Life Insurance Corporation
Indian public sector life insurer
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| February 18 2025 | LIC's listed holdings were valued at $166.5 billion, reflecting a 5.7% mark-to-market loss of $10.1 billion from its previous peak valuation. |
| December 2024 | Four additional security vulnerabilities were identified in LIC's system, revealing systemic issues with document ID encryption and JSON Web Token authentication. The vulnerabilities were related to sequential document IDs and improperly validated JWT claims, potentially compromising customer data. |
| December 9 2024 | Prime Minister Narendra Modi officially inaugurated LIC's Bima Sakhi Yojana scheme in Panipat, Haryana, aimed at empowering women as insurance facilitators and promoting financial inclusion in rural areas. |
| October 2024 | A critical security vulnerability was discovered in LIC's 'esales' portal, allowing unauthorized access to customer insurance form proposals by modifying the URL. The vulnerability exposed sensitive personal information including mobile numbers, email addresses, identity documents, and financial details. |
| 2022 | LIC ranked 98th on the Fortune Global 500 list, highlighting its significant position in the global insurance market. |
| May 9 2022 | LIC's IPO concluded, with the Government of India aiming to raise ₹21,000 crore by offering a 3.5% equity stake, valuing the company at approximately ₹6 lakh crore. |
| May 4 2022 | LIC's Initial Public Offering (IPO) opened to the public, marking a significant milestone in the company's history. |
| 2021 | Finance Minister Nirmala Sitharaman announced a proposal for an initial public offering (IPO) for the Life Insurance Corporation of India (LIC) in the Union budget, with plans to enhance LIC's authorized capital to ₹250 billion to facilitate public listing. |
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