Latest news about LIC of India
LIC of India
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More news about LIC of India
10Aug 26
Life Insurance Corporation of India Records ₹50.04 Crore Block Trade on NSE
A block trade worth ₹50.04 crores was executed on the NSE for Life Insurance Corporation of India, involving approximately 1,266,361 shares at ₹395.15 per share. Block trades of this magnitude are typically associated with institutional participation and are executed to minimise market impact. The transaction represents a notable single-deal activity in the stock on the exchange.
10Aug 26
Life Insurance Corporation of India Records Rs. 32.27 Crore Block Trade on NSE at Rs. 393.55 Per Share
A block trade of approximately 819,981 shares of Life Insurance Corporation of India was executed on the NSE at Rs. 393.55 per share. The total value of the transaction stood at Rs. 32.27 crores. Such large-volume trades are typically associated with institutional participation and are executed to minimise market impact.
07Aug 26
LIC launches New Bima Jyoti savings plan for domestic market
Life Insurance Corporation of India launches LIC's New Bima Jyoti, a Non-Par, Non-Linked individual savings plan for the domestic market, effective August 10, 2026. The disclosure was filed with stock exchanges under SEBI Regulation 30.
07Aug 26
LIC of India Q1FY27: VNB surges 61%, profit rises 23%
Life Insurance Corporation of India reported a 22.81% increase in standalone net profit to ₹13,492.03 crore for Q1FY27, driven by a 61.32% surge in Value of New Business (VNB). Consolidated net profit stood at ₹13,584.25 crore.
07Aug 26
LIC of India makes Q1FY27 earnings call audio recording available
LIC of India has made the audio recording of its Q1FY27 analyst conference call available online. The call, held on August 6, 2026, featured senior leadership discussing quarterly performance. The disclosure complies with SEBI LODR Regulations 30 and 46(2).
06Aug 26
LIC Co-Executive Anticipates Minimal Impact From Upcoming Distribution Reform Rules on LIC and Its Agents
A senior LIC executive has stated that upcoming distribution reform rules are expected to have minimal impact on LIC and its agents. The remarks reflect confidence in the corporation's established agent-driven distribution model amid evolving regulatory changes in the Indian insurance sector. No specific financial data or reform timelines were provided in the source material. The statement is likely to offer reassurance to stakeholders and agents monitoring the regulatory developments.
06Aug 26
LIC Executive Signals No Fresh Government Stake Dilution for 1-2 Years, Eyes Growth in Protection Products
A LIC executive has stated that no new government stake sale in the insurer is expected over the coming 1-2 years, signaling near-term ownership stability. The executive also indicated that the company will focus on increasing the share of protection products in its portfolio in the upcoming quarters. These disclosures provide clarity on both the ownership structure and the strategic business priorities of the state-backed life insurer.
06Aug 26
Life Insurance Corporation of India Records Three NSE Block Trades Totalling Over Rs. 120 Crores
Life Insurance Corporation of India saw three significant NSE block trades with prices ranging between Rs. 389.10 and Rs. 389.40 per share. The trades involved approximately 1,227,276, 1,342,851, and 513,485 shares valued at Rs. 47.79 crores, Rs. 52.27 crores, and Rs. 19.98 crores respectively, with combined transactions exceeding Rs. 120 crores.
04Aug 26
Government Assures No Further LIC OFS for Next 3 to 4 Years, Secures Strong Investor Commitment
The government has assured investors of no further LIC OFS for the next 3 to 4 years, as reported by CNBC TV18. Prior to the launch, the government met with more than 50 global and domestic funds to build investor confidence. Strong commitment has been secured from both global and domestic funds for the LIC OFS issue.
30Jul 26
LIC faces ₹10.9 Cr GST demand, penalty over input tax credit claim
Life Insurance Corporation of India faces a ₹10.9 crore GST demand and penalty for FY22-23 due to alleged pre-mature Input Tax Credit claims. The Additional Commissioner Central GST, Jamshedpur, issued the order on July 30, 2026. LIC states the impact is not material to its financials or operations.
28Jul 26
LIC Independent Directors Mahalingam G and Parthasarathy Step Down
Shri Mahalingam G and Dr. V. S. Parthasarathy leave their posts as independent directors at Life Insurance Corporation of India on July 28, 2026, after completing their terms. They exit all associated board committees, including those they chaired, in compliance with SEBI Regulation 30 disclosures.
28Jul 26
LIC appoints Varadarajan as CRO and Shrivastava as CFO on July 28
Life Insurance Corporation of India appointed Varadarajan Muthuvenkataraman as Chief Risk Officer and Shatmanyu Shrivastava as CFO on July 28, 2026. Both serve as Key Managerial Personnel until superannuation. The appointments were approved by the Board and disclosed under SEBI Regulation 30.
