News From Press LIC's share in life insurance was dwindling, pandemic only sped the decline

LIC's share in life insurance was dwindling, pandemic only sped the decline

India's biggest insurer is losing market share and faltering on growth like never before, as it prepares to go public through an IPO

Source: BS Sep 24, 2021

Life Insurance Corporation of India, a 65-year-old company run by the government of India, which has also been the market leader in its space ever since, is currently in the process of readying itself for an initial public offering. Various estimates of its valuation are doing rounds, and some of them have put the expected size of the IPO close to Rs 1 trillion--higher than any IPO in the history of India’s financial market history.

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