With the Budget announcement setting off the process for listing insurance behemoth LIC, the life insurance space is buzzing with activity. LIC has delivered a robust performance over the past year, gaining substantial market share. A huge investment book of ₹31-lakh crore, and strong agency network comprising about 12 lakh agents, is a big positive for the insurer, slated to hit the primary market in the end of FY21. MR Kumar, Chairman, LIC, told BusinessLine in an interview that arriving at a proper valuation, keeping in mind the size and structure of the organisation, will be critical. Excerpts:
