LIC Housing Finance cuts home loans to 7.4%

LIC Housing Finance, the second-largest mortgage company, has said that it will offer home loans at 7.4% to those who have a good credit score and have a term life insurance policy large enough to cover their loan. A company official said that the term insurance policy could be from any insurance company and not necessarily the Life Insurance Corporation.

LIC IPO may come in 2nd half of FY21, says finance secretary

Listing of insurance behemoth Life Insurance Corporation may be done in the second half of the next financial year, finance secretary Rajiv Kumar said on Sunday. Listing of LIC will bring in greater transparency, public participation and also deepen the equity market, he said. Asked about the quantum of dilution, Kumar said, it could be 10 per cent but no decision has been taken so far.