28Jul 26
LIC shareholders approve ₹10 dividend, Lohiya appointment at AGM
Life Insurance Corporation of India shareholders approved a ₹10 final dividend and Sanjay Lohiya’s appointment as a Government Nominee Director at its 5th AGM on July 27, 2026. All seven resolutions, including the adoption of FY26 financials, passed with strong majority support.
19Jul 26
Prof. Anil Kumar ceases as LIC Independent Director
Prof. Anil Kumar ceased to be an Independent Director of Life Insurance Corporation of India on July 19, 2026, following the completion of his term. He also vacated his positions as chairperson and member of several key committees, including the Audit and Risk Management Committees, as per a regulatory filing.
17Jul 26
LIC of India Records ₹97.28 Crore Block Trade on NSE at ₹436.45 Per Share
LIC of India recorded a block trade on the NSE involving approximately 22,28,986 shares at a price of ₹436.45 per share. The total value of the transaction amounted to ₹97.28 crore. Block trades of this magnitude are generally associated with large institutional participation and are executed outside the regular order book.
13Jul 26
LIC Records 3% Year-Over-Year Market Share Decline, Faces Losses in Group Business Segment
LIC has reported a 3% year-over-year decline in market share, with significant losses recorded in the group business segment and no gains in the individual sector. The market share ceded by LIC is distributed across private life insurers, reflecting a broad-based competitive shift in India's life insurance industry. The development highlights growing pressure on the state-owned insurer across multiple business verticals.
07Jul 26
LIC FY26 PAT rises 19% to ₹57,419 crore, VNB margin at 21.2%
Life Insurance Corporation of India reported a 19% rise in FY26 PAT to ₹57,419 crore. Total Premium Income increased to ₹535,984 crore. Net VNB margin improved to 21.2%.
06Jul 26
LIC Schedules 5th AGM on July 27, 2026; Disseminates FY26 Annual Report and AGM Notice
Life Insurance Corporation of India has scheduled its 5th AGM for July 27, 2026 via VC/OAVM, with the record date for the recommended ₹10 final dividend per equity share set at June 25, 2026, implying a cash outflow of ₹12,649.99 crore and a payout ratio of 22.03%. The AGM agenda includes adoption of FY2025-26 financial statements, appointment of new Zonal and Divisional Auditors, formal approval of Government Nominee Director Shri Sanjay Lohiya, and approval of material related party transactions up to ₹40,000 crore with LIC MF Asset Management Limited. Remote e-voting via NSDL (EVEN: 140008) is open from July 23 to July 26, 2026, with a cut-off date of July 21, 2026.
04Jul 26
LIC files Business Responsibility and Sustainability Report for FY 2025-26
Life Insurance Corporation of India filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing an employee strength of 84,565 and 888 differently-abled employees. The report highlights that 89.08% of waste was disposed through Metal Scrap Trade Corporation Limited and details CSR initiatives, including 119 projects worth ₹77.74 crore sanctioned by the LIC Golden Jubilee Foundation.
01Jul 26
LIC official superannuates as Zonal Training Centre Director
Life Insurance Corporation of India announced the superannuation of Shri Venkatakrishna Ranga Rao Saladi, Director, Zonal Training Centre, Pune, effective June 30, 2026. The disclosure was made to BSE and NSE under Regulation 30 of the SEBI Listing Regulations.
25Jun 26
Amid Fiscal Worries, Government Fast-Tracks PSU Share Sales; Fresh LIC Stake Sale May Launch Very Soon
The Indian government is fast-tracking PSU share sales amid fiscal concerns, with a fresh stake sale in LIC of India reported to be launching very soon. Business Standard cited the development as part of a broader disinvestment push. No specific figures regarding the size of the stake or valuation have been provided in the source at this time.
25Jun 26
LIC appoints Jayasimhan Tirumala as Chief Compliance Officer
Life Insurance Corporation of India has appointed Shri Jayasimhan Madabhushi Matam Tirumala as Chief Compliance Officer and Key Managerial Personnel, effective June 24, 2026, subject to IRDAI approval. He was re-designated from Executive Director (Board & Secretarial/Regulatory Compliance) to the new role.
