News From Press LIC IPO: RFP soon to appoint actuary to determine shareholder value

LIC IPO: RFP soon to appoint actuary to determine shareholder value

Source: The Hindu BusinessLine Oct 17, 2020

The Department of Investment and Public Asset Management (DIPAM) will soon issue a Request for Proposal (RFP) to appoint an actuary for determining the Indian Embedded Value (IEV) for Life Insurance Corporation of India.

The IEV is a measure of the consolidated value of shareholders’ interest in the life insurance business within the meaning of the Insurance Act, 1938, and applicable IRDAI regulations.

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