LIC Housing Finance Share Price
Lic Housing Finance Share Price — LIC Housing Finance Limited is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office in Mumbai. LIC HFL is a subsidiary company of LIC.
Relevant questions and answers about Lic Housing Finance Share Price
Is Lichsgfin a good buy?
PE vs Industry: LICHSGFIN is a good value based on its PE Ratio (11.6x) compared to the Indian Mortgage industry average (22x). PE vs Market: LICHSGFIN is a good value based on its PE Ratio (11.6x) compared to the Indian market (20.7x).
Also, read about L&T Finance Holdings Share Price
What is the expected share price of LIC?
The expected price band of the LIC IPO could be anywhere between Rs.400 and Rs.600. The Government of India plans to launch the LIC IPO by this year’s last quarter.
What is LIC share price? 401.10
Does LIC Housing Finance give dividend?
For the year ending March 2021 LIC Housing Finance has declared an equity dividend of 425.00% amounting to Rs 8.5 per share. At the current share price of Rs 438.30 this results in a dividend yield of 1.94%.
LIC Housing Finance Ltd.
Is LIC Housing Finance a government company?
LIC Housing Finance Limited (LIC HFL) is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office at Mumbai. LIC HFL is a subsidiary company of LIC.
LIC Housing Finance.
|Parent||Life Insurance Corporation of India|
Is LIC running in loss?
“The insurance industry had lost about Rs 45,000 crore in new and renewable premiums in the last fortnight of FY20 due to the COVID-19 pandemic. … LIC has booked a profit of Rs 13,000 crore from equity operation and is still a net investor of Rs 28,000 crore in the market.”
Who is the owner of LIC?
Ministry of Finance Government of India and Life Insurance Corporation/Parent organizations.
What is the net worth of LIC?
Starting with an initial capital of ₹5 crore in 1956, LIC currently has asset base of ₹38,04,610 crore, with Life Fund to the tune of ₹34,36,686 crore. As per a survey report released by Brand Finance Insurance 100, LIC is ranked as the 3rd Strongest and 10th most valuable brand, in the world.
Is LIC Housing Finance safe?
The LIC HFL FD is rated as a stable and safe investment to make by CRISIL. This means that the investment is a highly stable one that offers guaranteed returns. The interest rates offered on LIC fixed deposits are very competitive and offers a higher rate of return when compared to your average savings account.
Who is the owner of LIC Housing Finance?
Life Insurance Corporation LIC Housing Finance/Parent organizations.
Who is the CEO of LIC?
Presently, MR Kumar is the LIC chairman, whose tenure was extended by another two years last week. Currently, LIC has four MDs — Vipin Anand, Mukesh Kumar Gupta, Raj Kumar and Siddhartha Mohanty.
Is LIC going to be Privatised?
The Government today said that Life Insurance Corporation of India (LIC) has not been privatized. Replying to a supplementary question during the Question Hour in Lok Sabha, Minister of State for Finance, Anurag Thakur said, the government is bringing in the IPO to usher in transparency and valuation.
Is LIC a PSU?
Life Insurance Corporation of India (abbreviated as LIC) is an Indian statutory insurance and investment corporation. It is under the ownership of Ministry of Finance , Government of India.
What is the salary of LIC chairman?
Parekh, who missed out on watching matinee shows and playing cricket during his youth, is now a millionaire who can afford most luxuries of life. As an agent, his annual income is over Rs 4 crore, around five times more than the Rs 87 lakhs that LIC chairman DK Mehrotra took home last year.
Who is MD and CEO of LIC?
Mini Ipe has taken charge as Managing Director of Life Insurance Corporation of India. She was named by the Centre on July 5 this year. Ipe was previously Executive Director of LIC’s Legal Department. A postgraduate in Commerce from Andhra University, Ipe had joined LIC in 1986 as a direct recruit officer.
Is LIC central government job?
Yes, LIC recruitments are classified under government jobs.
Which is bigger LIC or reliance?
That would make it bigger than Reliance Industries Ltd., which is currently India’s largest listed company with a market value of about $199 billion. LIC had total assets of 32 trillion rupees ($439 billion) in the financial year 2019-2020, according to its latest annual report.
Is LIC profit making?
India (LIC) booked a record ₹37,000 crore profit from share sales in 2020-21, the highest in its 65-year history, as the stock market reached record highs. The latest profit is a 44.4% jump against its ₹25,625 crore profit from stock sales in fiscal 2020.
Where does LIC invest their money?
LIC invests in the stock market under its Unit Linked Plans (ULIP’s). In the years 2011-12, LIC increased its holdings in government banks like Allahabad Bank, Union Bank of India, UCO Bank, Syndicate bank. LIC also increased its holdings in some private banks as well, like Axis Bank and Yes Bank.
Is LIC better than FD?
Fixed deposits are best for both short and medium-term investments whereas life insurance plans are designed for long-term investments. You can invest for a period of as low as 7 days in fixed deposits unlike a life insurance plan wherein you need to invest for at least 10 years. You can invest a minimum amount of Rs.
Can I close my LIC policy after 5 years?
Moreover, if you have paid your premiums for more than four years, but less than five years, then you will receive 90% of the total maturity sum assured as a special surrender value. A 100% special surrender value is given out if the policyholder has regularly paid the premiums for five years.
Do LIC employees get pension?
Superannuation Pension. – Superannuation pension shall be granted to an employee who has retired on his attaining the age specified in rule 14 of the Service Rules or sub-regulation (1) or sub-regulation( 2) of regulation 19 of the Staff Regulations.