LIC

FM Sitharaman Defends Insurance Reforms, Says PSU Insurers Stronger, FDI Boosts Growth

Dec 17, 2025, 02:16 PM IST

In Lok Sabha Finance Minister Nirmala Sitharaman addressed concerns over the future of public sector insurance companies, highlighting the government’s focused reforms since 2014. She said capital infusion of ₹17,450 crore was made into three public sector general insurers to strengthen their balance sheets, resulting in LIC, GIC Re and AICIL reporting their highest-ever profits last year. The Finance Minister explained that FDI limits in insurance were gradually raised from 26% to 49% in 2015 and further to 74% in 2021 to attract global capital and expertise, while ensuring reinsurance premiums remain within India. She added that the number of insurers rose from 53% in 2014–15 to 74% in 2024–25, with insurance penetration, density, premiums and assets under management showing sharp growth over the decade.

LIC’s 'Bima Sakhi' Empowers Women, Strengthens Insurance Coverage: FM

Dec 17, 2025, 01:49 PM IST

In Lok Sabha Finance Minister Nirmala Sitharaman highlighted the impact of LIC’s Bima Sakhi initiative, launched by Prime Minister Narendra Modi in December 2024. She said close to two lakh women have been trained and deployed as insurance agents under the scheme, helping expand insurance coverage across households, especially among women who are often excluded from the protection net. The Finance Minister stressed that the government values the contribution of India’s 14 lakh insurance agents and is committed to protecting their livelihoods. She reiterated that all policy measures will strengthen agents’ roles in last-mile insurance delivery. Sitharaman added that LIC will be granted greater operational autonomy to enhance efficiency and outreach.

Sabka Bima Sabki Suraksha Bill 2025: Why Star Health, LIC shares are in focus today

Dec 17, 2025, 08:12 AM IST

Emkay Global said the exclusion of composite licensing and open architecture in the agency channel alleviated long-standing concerns for Star Health and Allied Insurance.

Union Cabinet approves Insurance Amendment Bill; details to be disclosed shortly

Dec 12, 2025, 03:43 PM IST

The proposed legislation seeks to amend three core acts — the Insurance Act, the LIC Act and the IRDAI Act — to unlock new avenues for capital infusion, simplify licensing and entry norms, and tighten governance and oversight across the industry.

Top stocks in news: Tata Steel, LIC, Cipla, TCS, Adani Enterprises, Mazagon Dock, SBI, BoB

Dec 11, 2025, 07:13 AM IST

Stocks including Tata Steel, LIC of India, Cipla, TCS, Adani Enterprises, Mazagon Dock, SBI, Bank of Baroda, SBI Life and more will be in the spotlight on Thursday, December 11.

LIC introduces Protection Plus and Bima Kavach plans, outlining minimum sum assured and entry age details

Dec 04, 2025, 06:58 PM IST

While Protection Plus blends life cover with market-linked savings, Bima Kavach is designed as a pure protection plan offering a guaranteed death benefit.

LIC’s big bets: Half of its Rs 17-lakh crore equity portfolio is parked in these 14 blue-chip giants

Dec 03, 2025, 11:38 AM IST

An analysis by BT Research shows that 14 large-cap stocks together account for Rs 8.5 lakh crore of LIC’s equity portfolio

No direction to LIC on Adani investments; all decisions based on SOPs, Govt tells Lok Sabha

Dec 01, 2025, 06:25 PM IST

Sitharaman noted that LIC’s investment decisions are governed by the Insurance Act, 1938, and regulatory frameworks set by IRDAI, the RBI, and SEBI, wherever relevant.

Kotak Mahindra Bank seen as frontrunner in IDBI Bank sale as govt targets 2026 privatisation deadline

Nov 22, 2025, 05:09 PM IST

The Centre aims to complete IDBI Bank’s privatisation by FY26, with DIPAM overseeing the planned 61% stake sale. Currently, the government holds 45.48% in the bank, while LIC owns 49.24%.

GST cut boosts life insurance premiums: 12.1% growth in October

Nov 11, 2025, 04:57 PM IST

The surge in premiums is largely driven by robust performance in the individual segment, particularly non-single premium policies, reflecting a growing demand for recurring life insurance products.

Sensex, Nifty snap three-day losing streak; IT stocks lead recovery

Nov 10, 2025, 04:33 PM IST

Sensex and Nifty snapped a three-day losing streak, closing higher on Monday, led by IT stocks such as Infosys and HCL Technologies.

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