Success with the initial public offering (IPO) of Life Insurance Corp. of India (LIC) may prompt the government to privatize one of its general insurance companies this year, two people aware of the matter said.
After the listing of LIC, the government will start work to identify one of its three general insurers—National Insurance Co., United India Insurance Co. and Oriental India Insurance—for privatization and begin the work on it after their first-quarter earnings are in, the people cited above said on condition of anonymity.
