Stock market investors are eagerly awaiting a new sector category of insurance as more insurance firms get listed in 2017-18. ICICI Prudential Life Insurance, the largest private sector insurer, came out with its public issue in September 2016, while HDFC Life and Max Life announced a merger in August, which is yet to receive regulatory approval. In this year’s Union Budget, Finance Minister Arun Jaitley announced the listing of state-owned general insurance companies, now preparing for their initial public offerings (IPOs).
After the IPO of public sector banks in the past few decades, the listing of insurance players will be the next big change in the country’s financial services sector.
