.80 crore compared to the previous year.
02Dec 25
LIC Expands Product Portfolio with Two New Insurance Offerings
LIC of India announces the introduction of two new insurance products: 'LIC's Bima Kavach', a non-participating, non-linked, individual pure risk plan, and 'LIC's Protection Plus', a non-participating, linked, individual savings plan. Both products are designed for the domestic market and will be available from December 3, 2025. This product launch is part of LIC's strategy to diversify its offerings and address evolving customer needs in India.
01Dec 25
LIC Appoints Ramakrishnan Chander as New Managing Director
LIC of India has appointed Ramakrishnan Chander as its new Managing Director, effective December 01, 2025. Chander, previously Executive Director (Investment-Front Office) and Chief Investment Officer at LIC, brings 35 years of experience in the insurance sector. His tenure is set until September 30, 2027, with a pay scale of Rs. 2,05,400 to Rs. 2,24,400. Chander's expertise spans marketing, administration, and international operations, which is expected to be valuable in navigating LIC through the evolving insurance landscape.
11Nov 25
LICI Reports 12% Premium Growth in H1FY26, Targets 15% CAGR Over Next 3 Years
LIC of India reported a 12% year-on-year increase in total premium, reaching ₹3.1 lakh crore for the first half of fiscal year 2026. The company aims for a 15% CAGR in premium over the next three years, focusing on non-participating and protection segments. LIC's Value of New Business (VNB) margin expanded to 17.2%. The insurer is strengthening distribution channels, improving operational efficiency, and plans to expand in health and term assurance segments.
10Nov 25
LIC Reports 12.5% Growth in First Year Premium Collections for October
LIC of India, the country's largest insurer, has reported a significant increase in its first year premium collections for October. The company's new policy sales soared, with first year premium reaching ₹192.74 billion, marking a 12.5% year-on-year increase. This growth indicates rising interest in life insurance products among Indian consumers and suggests LIC's strategies to attract new policyholders are proving effective. The performance could potentially strengthen LIC's market position and may signal a broader trend of increasing insurance penetration in India.
08Nov 25
LIC Reports 32% Surge in Q2 Net Profit, Reaches Rs 10,053 Crore
LIC of India reported a 32% increase in net profit for Q2 FY24, reaching ₹10,053 crore. Total income rose by 4.35% to ₹2,39,614 crore, while net premium income grew by 5.50% to ₹1,26,000 crore. The company's solvency ratio improved to 2.13%. Growth was driven by strengthened core operations, enhanced investment returns, and effective expense management. LIC passed on GST benefits to policyholders, potentially stimulating future growth. The company plans to focus on cost rationalization, product innovation, and targeting the retirement segment.
06Nov 25
LIC Reports 16.36% Jump in Profit to Rs 21,040 Crore for H1 FY2026
LIC of India posted a 16.36% year-on-year increase in profit after tax for H1 FY2026, reaching ₹21,040.00 crore. Total premium income grew by 5.14% to ₹245,680.00 crore. The company maintained a 59.41% overall market share in First Year Premium Income. LIC's Value of New Business rose by 12.30% to ₹5,111.00 crore, with VNB margin expanding to 17.6%. The insurer's expense ratio decreased to 11.28%, while Assets Under Management grew to ₹57.23 lakh crore. However, individual new business premium income declined by 3.54%, and policies sold dropped by 20.83%.
06Nov 25
LIC Reports 16.36% Profit Growth in H1 FY26, Focuses on Non-Par Business Expansion
LIC of India reported a 16.36% year-on-year increase in profit after tax, reaching Rs 21,040 crore for H1 FY26. Total premium income grew by 5.14% to Rs 2,45,680 crore. Individual non-par APE surged 30.47% to Rs 6,234 crore. VNB increased 12.30% to Rs 5,111 crore, with VNB margin expanding to 17.6%. AUM rose 3.31% to Rs 57.23 lakh crore. LIC is focusing on expanding non-par business, improving operational efficiency, and diversifying distribution channels. The company maintained market leadership with a 59.41% share in FYPI and improved its solvency ratio to 2.13.
29Oct 25
Indian Government Plans $1-1.5 Billion Stake Sale in Life Insurance Corp
The Indian government is preparing to divest a portion of its stake in LIC of India, worth between $1 billion to $1.5 billion. This move aims to increase public ownership in the state-owned insurance giant to 10%. The stake sale is expected to be completed by the end of the year, potentially impacting LIC's stock dynamics and providing more opportunities for public investment in the company.
