LIC's health insurance foray to heighten competition, may trigger consolidation
Industry players anticipate changes in premiums and market dynamics28-05-2024
28-05-2024
Life Insurance Corporation of India - 543526 - Compliances-Reg.24(A)-Annual Secretarial Compliance
In terms of Regulation 24A of the SEBI (LODR) Regulations, 2015, we enclosed herewith the Annual Secretarial Compliance Report dated May 27, 2024, issued by M/s. S. N. Ananathasubramanian & Co. Practising Company Secretaries for the Financial Year ended on March 31, 2024.28-05-2024
FY24 Annual Result Announced for Life Insurance Corporation of India
Life Insurance company Life Insurance Corporation of India announced FY24 results: Profit After Tax at Rs 40,676 crore Bonus to participating policyholders at Rs 52,956 crore Board recommends final dividend of Rs 6/- Per Share, in addition to Rs 4/- interim dividend declared earlier Non-Par APE share within Individual business grows by 943 bps to 18.32%. Non-Par APE increased by 104.94% to Rs 7,041 crore Indian Embedded Value (IEV) increases by 24.92% to Rs 7,27,344 crore AUM increased by 16.48% to Rs 51,21,887 crore Value of New Business (VNB) increased by 4.66% to Rs 9,583 crore. VNB Margin (Net) increased by 60 bps to 16.8% Solvency Ratio increased to 1.98 from 1.87 The Board of Directors recommended a final dividend of Rs 6/- per share for the financial year 2023-24 subject to approval of shareholders. Earlier, during the year an interim dividend of Rs 4/- was declared and paid to shareholders of the corporation. Therefore the total of interim and recommended final dividend aggregates to Rs 10/- per share. Shri Siddhartha Mohanty, Chairperson, LIC said – “During the last year we have focused on directional changes in our product mix and enhancing margins in the business. We have more than doubled our share of Non-par business within our Individual business. Now we intend to focus our strategic interventions to maximize our market share across categories. At the same time, our sharp focus on various parameters which create superior value for all stakeholders shall continue, as demonstrated. There are key initiatives related to distribution channel and digital transformation underway. We are confident that our employees, agents and our channel partners are fully committed to achieving these objectives. We look forward to this current year as the one in which our topline growth trajectory will be back in focus.” Result PDF28-05-2024
Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of the Securities Exchange Board of India (LODR) Regulations, 2015, Financial Results for the quarter and year ended March 31, 2024 are published in the Business Standard (Hindi and English), Navshakti (Marathi) and Free Press Journal (English) in the prescribed format on May 28, 2024.28-05-2024
Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
We hereby inform that the Audio Recording of Conference Call with Analyst/Investors held on May 28, 2024 is available on website of the Life Insurance Corporation of India.28-05-2024
Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 (LODR) - GST Litigation Of Uttarakhand
This is to inform that Life Insurance Corporation of India has received communication/demand order for Goods & Service Tax, Interest and Penalty for Uttarakhand State. The order is appealable before the Commissioner (Appeals), Uttarakhand.28-05-2024
JP Morgan maintains overweight rating on LIC post Q4 results, sees 29% upside
JP Morgan maintains 'Overweight' rating on LIC post Q4 results, setting target price of Rs 1,340. LIC's market share growth and strong earnings drive stock performance.28-05-2024
Life Insurance Corporation of India - 543526 - Disclosure Of Related Party Transaction For The Second Half Year Ended March 31, 2024
We are enclosing herewith the Related Party transaction of the Life Insurance Corporation of India for the second half year ended March 31, 202427-05-2024
Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Investor Presentation
this is to inform that the presentation for Analyst Call of Life Insurance Corporation of India to be held on May 28, 2024 is available on website of the Corporation.27-05-2024
Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 Of SEBI (LODR) - Declaration For Audit Report With Unmodified Opinion
We enclosed herewith the Declaration duly signed by the Chief Financial Officer of the Life Insurance Corporation of India in terms of Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015.27-05-2024