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Life Insurance Corporation launches two Aadhaar based policies - 'Aadhaar Shila' & 'Aadhaar Stambh'
24-Apr-2017 (17:49)
SBI Life Insurance moves a step closer to IPO, invites proposal from merchant bankers
24-Apr-2017 (16:54)
Edelweiss Tokio Life Insurance gets IRDAI nod for first-ever POS Life Product
24-Apr-2017 (16:31)
Group single premia boost life insurers income by 26% in FY17
24-Apr-2017 (09:42)
LIC to infuse Rs 407 crore in IDBI; hike stake to 14.25%
22-Apr-2017 (20:09)

Life Insurance Corporation of India (LIC) will infuse Rs 406.9 crore in IDBI Bank increasing its stake 14.25 per cent in the state-owned lender.

In a regulatory filing, IDBI Bank said it received a letter today from the LIC "for infusion of capital to the tune of Rs 406.90 crore on preferential allotment basis".

The capital infusion from the state-owned insurance behemoth is within the capital amount (up to Rs 600 crore) proposed to be issued to financial institutions including insurance companies, mutual funds, and banks, it added.

Currently, the LIC has 13.76 per cent stake in the bank.
LIC posts 27 per cent growth in first year premium in FY17
20-Apr-2017 (09:37)
Life insurance companies new business premium up 26% in March FY17
18-Apr-2017 (09:35)
LIC to soon get bankers on board for managing lending operations
15-Apr-2017 (13:02)
Insurance Regulator IRDAI unveils online market place for selling policies by insurers
15-Apr-2017 (09:38)
HDFC Life brings country's first life insurance Chatbot with Haptik
12-Apr-2017 (11:45)
Get more benefit through buying online policy.
11-Apr-2017 (11:25)
Panel of 13 actuaries available for Insurers to review products
04-Apr-2017 (11:25)
IRDAI hikes third-party motor insurance premium by up to 41%
29-Mar-2017 (09:42)
Insurance regulator IRDAI slaps Rs 20 lakh fine on ICICI Prudential Life
28-Mar-2017 (16:55)
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