News From Press Five things to know about LIC IPO if you are a policyholder

Five things to know about LIC IPO if you are a policyholder

Source: Mint Feb 15, 2022

Life Insurance Corporation of India (LIC) has applied for its much-awaited initial public offer (IPO) with the markets regulator and plans to sell 5% of its stake through an offer for sale (OFS). As per the insurance major’s draft red herring prospectus (DRHP), which was filed on 13 February, LIC boasts of nearly 29 crore policyholders and a 74.6% market share in terms of a number of individual policies issued for the financial year 2021.

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