25Oct 25
LIC Refutes Washington Post Claims on Adani Group Investment Influence
LIC of India has strongly denied allegations made by the Washington Post regarding its investment decisions in the Adani Group. The insurer issued a formal clarification, rejecting claims as false and baseless. LIC emphasized that investment choices are made independently by its Board of Directors, following approved policies and due diligence. The corporation stated that no document or plan exists for a roadmap to infuse funds into Adani companies. LIC also affirmed that all investments comply with policies, regulatory guidelines, and stakeholder interests, and clarified that the Department of Financial Services has no role in its investment decisions.
17Oct 25
LIC Schedules Board Meeting to Review Q2 and H1 FY2025-26 Financial Results
LIC of India has announced a board meeting on November 6, 2025, to consider and approve unaudited financial results for Q2 and H1 FY2025-26. The company has implemented a trading window closure for insiders from October 1, 2025, to November 8, 2025, in compliance with SEBI regulations. This meeting aligns with regulatory requirements and aims to provide transparency to stakeholders regarding the company's financial performance.
14Oct 25
LIC Introduces Two New Insurance Products for Domestic Market
LIC of India is introducing two new insurance products: 'LIC's Jan Suraksha', a micro-insurance plan, and 'LIC's Bima Lakshmi', a savings-oriented life insurance plan. Both are non-par, non-linked individual plans targeting the domestic market. The products will be available from October 15, 2025. This launch demonstrates LIC's commitment to expanding its product portfolio and addressing diverse customer needs across different income segments.
09Oct 25
LIC Reports 12.7% Growth in First-Year Premiums for September
LIC of India, the country's largest insurer, has reported a 12.7% year-over-year increase in first-year premium collections for September, reaching INR 229.57 billion. This growth indicates strong performance in new policy acquisitions and suggests successful expansion of the insurer's policyholder base.
15Sept 25
LIC Faces ₹184.96 Crore GST Demand and Penalty for FY 2021-22
LIC of India received a GST demand order of ₹92.48 crore for FY 2021-22, with an equal penalty, totaling ₹184.96 crore. The demand cites 'Pre-Mature Availment of Input Tax Credit on Reverse Charge Mechanism'. LIC plans to appeal the order before the Commissioner (Appeals) in Jamshedpur. The company states there's no material impact on its financials or operations.
11Sept 25
LIC Shares Decline 15% Over Past Year Despite Robust Q1 Performance
LIC's shares have declined 15% over the past year, underperforming benchmark indices. However, Q1 results show resilience with consolidated net profit up 4.77% to Rs 10,986.00 crore and total premium income rising 4.77% to Rs 1,19,200.00 crore. LIC maintains market dominance with a 63.51% share in total premium. The company has improved operational metrics, including a strengthened solvency ratio of 2.17 and enhanced digital initiatives. LIC will participate in the Jefferies 4th India Forum, potentially offering more insights to investors.
09Sept 25
LIC Faces 17% Drop in Premium Collections, Down to ₹16,000 Crore
LIC of India has experienced a significant drop in premium collections, with a 17% decrease from ₹19,300 crore to ₹16,000 crore, representing an absolute decline of ₹3,300 crore. This reduction could impact LIC's financial performance and market share, potentially reflecting broader trends in the life insurance sector.
05Sept 25
LICI Welcomes GST Exemption on Life Insurance Premiums, Expects Positive Impact
LIC of India has welcomed the government's decision to exempt GST on individual life insurance premiums. The move is expected to improve affordability, support sector growth, and align with the 'Insurance for All by 2047' objective. LIC anticipates a nominal impact on its Embedded Value but expects increased business volumes and enhanced Value of New Business. The exemption is viewed as a 'next-generation reform' that will expand the customer base and create long-term value for stakeholders.
25Aug 25
LIC Unveils Female-Focused Critical Illness Benefit Rider
LIC of India is introducing 'LIC's Female Critical Illness Benefit Rider', a new health rider designed specifically for women. The non-linked, individual health rider will be available for purchase from August 26, 2025. This product aims to address unique health concerns and risks faced by women policyholders in the domestic market. The launch aligns with growing awareness of gender-specific health issues and demonstrates LIC's strategy to diversify its product offerings and better serve its female customer base.
