Live Breaking News & Updates on Lic of india

Stay informed with the latest breaking news from Lic of india on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Lic of india and stay connected to the pulse of your community

Indian Bank gains after board approves divesting ASREC stake

Indian Bank rose 1.15% to Rs 140.75 after the bank said its board accorded in-principal approval for partial or full disinvestment of bank's stake in joint venture, ASREC (India).The bank holds a 38.26% stake in ASREC (India) and the decision to divest stake is part of monetisation of the bank's non- core assets.
Apart from Indian Bank, LIC of India, Bank of India, Union Bank of India and Deutsche Bank are the other shareholders in the company.
ASREC (India) acquires non performing assets (NPAs) from the banks/financial institutions at mutually agreed prices with the objective is to maximise the returns through innovative resolutions strategies. ASREC positions itself as the multi lender ARC in the public sector aiming to earn the confidence of the financial system in the effective resolution of NPAs by operating in transparent manner with flexibility of the private sector.

India , Indian-bank , Deutsche-bank , Union-bank , Capital-market , Public-sector-banks-in-india , Financial-services , Economy-of-india , Banks-nec , Corporate-banks , Consumer-leasing

The distress sale of national assets is unwise

The distress sale of national assets is unwise
Updated:
Updated:
March 04, 2021 12:45 IST
The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth
Share Article
AAA
The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth
The origin of the ongoing crisis in the Indian economy was the fateful night of November 8, 2016. Dr. Manmohan Singh’s prescient words in Parliament — that demonetisation would lead to a 2% drop in the GDP — were not heeded by Prime Minister Narendra Modi. On the contrary, a badly designed and hastily implemented flawed Goods and Services Tax (GST) followed, further devastating vast numbers of medium and small enterprises, as well as the vast informal sector of the economy. Together, these twin disasters robbed millions of their livelihoods and plunged the Indian economy into a prolonged slump that predates the COVID-19 pandemic.

Hindustan , India-general , India , Narendra-modi , Manmohan-singh , Sonia-gandhi , Gross-npas , Industrial-development-bank , National-democratic-alliance , Hindustan-petroleum-corporation-limited , Videsh-sanchar-nigam-limited , United-progressive-alliance

LIC's Jeevan Umang plan: Check benefits, other details of this policy

Highlights
Jeevan Umang plan offers income and protection.
Annual survival benefits.
New Delhi: Insurance behemoth Life Insurance Corporation of India (LIC) comes out with various types of insurance policies suiting individual needs and preference.
Life Insurance Corporation of India’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.
Eligibility Conditions and Other Restriction of LIC’s Jeevan Umang plan

India , New-delhi , Delhi , Jeevan-umang , Life-insurance-corporation-of-india-jeevan-umang , Life-insurance-corporation-of-india , Life-insurance-corporation , Insurance-corporation , Basic-sum-assured , Paying-term , Lic-of-india , Lic-jeevan-umang

Budget 2021: LIC IPO To Be Out In FY22, Says Finance Minister Nirmala Sitharaman

The finance minister added that legislative amendments to this effect will be launched in the Parliament in the budget session.

India , Nirmala-sitharaman , Life-insurance-corporation-of-india , Union-budget , Life-insurance-corporation , Lic-ipo , Lic-listing , Lic , Lic-of-india , Union-budget-2021 , Budget-2021 , Budget-announcement

Government banking on buybacks, dividends

The government will rely on proceeds from buybacks and dividends from public sector enterprises to shore up non-tax revenues as key strategic divestments, including Air India and BPCL, are likely to conclude only in the next financial year, said officials.

India , New-delhi , Delhi , Air-india , Public-sector-enterprises , Ntpc , Lic-of-india , Idbi-bank , Government , இந்தியா , புதியது-டெல்ஹி

What private play changed in insurance in 2 decades

What private play changed in insurance in 2 decades
SECTIONS
Share
Synopsis
Come 2020, she is selling lakhs of insurance policies at the tap of an app on mobile phones and all it takes is a few minutes to mail the policy document instead of weeks of wait for the policy to arrive by the unpredictable India Post to shove it to safety in the steel cupboard.
Agencies
With insurers such as ICICI Pru Life, HDFC Life, ICICI Lombard and GIC Re getting listed, investor interest is gathering momentum as well.
INSIGHTS
NSE
About a quarter of a century ago when a budding finance executive at

India , Chintamani , Karnataka , Mumbai , Maharashtra , Vibhah-padalkar , Ayushman-bharat-yojana , Bimal-jalan , Sandeep-ghosh , J-hari-narayan , Naveen-tahilyani , Life-insurance-corp