The Finance Ministry on Saturday asked public sector insurance companies including Life Insurance Corporation of India (LIC) to speedily disburse the claim amount to landslide victims and their families in Wayanad and other districts of Kerala.

Finance Ministry asks insurers to speedily disburse claim amount to victims of Wayanad landslide

The Centre and the Life Insurance Corporation of India (LIC) will be offloading 61 percent stake in the bank, which comprises of 30.48 percent stake of the Government of India and 30.24 percent of LIC.

Three potential suitors for IDBI Bank stake sale secured ‘Fit & Proper’ certificate from RBI: Report

The government accused Infosys of evading taxes and sought Rs 32,000 crore ($3.8 billion), or almost all its revenue for the quarter ended June 30. In the last year, India’s goods and services tax department has sent more than 1,000 notices to companies, including Life Insurance Corporation of India, Dr Reddy’s Laboratories and Ultratech Cement.

After $4 billion Infosys demand, India may target other IT majors, source says

The combined market valuation of six of the top 10 valued firms jumped Rs 1,85,186.51 crore last week, with Life Insurance Corporation of India (LIC) and Infosys emerging as the biggest gainers.

Mcap of 6 of 10 valued firms jumps Rs 1.85 trn; LIC, Infosys top winners

The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on Friday.

Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle

The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers.

Mcap of 8 of top-10 most valued firms jumps Rs 2.1 trn; TCS, LIC sparkle

On Friday, Financial Services Secretary Vivek Joshi conducted a review of the Life Insurance Corporation of India’s (LIC) annual performance for the fiscal year 2024. The Ministry’s statement highlighted that senior LIC officials attended the meeting, which centered on evaluating the life insurer’s accomplishments across various financial metrics and strategizing future directions.

Annual performance of LIC for FY24 reviewed

Life Insurance Corporation of India invest Rs 14 cr in Sri Lankan subsidiary

Life Insurance Corporation of India informed that it has increased its stake in IDFC First Bank from 0.20% to 2.68%.

LIC raises stake in IDFC First Bank

Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC) emerging as the biggest gainer, in-line with positive trend in equities.

Mcap of 5 of top10 valued firms jumps Rs 85582 cr LIC biggest gainer

Following a sharp rally in Indian stocks, the total assets under management of state-owned insurance giant LIC have crossed the Rs 50 lakh crore mark, nearly doubling the size of Pakistan's GDP. According to the latest data, Life Insurance Corporation of India's AUM has advanced by 16.48% YoY to Rs 51,21,887 crore, which translates to $616 billion as of March-end. The same was Rs 43,97,205 crore at the end of FY23. According to the IMF, Pakistan's GDP is only about $338.24 billion. At $616 billion, LIC's mountain of money is now nearly double that of Pakistan's economy. The size of the PSU's insurance fund is also bigger than the combined GDPs of 3 neighbours - Pakistan at $338 billion, Nepal at around $44 billion, and Sri Lanka at $75 billion. 

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LIC manages money nearly 2x the size of Pak economy, higher than Denmark & Singapore’s GDP too

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Life Insurance Corporation of India is engaged in the business of life insurance in and outside India. It has a diversified product portfolio covering various segments across individual products and group products.

Life Insurance Corporation Of India