LIC IPO is coming up

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Yes, India’s largest insurance company is going public soon as announced by Nirmala Sitharaman in the budget 2020 by the second half of this year.

Date of IPO - Yet to be Decided

Interesting Facts About LIC:

  • Founded: 1 September 1956
  • Total Assets: 31.12 lakh crores INR (US$450 billion, 2019)
  • Offers 28 crore policies equalling a sum assured of Rs. 45 lac crores.
  • Annual premium receivable was Rs. 2 lac crores in the financial year 2018-19.
  • It had investments valued at Rs. 30 lac crores as on March 31st, 2019.

This has to be one of the biggest IPO in recent times. Looking forward…