
LIC listing: Stock fall 8% after historic IPO; investors lose ₹46,000 cr
LIC shares ended at ₹875.45 compared with the IPO price of ₹949, eroding around ₹46,000 crore in investor wealth.
LIC shares ended at ₹875.45 compared with the IPO price of ₹949, eroding around ₹46,000 crore in investor wealth.
Aegon Life Insurance is now unraveling its tech-enabled journey from the next quarter, adding more digital partners, amassing more business.
66% individuals are not comfortable purchasing health or term insurance digitally, through a website or mobile application.
LIC is likely to launch its IPO in March this year and it is expected to file its draft red herring prospectus (DRHP) with the market regulator by next week.
BFL is developing five marketplaces -- EMI store, insurance, investment, health and broking app -- on the digital platform.
Covid-19 has managed to boost the awareness and penetration of insurance, giving a leg-up to the industry.
Liabilities and major expenses cannot be ignored while planning for financial emergencies. Inflation impacts quality of living with time.
Currently, all financial purchases are clubbed under the same section 80C for deduction under the income tax, capped at ₹1,50,000.
As compared to Q1 2021, the average term insurance prices have risen by 9.75% in the term index value in the quarter under consideration.
The life insurance industry is likely to post a 200-300% increase in claims this year, hurting the profitability of most insurers.