The insurance sector, which otherwise has been a quiet participant in the initial public offering (IPO) of companies, will have about three new listed entities by the end of this financial year.
ICICI Prudential Life Insurance was the first listed insurance company in the country, being listed in 2016.
While the initial plan was to have insurance companies list on the stock exchanges once they complete ten years in business, not all insurance companies were in favour of this. Hence, this was not made mandatory for insurers unlike in the banking sector where listing is compulsory across different categories of banks.