24Aug 25
SEBI Greenlights LIC's Reclassification as Public Shareholder in IDBI Bank Disinvestment
SEBI has approved LIC's reclassification as a public shareholder in IDBI Bank, subject to strict conditions. These include capping LIC's voting rights at 10%, prohibiting control over IDBI Bank's affairs, and requiring LIC to reduce its shareholding to 15% or below within two years. LIC cannot have board representation or special rights in IDBI Bank. This move is part of the strategic disinvestment process approved by the Cabinet Committee on Economic Affairs. The reclassification is contingent on obtaining other regulatory approvals and completing the disinvestment transaction.
21Aug 25
DIPAM Secretary Kicks Off RFP Process for LIC Stake Sale
The Department of Investment and Public Asset Management (DIPAM) has officially started the Request for Proposal (RFP) process for selling a stake in Life Insurance Corporation of India (LIC). This marks a significant step in the government's divestment plans for the insurance giant. The move is expected to attract both domestic and international investors, potentially impacting market competition and efficiency in the insurance sector. The divestment is part of the government's broader strategy to raise funds and improve public sector enterprise efficiency.
19Aug 25
LIC Reports Strong Q1 FY2026 Results, Set to Participate in Centrum Broking's Orion IV Conference
LIC of India announced robust Q1 FY2026 financial results with total group business premium rising 4.77% to ₹1,19,200.00 crore. Individual new business premium grew 5.42% to ₹12,536.00 crore. Profit After Tax increased 5.02% to ₹10,986.00 crore. Assets Under Management rose 6.47% to ₹57,05,341.00 crore. LIC maintains market leadership with 63.51% share in individual new business premium. The company will participate in the Orion IV Powering Through-India on the Global Stage conference on August 22, 2025. LIC's embedded value as of March 2025 stood at ₹7,76,876.00 crore, up 6.81% year-on-year.
13Aug 25
Government Plans 2.5-3% LIC Stake Sale to Raise ₹14,000-17,000 Crores
The Indian government has announced plans to divest 2.5% to 3% of its stake in LIC of India. This initial divestment phase is expected to raise between ₹14,000 crores to ₹17,000 crores. LIC recently participated in the EMKAY Confluence 2025 event, engaging with investors and analysts without sharing any unpublished price-sensitive information. The stake sale aims to raise funds and potentially broaden LIC's investor base, likely attracting significant attention from domestic and international investors.
11Aug 25
LIC Reports 5% Profit Growth, Boosts Non-PAR Share to 30%
LIC of India reported a 5% increase in quarterly profit. The company's Value of New Business (VNB) margin improved by 150 basis points to 15.40%. LIC significantly increased its non-participating product share to 30.00% of Annual Premium Equivalent (APE), up from 7.00% pre-listing. Individual APE grew by 32.00%. The insurer expanded its product portfolio to 51 offerings, focusing on non-participating products. LIC is cautiously approaching health insurance expansion and maintains a neutral stance on composite licenses.
07Aug 25
LIC Reports Strong Q1 Results, Shifts Focus to Non-Par Products and Digital Growth
LIC of India reported a 5.02% increase in Q1 profit after tax to ₹10,986.00 crore. Total premium income grew by 4.77% to ₹1,19,200.00 crore. The insurer's strategic shift towards non-participating products showed significant growth, with their share in individual business rising to 30.34%. Value of New Business grew by 20.75% to ₹1,944.00 crore, with net VNB margin increasing to 15.4%. LIC maintained market leadership with a 63.51% share in first-year premium income. Assets Under Management grew by 6.47% to ₹57,05,341.00 crore. The company is focusing on digital expansion and operational efficiency, with plans to launch new products and increase insurance penetration.
07Aug 25
LIC Reports Robust Q1 Results: Net Profit Rises 5.02% to ₹10,986 Crore, VNB Margin at 15.4%
LIC of India announced robust Q1 financial results, with net profit rising 5.02% to ₹10,986.00 crore. Total premium income increased by 4.77% to ₹1,19,200.00 crore. The company maintained market leadership with a 63.51% share in First Year Premium Income. Individual business premium grew 6.37%, while group business premium rose 2.46%. The Value of New Business increased by 20.75% to ₹1,944.00 crore, with a VNB margin of 15.4%. LIC's solvency ratio improved to 2.17, and Assets Under Management grew 6.47% year-on-year to ₹57,05,341.00 crore.