25Jun 26
LIC accepts resignation of CFO Sunil Agrawal effective July 14, 2026
Life Insurance Corporation of India has accepted the resignation of Sunil Agrawal from the position of Chief Financial Officer and Key Managerial Personnel, effective July 14, 2026. The resignation was submitted via a letter dated June 24, 2026, citing the reason to pursue better prospects. The Corporation acknowledged his contributions and informed the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
17Jun 26
LIC fixes June 25 record date for ₹10 final dividend
Life Insurance Corporation of India has announced June 25, 2026, as the record date for a final dividend of ₹10 per share for FY26. The 5th AGM will be held on July 27, 2026, via video conference, where the dividend will be subject to shareholder approval. The corporation has also published the AGM notice in leading newspapers and informed members about electronic report delivery and updated TDS compliance requirements.
17Jun 26
LIC closes trading window from Jul 01 till 48 hours after Q1FY27 board meeting
Life Insurance Corporation of India has closed its trading window for insiders from July 01, 2026, until 48 hours after the Board Meeting for Q1FY27 results. The move complies with SEBI regulations, and the specific board meeting date will be announced later.
17Jun 26
Life Insurance Corporation of India appoints Dinesh Pant as Whole Time Member (Actuary), IRDAI
The Department of Financial Services, Ministry of Finance, has appointed Dinesh Pant, Managing Director of Life Insurance Corporation of India, as the Whole Time Member (Actuary) at IRDAI for a tenure of five years or until he turns 65. The appointment, effective from the date of assumption of charge, was communicated via a government notification dated June 15, 2026.
16Jun 26
Government Raises LIC Stake Sale Offer to 5% Equity; Retail Sale Starts June 17
The government has raised its stake sale offer in LIC of India to 5% equity, with the retail sale component scheduled to begin on June 17. This represents a significant update from earlier reports of a September stake sale, with no additional financial details currently available.
16Jun 26
LIC details TDS process for ₹10 final dividend for FY 2025-26
Life Insurance Corporation of India has communicated the Tax Deduction at Source (TDS) rates and documentation requirements for the final dividend of ₹10 per share for FY 2025-26. Resident individuals with valid PAN will incur a 10% TDS, while those without PAN will face 20%. Exemptions are available for specific resident entities and individuals with dividend income under ₹10,000. Non-resident members are subject to 20% TDS plus surcharge and cess, unless they provide valid DTAA documentation. All required documents for lower tax rates must be submitted by June 24, 2026.
10Jun 26
LIC of India re-designates Radha Chatterjee as Chief
LIC of India re-designated Smt Radha Chatterjee as Chief (In-Charge) (Corporate Governance/Golden Jubilee Foundation) at its Central Office in Mumbai, effective June 09, 2026. With a career spanning 34 years, she previously served as Chief (Corporate Governance/Golden Jubilee Foundation/Regulatory Compliance) since 2024.
09Jun 26
LIC's First-Year Premium Reaches Rs 190 Billion in May, Registers 3.46% Year-Over-Year Growth
LIC reported first-year premium collections of Rs 190 billion in May, registering a year-over-year growth of 3.46%. First-year premiums are a key indicator of new business generation for life insurers. The result highlights LIC's continued scale of operations in the Indian life insurance market.
06Jun 26
LIC attends Citi 2026 India Conference on June 05
Life Insurance Corporation of India attended the Citi 2026 India Conference on June 05, 2026, engaging with analysts and institutional investors. The meeting, held at the Grand Hyatt in Mumbai, included group and one-on-one discussions where the corporation presented its corporate performance and strategic outlook. No unpublished price sensitive information was shared during the event.
03Jun 26
LIC attends BofA India Conference 2026 on June 02
Life Insurance Corporation of India representatives attended the BofA India Conference 2026 in Mumbai on June 02, 2026. The corporation engaged with institutional investors and analysts through group and one-on-one sessions. No unpublished price sensitive information was shared or discussed during the meeting.
02Jun 26
LIC completes 1:1 bonus allotment, FY26 profit rises 19.25%
Life Insurance Corporation of India completed the allotment of 632,49,97,701 bonus equity shares in a 1:1 ratio on June 01, 2026, increasing its paid-up equity share capital. The corporation reported a net profit of ₹57,419 crore for FY26, a 19.25% increase from the previous year, driven by growth in total premium income and improved VNB margins.
30May 26
LIC attends analyst meet on May 29
Life Insurance Corporation of India representatives attended an analyst and institutional investor meet on May 29, 2026, organized by 360 ONE Capital (B&K) Trinity India 2026. The session included group and one-on-one meetings at the Grand Hyatt in Mumbai, where no unpublished price sensitive information was shared. The Corporate Presentation from the meet is available on the company's official website.
30May 26
Four LIC officials to superannuate on May 31, 2026
Four senior management personnel at Life Insurance Corporation of India will superannuate on May 31, 2026, and will be relieved from their duties at the close of office hours on May 29, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Anshul Kumar Singh, Company Secretary & Compliance Officer.
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.
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