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Latest news about LIC of India

LIC Streamlines Claim Process for Air India Crash Victims 4 days ago

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.

FSIB Recommends R Doraiswamy as New CEO and MD for LIC 6 days ago

LIC Reports Mixed Premium Results for May: Total Premiums Up, Retail APE Down 8 days ago

LIC Appoints Sat Pal Bhanoo as Interim MD and CEO for Three Months 9 days ago

LIC Appoints Ramakrishnan Chander as New Chief Investment Officer Jun 05, 2025

More news about LIC of India

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.

18Mar 25

LIC Strengthens Leadership: Shatmanyu Shrivastava Appointed as New Chief Risk Officer

Life Insurance Corporation of India (LIC) has appointed Shatmanyu Shrivastava as its new Chief Risk Officer, effective March 19, 2025. Shrivastava, a chartered accountant and insurance fellow with over 30 years of experience at LIC, brings extensive expertise across all departments and organizational tiers. His appointment, approved by LIC's Board on March 17, 2025, aims to enhance the company's risk management capabilities.

17Mar 25

LIC Appoints Shatmanyu Shrivastava as New Chief Risk Officer

Life Insurance Corporation of India (LIC) has appointed Shatmanyu Shrivastava as its new Chief Risk Officer, effective March 19, 2025. Approved by the Board of Directors on March 17, 2025, Shrivastava brings over three decades of experience within LIC. He is a Fellow of the Institute of Chartered Accountants of India and the Insurance Institute of India, currently pursuing Actuarial studies. Previously serving as Chief (F&A) at LIC's Central Office, Shrivastava played a key role in the company's post-IPO account closing.

12Mar 25

LIC Stake Sale: Government Mulls 2-3% Divestment by 2026

The Indian government is considering divesting 2-3% of its stake in Life Insurance Corporation of India (LIC) during fiscal year 2025-26. This move aims to meet the 10% public shareholding requirement for listed public sector companies by 2027. The government plans a flexible approach, potentially selling stakes in small tranches to adapt to market conditions. This divestment is expected to increase public ownership of LIC shares, enhance market liquidity, and demonstrate regulatory compliance.

28Feb 25

LIC Faces ₹479.88 Crore GST Demand for FY21; Company to Appeal

Life Insurance Corporation of India (LIC) has received a tax notice of ₹479.88 crore from Maharashtra State Tax authorities for the fiscal year 2020-21. The demand includes ₹242.23 crore in GST, ₹213.43 crore in interest, and ₹24.22 crore in penalties. Alleged violations include wrong Input Tax Credit availment, short reversal of ITC, interest on late payments, and short payment of tax liability. LIC plans to appeal the order before the Joint Commissioner of State tax (Appeals) in Mumbai, stating there is no material impact on its financials or operations.

27Feb 25

LIC Faces ₹2.42 Billion Tax Demand, Additional Penalties and Interest

Life Insurance Corporation of India (LIC) has received a tax demand order of over ₹4.79 billion from Maharashtra State tax authorities. The order includes GST of ₹2.42 billion, interest of ₹2.13 billion, and penalties of ₹242 million for the financial year 2020-21. Alleged violations include wrong availment of Input Tax Credit, short reversal of ITC, interest on late payments, and short payment of tax liability. LIC states the order is appealable and claims no material impact on financials or operations.

24Feb 25

LIC Faces ₹57.27 Crore GST Notice from Delhi Government

Life Insurance Corporation of India (LIC) has received a GST notice of ₹57.27 crore from the Delhi State Government for the financial year 2020-21. The demand includes ₹31.04 crore in GST, ₹23.13 crore in interest, and ₹3.10 crore in penalties. The notice alleges excess Input Tax Credit availed by LIC. The company states the order is appealable and claims no material impact on its financials or operations.

21Feb 25

LIC Announces New Managing Directors and Updates Investor Meet Schedule

LIC, India's largest insurer, is undergoing significant changes. The Financial Services Institutions Bureau has nominated Dinesh Pant and Ratnakar Patnaik as new managing directors. Additionally, LIC has rescheduled its analyst and institutional investor meet from February 25 to February 27, 2025, organized by IIFL Institutional Equities.

20Feb 25

LIC's Leadership Transition and Q3 FY25 Performance: Mixed Results Amid Changes

LIC is set for leadership changes with Dinesh Pant and Ratnakar Patnaik recommended as Managing Directors from June 2025. Q3 FY25 results show a 21% drop in new business premium to ₹43,075 crore, but a 17% increase in standalone net profit to ₹11,056 crore. The company rescheduled its investor event with IIFL Institutional Equities to February 27, 2025.

19Feb 25

LIC Unveils Smart Pension Plan: A New Era in Retirement Planning

Life Insurance Corporation of India (LIC) has introduced a new single-premium smart pension plan, offering flexible retirement options. The plan features a single premium structure, multiple annuity choices for individual and joint life scenarios, liquidity provisions for partial or full withdrawals, and a minimum purchase price of Rs 1,00,000. It also provides incentives for higher investments and flexible annuity payment modes, aiming to reshape retirement planning in India.