01Aug 25
Finance Ministry Mulls 2-2.5% LIC Stake Sale via FPO; LIC Announces Q1 FY26 Earnings Call
The Finance Ministry is considering selling a 2-2.5% stake in LIC through an FPO. LIC has scheduled its Q1 FY26 earnings call for August 7, 2025, with key management representatives participating. The company's 4th AGM is set for August 26, 2025, via video conferencing. Zonal Manager Venkataramanan Gopal will superannuate on July 31, 2025.
25Jul 25
LIC Reshuffles Rs 15.5 Lakh Crore Portfolio: Cuts Stakes in 81 Companies, Boosts Defence and Tech Sectors
LIC of India has made significant changes to its Rs 15.5 lakh crore equity portfolio in Q2. The insurer reduced positions in 81 companies while increasing exposure to defence and technology sectors. LIC added four PSU defence stocks, including Mazagon Dock Shipbuilders and Cochin Shipyard. In tech, it increased stakes in Infosys and HCL Technologies. The company also boosted its position in Jio Financial Services and Tata Motors, while reducing stakes in Hero MotoCorp and retail favorites like Suzlon Energy. Reliance Industries and ITC remain LIC's largest holdings.
25Jul 25
LIC Schedules Board Meeting on August 7 to Approve Quarterly Financial Results; Government Appoints Goldman Sachs, BNP Paribas, and IIFL for Stake Sale
The Indian government has selected Goldman Sachs, BNP Paribas, and IIFL to manage the stake sale process of LIC of India. These institutions will oversee the divestment of India's largest insurance company. LIC has scheduled a Board meeting on August 7 to approve Q1 financial results, with the trading window for insiders closed until August 9.
22Jul 25
LIC Boosts Stake in State Bank of India to 9.49%
LIC of India has raised its shareholding in State Bank of India (SBI) from 9.21% to 9.49% of the bank's paid-up capital. This increase represents a change from 81,46,59,869 to 87,58,59,380 equity shares. The information was disclosed in a regulatory filing on July 21, 2025, in compliance with SEBI regulations. This move by LIC, a major institutional investor, could be seen as a vote of confidence in SBI's future prospects.
15Jul 25
LIC Appoints R Doraiswamy as New CEO and Managing Director
LIC of India has appointed R Doraiswamy as its new CEO and Managing Director, effective July 14, 2025, for a three-year term. Doraiswamy, with over 39 years of insurance industry experience, previously served as a Managing Director at LIC overseeing key areas. He has held various leadership positions within LIC and played a crucial role in driving IT initiatives. Doraiswamy succeeds Sat Pal Bhanoo, who was serving as the interim CEO. LIC shares closed at ₹916.00, below their IPO price of ₹949.00.
14Jul 25
LIC Appoints R Doraiswamy as New CEO and Managing Director
LIC of India has appointed R Doraiswamy as its new Chief Executive Officer (CEO) and Managing Director (MD), replacing Siddhartha Mohanty whose term ended on June 7. Doraiswamy brings over 37 years of experience in operations, marketing, technology, and academics to the role. He has been serving as Managing Director of LIC since September 2023 and has held various leadership positions within the organization.
09Jul 25
LIC Stake Sale: Government Approves Offer for Sale to Boost Public Shareholding
The Indian government has approved an Offer for Sale (OFS) for LIC of India to increase public shareholding. The government currently holds 96.50% stake in LIC, 21.50% above Minimum Public Shareholding norms. Every 1% stake sale could potentially fetch around ₹6,000.00 crore. SEBI has granted LIC approval to achieve 10% public shareholding by 2027. Details on the size, timing, and structure of the stake sale are awaited.
03Jul 25
LIC Expands Insurance Portfolio with Two New Life Plans and Critical Illness Rider
Life Insurance Corporation of India (LIC) is introducing two new life insurance plans: LIC's Nav Jeevan Shree and LIC's Nav Jeevan Shree – Single Premium. Additionally, LIC is launching a Critical Illness Health Rider. These new offerings aim to expand LIC's product portfolio, meet diverse customer needs, and strengthen its market position. The move demonstrates LIC's commitment to innovation and customer-centric approach in the insurance sector.
