Financial Advisor sonar prakash

26/05/2019

04/09/2018

https://m.youtube.com/watch?v=BClXx1J6p7U

26/08/2017

11/08/2017

02-AUG-2017

145% PROFIT ON EQUITY BETS IN Q1! HOW LIC MADE ITS MONEY

Rahul Oberoi,

The country’s largest insurer, Life Insurance Corporation of India (LIC), registered an eye-popping 145 per cent surge in profit on its equity portfolio in June quarter of FY18.

LIC increased stake in 40 companies during the quarter gone by. Among the biggies, L&T saw LIC holding go up from 16 per cent in Q4 of FY17 to 17.97 per cent in Q1 of FY18. In Nalco, it went up from 10.57 per cent to 14.46 per cent, Bank of India from 13.87 per cent to 14.25 per cent and and Dena Bank from 12.23 per cent to 12.29 per cent.

LIC also increased stake further in Orissa Minerals from 1.54 per cent to over 15 per cent. Bank of India sold 3.35 crore shares equivalent to over 3.12 per cent holding to LIC through an open market purchase on a preference allotment basis on June 28, 2017.

Calculated on the weighted average price (WAP) of Rs 134.59 apiece on June 28, the valuation of the deal comes to over Rs 450.87 crore.

During the quarter, LIC purchased shares worth over Rs 5,800 crore in banking major State Bank of India’s Rs 15,000 crore qualified institutional placement (QIP). The insurance firm bought 38.67 per cent of the shares put on the block via the QIP issue.

Following the investment, LIC’s shareholding in SBI increased to nearly 10.60 per cent from 8.60 per cent.

Source: Economic Times
Sonar prakash
9000070555

05/08/2017

02-AUG-2017

145% PROFIT ON EQUITY BETS IN Q1! HOW LIC MADE ITS MONEY

Rahul Oberoi,

The country’s largest insurer, Life Insurance Corporation of India (LIC), registered an eye-popping 145 per cent surge in profit on its equity portfolio in June quarter of FY18.

LIC increased stake in 40 companies during the quarter gone by. Among the biggies, L&T saw LIC holding go up from 16 per cent in Q4 of FY17 to 17.97 per cent in Q1 of FY18. In Nalco, it went up from 10.57 per cent to 14.46 per cent, Bank of India from 13.87 per cent to 14.25 per cent and and Dena Bank from 12.23 per cent to 12.29 per cent.

LIC also increased stake further in Orissa Minerals from 1.54 per cent to over 15 per cent. Bank of India sold 3.35 crore shares equivalent to over 3.12 per cent holding to LIC through an open market purchase on a preference allotment basis on June 28, 2017.

Calculated on the weighted average price (WAP) of Rs 134.59 apiece on June 28, the valuation of the deal comes to over Rs 450.87 crore.

During the quarter, LIC purchased shares worth over Rs 5,800 crore in banking major State Bank of India’s Rs 15,000 crore qualified institutional placement (QIP). The insurance firm bought 38.67 per cent of the shares put on the block via the QIP issue.

Following the investment, LIC’s shareholding in SBI increased to nearly 10.60 per cent from 8.60 per cent.

Source: Economic Times

05/08/2017

Life Insurance famous Quotes Rediscovered 👍

👉When you lose a bread winner, we can not replace a winner, but we can replace the bread.😆
👉 Sell the problem, not the product.
👉 Wives don't like Insurance, widows do.
👉 I am yet to meet a widow who says her husband had enough Insurance.
👉 Will you enjoy your Retirement or retire from your Enjoyment?
👉 Agents do not fail in our business, they just stop trying.
👉 Life Insurance is at its best when you are at your worst.😢😢
👉 A Young person gets 2 pay cheques:- 1) for the person they are now, 2) for the older person they will become. The problem is keeping the young person from spending older person's money.😃😀
👉 Do you spend more on Saturdays or Mondays? Retirement is like lifetime of Saturdays... Very Expensive.
👉 If you do not come home tomorrow, one of two things can happen:
I can come with my condolences or, come with CLAIM Cheque.
👉 My Clients do not hire me to make them rich, they hire me to make sure they are never poor.
👉 No Agent ever failed because he has too many Appointments.
👉 There is much less competition in going after Big Goals.
Feel Proud to be a Life Insurance Professional.

09/07/2017