LIC

LIC is reportedly planning to transfer nearly $22 billion from policyholders' funds into a fund earmarked to pay dividends or issue bonus shares.

The insurer listed on Indian stock exchanges in May, but its stock has since dropped by more than 35 per cent, wiping off nearly Rs 2.23 lakh crore in investor wealth. The state-owned insurer is reportedly planning to transfer nearly $22 billion from policyholders' funds into a fund earmarked to pay dividends or issue bonus shares. Shares of state-run Life Insurance Corporation (LIC) rallied over 2.5 per cent in early trade on Monday on reports that the company plans to pay dividends or issue bonus shares to shareholders. This website uses cookies or similar technologies, to enhance your browsing experience and provide personalised recommendations. According to news reports, life insurance companies primarily sell two types of products: the first are 'participating policies' where profits are shared with customers and second are 'non-participating' or 'non-par' policies that have fixed returns. Meanwhile, the LIC is planning to transfer nearly $22 billion from policy holders' funds into a fund earmarked to pay dividends or issue bonus shares, citing sources Reuters said, as the country's largest insurer aims to shore up both its own net worth and investor confidence.

LIC Share Price: LIC's net profit jumped to Rs 682.88 crore in the June quarter from Rs 2.94 crore a year ago.

LIC’s net profit jumped to Rs 682.88 crore in the June quarter from Rs 2.94 crore a year ago. Its shareholding in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, increasing its stake from 7.052 per cent to 9.072 per cent of the paid up capital of the company. On the other hand, Life Insurance Corporation of India has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of Rs 257.37 crore. LIC Share Price Today: Shares of Life Insurance Corporation of India (LIC) surged around 1.88 per cent today to Rs 603.85 per share from its earlier close of Rs 592.95 on Friday. The 1.8 trillion Indian rupees (around $22 billion) fund is one-sixth of the 11.57 trillion rupees LIC has in its non-participating fund. Since its listing in May after the IPO, LIC share prices have fallen by around 35 per cent and investors lost around Rs 2.23 lakh crore.

Shares of Life Insurance Corporation (LIC) rallied 4.1 per cent to Rs 617.1 in Monday's intraday trade on BSE.

Compared to the record high of Rs 920 on a listing day, the stock is down 35.65 per cent till date. The company offered its shares in a price band of Rs 902-Rs 949 during the IPO. It closed at Rs 595.45 on October 27, implying a decline of over 31 per cent to the listing price. Other income came in at Rs 160.09 crore in Q1FY23 against Rs 145.47 crore in Q1FY22. LIC reported a stellar set of earnings for the quarter ended June 2022. The move is aimed to shore up both its own net worth and investor confidence.

Life Insurance Company of India (LIC) shares rose 4.1% to Rs 617.1 in BSE intraday trade on Monday after reports that the company plans to move nearly $22 ...

The stock has fallen nearly 10% in the past three months and more than 30% since the state-owned insurer listed on the Indian stock exchange in May. LIC was listed on the Indian stock exchange in May, but the share price has since fallen by more than 30%. LIC will deposit premiums collected on non-face value policies into a non-participating fund. At 11:25 am, the stock was up 2.77% at Rs 609.35 from its previous close of Rs 592.95. According to Trendlyne, the top target for the stock was raised to Rs 1,000, while the average estimate was at Rs 853.9, suggesting an upside potential of around 44.1% from the current price. The state-owned insurer reportedly plans to divert nearly $22 billion from policyholders’ funds into a fund dedicated to paying dividends or issuing bonus shares.

stock marketஎல்ஐசி பங்கு விலை இன்று திடீரென உயர்ந்துள்ளது - போனஸ், டிவிடெண்ட் வழங்க ...

நிப்டி 225.40 புள்ளிகள் உயர்ந்து 18,012.20ஐ தொட்டுள்ளது. சென்செக்ஸ் 786.74 புள்ளிகள் உயர்ந்து 60,746.59ஐ தொட்டுள்ளது. இதன் விலைவாக இன்று எல்ஐசி பங்கு விலை உயர்ந்துள்ளது.

എൽഐസി ഓഹരി നിക്ഷേപകരുടെ വിശ്വാസം വീണ്ടെടുക്കാനുള്ള ശ്രമത്തിലാണ്. insu-lic. SHARE.

നിലവിൽ പ്രമോട്ടേഴ്സിന് 96.5 ശതമാനവും റീട്ടെയിൽ നിക്ഷേപകർക്ക് 2.42 ശതമാനവും ഓഹരി പങ്കാളിത്തമാണ് എൽഐസിയിൽ ഉള്ളത്. അതേസമയം നിശ്ചിത വരുമാനം ഉറപ്പു നൽകുന്ന നോൺ പാർട്ടിസിപ്പേറ്റിങ് പോളിസികളിൽ ഉടമകൾക്ക് നൽകിക്കഴിഞ്ഞതിനു ശേഷമുള്ള ലാഭം നോൺ പാർട്ടിസിപ്പേറ്റിങ് ഫണ്ടിൽ വകയിരുത്തുകയാണു പതിവ്. വിപണി ബന്ധിതമായ പാർട്ടിസിപ്പേറ്റിങ് പോളിസികളിലെ ലാഭം ഉടമകൾക്ക് വീതിച്ചു നൽകും.

The insurance behemoth plans to transfer about $22 billion from funds of policyholders to a fund which has been set aside for paying dividends or issuing bonus ...

We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. LIC’s shares were listed on the Indian bourses in May this year at an issue price of Rs 949 apiece.

The Reserve Bank of India imposed fines on several financial entities for non-compliance of norms.The amount of fines ranged from Rs. 1.76 crore to Rs. 2 ...

After examination and evaluation, it was revealed that LIC Housing Finance failed to create floating charge in favour of its depositors on a portion of the ...

[LIC Housing Finance](https://www.moneycontrol.com/india/stockpricequote/finance-housing/lichousingfinance/LIC) Ltd for non-compliance with certain provisions of National Housing Bank (NHB). "This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 52A read with clause (aa) of sub-section (3) of section 49 of the National Housing Bank Act, 1987 (NHB Act)," the RBI said in a release. The Reserve Bank of India (RBI) on October 31 imposed a monetary penalty of Rs 5 lakh on