13Jun 25
LIC Streamlines Claim Process for Air India Crash Victims
LIC of India has implemented special measures to support families affected by the Air India flight AI 171 crash in Ahmedabad on June 12. The insurer has relaxed claim norms, accepting alternative proof of death for faster processing. LIC is proactively reaching out to affected families and has set up dedicated helpline assistance to guide them through the claim process.
11Jun 25
FSIB Recommends R Doraiswamy as New CEO and MD for LIC
The Financial Services Institutions Bureau (FSIB) has recommended R Doraiswamy, currently LIC's Managing Director, for the position of CEO and MD at LIC of India. The recommendation follows a selection process involving interviews with four candidates. FSIB's decision was based on performance, experience, and predetermined parameters. The appointment is subject to necessary approvals from relevant authorities.
09Jun 25
LIC Reports Mixed Premium Results for May: Total Premiums Up, Retail APE Down
Life Insurance Corporation of India (LIC) reported mixed results for May. Total premiums increased by 11.00%, and total Annualized Premium Equivalent (APE) rose by 21.00%. However, retail APE declined by 7.00%, indicating challenges in the individual insurance market. The contrasting performance suggests LIC's overall market strength but highlights potential issues in the retail segment.
08Jun 25
LIC Appoints Sat Pal Bhanoo as Interim MD and CEO for Three Months
Life Insurance Corporation of India (LIC) has appointed Sat Pal Bhanoo, a current Managing Director, as the interim CEO and MD for a three-month period from June 8 to September 7, 2025. This temporary appointment is set to last until a regular CEO assumes charge. The move is expected to ensure operational continuity during this transitional period for India's largest insurer.
05Jun 25
LIC Appoints Ramakrishnan Chander as New Chief Investment Officer
Life Insurance Corporation of India (LIC) has appointed Ramakrishnan Chander as its new Chief Investment Officer (CIO). As CIO, Chander will oversee LIC's vast investment operations, shaping investment policies, developing asset allocation strategies, and enhancing risk management practices. This appointment is significant for LIC, one of India's largest institutional investors, and could potentially influence the company's performance in financial markets.
28May 25
LIC's Q4 Profit Soars 38% to ₹19,039 Crore; Declares Dividend Amid Mixed Results
Life Insurance Corporation of India (LIC) announced a 38% year-on-year increase in Q4 consolidated net profit, reaching ₹19,039.00 crore. The company's board recommended a final dividend of ₹12.00 per share. While full-year profit rose by 18% to ₹48,151.00 crore and assets under management grew 6.45%, LIC faced challenges with Q4 net premium income declining 3% YoY. The company showed resilience in navigating regulatory changes, improving its solvency ratio to 2.11.
27May 25
LIC Reports Q4 Premium Decline, Eyes Health Insurance Stake Acquisition
Life Insurance Corporation of India (LIC) experienced a decrease in first-year premium for Q4 due to regulatory changes. The company is in final stages of discussions to acquire a stake in a health insurance company, with a decision expected in 2-3 months. This move could diversify LIC's offerings beyond life insurance.
27May 25
LIC Projects 17.6% Value of New Business Margin for FY25
Life Insurance Corporation of India (LIC) has announced a projected Value of New Business (VNB) margin of 17.60% for the fiscal year 2025. This key performance indicator reflects the expected profitability of LIC's new business. The projection provides insight into LIC's future performance expectations, though actual results may vary based on market conditions, regulatory changes, and strategic decisions.
27May 25
LIC Declares Rs 12 Per Share Dividend, Q4 Profit Surges 38%
Life Insurance Corporation of India (LIC) has announced a final dividend of Rs 12 per share for FY2025, totaling Rs 7,590.00 crore. The government, holding a 96% stake, will receive Rs 7,324.00 crore. LIC's Q4 FY25 results show a 38% year-on-year increase in consolidated net profit to Rs 19,038.70 crore, despite a 3.2% decrease in net premium income to Rs 1.48 lakh crore. The record date for the dividend is set for July 25, 2025, with the AGM scheduled for August 26, 2025.
