LIC policyholders can apply for IPO at a discount: Here are answers to FAQs
How to apply for LIC IPO? How much is the discount for eligible policyholders? Are proposers of a policy eligible for reservation? Here are the answers to some FAQs on LIC IPO for policyholders
Daily Voice |I wouldn't be surprised if the government is targeting a Rs 19-23 trillion valuation for LIC: Nitin Bhasin of Ambit Capital
The government's targeted valuation of LIC will make it the highest in terms of market capitalisation, says theCo-Head of Institutional Equities Head of Equity Research at Ambit Capital.
LIC sees dip in policy issuance due to pandemic
"Our total number of individual policies and group policies (in terms of lives insured) issued in India decreased by 16.76 per cent from 75 million for fiscal 2019 to 62.43 million for fiscal 2020 and further decreased by 15.84 per cent to 52.54 million for fiscal 2021," according to the draft red herring prospectus (DRHP) filed by LIC.
LIC faces tax dues of nearly 75,000 crore
Most of the cases relate to allegations made by the I-T dept that LIC misrepresented its total income
IPO-bound LIC's unclaimed dues cross over 21,000 crore. How policyholders can check their amount
Government, the current 100% owner of LIC, proposes to divest 5% of LIC's equity through the offer for sale LIC's policy issuance was hit adversely due to Covid pandemic
In H1 of FY22, LIC issued about 19 million individual and group policies (in terms of lives covered), down 38 per cent from the same period in FY19 (pre-pandemic).
