Mumbai: New premium income at life-cover sellers fell 11% to ₹20,434 crore in July, the latest regulatory data showed, pointing to a subdued performance by the Life Insurance Corporation of India (LIC) that has a disproportionate market share even two decades after the country opened up the sector to private competition. IPO-bound LIC reported a … Read more
New Delhi: EY Actuarial Services, Milliman Advisors and Willis Towers Watson Actuarial Advisory are in race for being appointed as the actuarial firm for the process of public listing of Life Insurance Corporation of India. The firms have made presentations to the government on Thursday, following which financial bids have been opened. A senior official … Read more
KOLKATA: Life Insurance Corporation of India (LICI), which is preparing for its Initial Public Offer (IPO) despite volatility in the stock market, has already made a profit of Rs 13,000 crore from its equity portfolio till August this year, a top official said on Wednesday. The insurer has collected about Rs 87,300 crore of renewable … Read more