27May 25
LIC Q4 Results: Profit Surges to 190.4B Rupees, VNB Beats Estimates
Life Insurance Corporation of India (LIC) released its Q4 results, showing a significant increase in consolidated net profit to ₹190.40 billion, surpassing estimates. However, revenue declined to ₹1.48 trillion. The Value of New Business (VNB) fell to ₹35.34 billion, but beat expectations, with VNB margin improving to 26.89%. LIC recommended a final dividend of ₹12.00 per equity share. Annual Premium Equivalent and New Business Premium both decreased year-over-year but exceeded estimates.
26May 25
LIC to Announce Q4 and FY25 Results, Consider Dividend on May 27
Life Insurance Corporation of India (LIC) will disclose its Q4 and FY25 financial results on May 27, 2025. The board meeting will review financial statements and consider a final dividend declaration. An earnings call is scheduled for 7:00 PM the same day. LIC has closed its trading window from April 1 to May 29, 2025, to prevent insider trading.
19May 25
LIC Stake Divestment: Government Plans Gradual 6.5% Sell-Off Over 24 Months
The Indian government plans to divest 6.5% of its stake in Life Insurance Corporation of India (LIC) over 24 months through multiple small tranches via the offer for sale (OFS) route. This move aims to comply with SEBI's minimum public shareholding norms and increase public participation. The phased approach is designed to minimize market impact and optimize returns. This divestment strategy could influence LIC's stock price and set a precedent for future public sector enterprise divestments.
29Apr 25
LIC Boosts Stake in HCL Technologies to 5%, Signaling Confidence in IT Sector
Life Insurance Corporation of India (LIC) has increased its stake in HCL Technologies from 2.95% to 5.00%, now holding 13,55,94,924 equity shares. This move signifies LIC's growing interest in the technology sector and confidence in HCL Tech's future prospects. The increased stake could potentially impact market sentiment towards HCL Technologies and aligns with LIC's strategy of diversifying its portfolio in the thriving Indian IT sector.
23Apr 25
LIC Reports Robust Growth in FY25 New Business Premium, Appoints New Senior Management
LIC achieved a total New Business Premium of Rs 2.27 lakh crore in FY25, up 1.86% YoY. Individual New Business Premium grew 8.35% to Rs 62,405.00 crore. The company sold 1.78 crore new policies. In March 2025, individual premium rose 10.75% while group premium declined 1.34%. LIC appointed Mr. Loganathan Chendurnathan as Additional Executive Director (Inspection) effective April 23, 2025. He brings over 30 years of experience within LIC to the role.
05Apr 25
LIC Rebuts US Allegations of Preferential Treatment from Indian Government
Life Insurance Corporation of India (LIC) has issued a statement refuting claims of receiving special treatment from the government. The insurer emphasized that it operates in a competitive market alongside other insurance providers. LIC clarified that the government guarantee provided at its establishment in 1956 has never been used as a marketing tool and has not given the company any undue advantage. The company aims to reinforce its standing as an independent entity operating on a level playing field with other insurers in India.
04Apr 25
LIC Refutes Claims of Preferential Treatment, Emphasizes Fair Competition
Life Insurance Corporation of India (LIC) has refuted claims of receiving preferential treatment from the Indian government or regulators, responding to a US Trade Representative report. LIC clarified that its sovereign guarantee is a statutory provision since 1956, not a marketing tool. The insurer emphasized it operates in a competitive market under the same regulatory oversight as other insurance companies in India.
19Mar 25
LIC to Announce Health Insurance Stake Acquisition by March-End, Confirms CEO
Life Insurance Corporation of India (LIC) plans to enter the health insurance market through a non-majority stake acquisition in a health insurance company. CEO Siddhartha Mohanty confirmed the move, with an announcement expected by March 31. The strategic expansion aims to diversify LIC's portfolio and leverage its customer base in the growing health insurance sector. The deal is subject to regulatory approvals, and LIC is also exploring other initiatives, including discussions with RBI about long-term government bonds.
18Mar 25
LIC Sets Sights on Health Insurance Market with Acquisition Plans
Life Insurance Corporation of India (LIC) plans to diversify into health insurance by acquiring a minority stake in an existing health insurance company. CEO Siddhartha Mohanty announced that the deal is expected to be finalized and announced before March 31. This move aims to tap into the growing health insurance market, leveraging LIC's brand and customer base while benefiting from the expertise of an established player in the sector.
Industry PeersLIC of India
SBI Life Insurance
HDFC Life Insurance
ICICI Prudential Life Insurance
Max Financial Services
Canara HSBC Life Insurance Company
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