Life Insurance Corporation of India - 543526 - Opening Of New Places Of Business - Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
it is informed that a new Place of Business of the Corporation, Dhakuakhana Satellite office (44DT003) under Dhemaji Branch in Jorhat Division under East Zone has been opened on 24th February 2023. Life Insurance Corporation of India - 543526 - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Corporation's shareholding in "INDUSTRIAL INVESTMENT TRUST LIMITED.' has diluted from 12,25,017 to 7,57,966 Equity Shares decreasing its shareholding from 5.433% to 3.362% of the paid-up capital of the said Company. Life Insurance Corporation of India - 543526 - Opening Of New Places Of Business - Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
it is informed that a new Place of Business of the Corporation, Losal Satellite office (192T003) under Sikar Branch in Jaipur-1 Division under North Zone has been opened on 22nd February 2023. Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulations 30 and 46(2) (oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find attached herewith the Transcript of Conference Call with Analyst/Investors held on 10th February 2023. The said transcript is also available on the Corporation's website and can be accessed from the link: https://licindia.in/Investor-Relations/Financial-Details/Analysts-Investors-Meet/Call-Transcript-of-Analysts-Investors-Meet Life Insurance Corporation of India - 543526 - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Corporation's shareholding in "TVS MOTOR COMPANY LIMITED.' has diluted from 2,54,87,944 to 1,59,54,697 Equity Shares decreasing its shareholding from 5.365% to 3.358% of the paid-up capital of the said Company Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulations 30 and 46(2) (oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby inform that the Audio Call Recording of Conference Call with Analyst/Investors held on 10th February 2023 is available on the Corporation's website https://licindia.in/Investor-Relations/Financial-Details/Analysts-Investors-Meet/Call-Recording-of-Analysts-Investors-Meet Life Insurance Corporation of India - 543526 - Intimation Of Corporate Presentation
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Corporation will be attending Conferences organized by various fund houses in February 2023. Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Newspaper Publication
The Board of Directors at its Meeting held on 09th February 2023 has inter alia, approved the Unaudited (Standalone and Consolidated) Financial Results of the Corporation for the quarter and nine months ended on 31st December, 2022. The said unaudited Financial Results in the prescribed format were published in the Business Standard (Hindi and English), Navshakti (Marathi) and Free press journal (English) on 10th February 2023. A copy of the results published is attached herewith. These are also being made available on the website of the Corporation at www.licindia.in. Q3FY23 Quarterly Result Announced for Life Insurance Corporation of India
Life Insurance Corporation of India announced Q3FY23 results: 9MFY23: For 9MFY23, LIC registered an increase of 20.65% in the total premium income at Rs 3,42,244 crore as compared to Rs 2,83,673 crore for 9MFY22 during the previous year. The Profit after Tax (PAT) for 9MFY23 was Rs 22,970 crore as compared to Rs 1,672 crore for 9MFY22. The current period profit has increased due to transfer of an amount of Rs 19,941.60 crore (net of tax), pertaining to the accretions on the available solvency margin, from non-par to shareholders account. The amount of Rs 19,941.60 crore comprises Rs 5,669.79 crore for Q3FY23 besides Rs 5,580.72 crore, Rs 4,148.78 crore and Rs 4,542.31 crore for the preceding three quarters respectively The business momentum continues to be strong for LIC and as a result the overall market share by first year premium income (as per IRDAI) was 65.38% for 9MFY23 as compared to 61.40% for the corresponding period last year. On an Annualised Premium Equivalent (APE) basis the total premium was Rs 37,545 crore for the nine months ending December 31, 2022. Of this Rs 23,419 crore (62.38%) was accounted for by the individual business and Rs 14,126 crore (37.62%) by the group business. Within the individual business, the share of par products on APE basis was 90.55% and the balance 9.45% was due to Non-Par products. During 9MFY23, a total of 1.29 crore policies were sold in the individual segment, thereby registering an increase of 1.92% over the nine months ending December 31, 2021 when 1.26 crore policies were sold. For 9MFY23, there was an improvement in persistency ratio on premium basis for both the 13th month and 61st month at 77.61% and 62.73% respectively. For 9MFY22, the comparable persistency by premium for the 13th and 61st month was 76.84% and 61.91% respectively. For 9MFY23 the persistency ratio on number of policies basis for the 13th month and 61st month were 64.99% and 51.42% respectively. The comparable persistency ratios for 9MFY22 were 65.47% and 50.85% respectively. The Assets Under Management (AUM) increased to Rs 44,34,940 crore as on December 31, 2022 as compared to Rs 40,12,172 crore on December 30, 2021 registering an increase of 10.54% year on year. The operating expense ratio for 9MFY23 increased by 27 bps to 15.26% compared to 14.99% for 9MFY22. The yield on investments on policyholders' funds excluding unrealized gains was 8.58% for 9MFY23 as against 8.76% for 9MFY22. The Value of New Business (VNB) (Gross) for the nine months ending December 31st , 2022 was Rs 7,187 crore and the Gross VNB margin was 19.1% while the net VNB margins for the nine months ending December 31, 2022 was 14.6%. The Gross VNB of the Individual Business was Rs 4,683 crore and for Group business was Rs 2,504 crore for nine months ending December 31, 2022. The Gross VNB margins for the individual and group businesses were 20% and 17.7% respectively. Within the individual business, the par business, non-par business (including linked business) had Gross VNB margins of 14.4% and 73.5% respectively. Shri M.R. Kumar, Chairperson, LIC said: - “We continue to remain focussed on creating a portfolio mix to optimise value for all stakeholders, and in that context, increasing the proportion of Non-par business in a consistent and profitable manner. In the Individual business, on an APE basis, the share of Non Par Business has increased to 9.45% for the nine months ended December 31, 2022, as against 7.12% for full year ended March 31, 2022. While the relative growth of various products within the Non-par bucket will vary within each quarter, we believe we are firmly on our way to achieving the target product mix changes. We think the market is showing signs of robust growth and we are confident of retaining and also growing our market share going forward.” Result PDF Life Insurance Corporation of India - 543526 - Clarification On Quick Results Of The Corporation For Quarter & Nine Months Ended On 31St December, 2022
In connection with the quick results for quarter and nine months ended on December 31, 2022 filed by LIC of India today, we have noticed that due to technical issue of conversion of scanned sheets into editable text mode, at various places in financial results, some figures are not visible properly. We are hence filing the results on xbrl with correct figures separately. Kindly take the above clarification of the Corporation on record.