LIC generates most of its new business through agents. This is evident, given that for public sector insurers like LIC, individual agents drove 96.14%
The government's disinvestment objective of Rs 1.75 lakh crore for 2021-22 will be dependent on LIC's listing (April-March).
The modification in the distribution ratio won’t significantly affect the policyholders.
Market experts believe the mega IPO is estimated to be around Rs 1 lakh crore.
Shares of the public sector lender traded almost flat at Rs 152.85 in the early deals on August 27, Friday.
The bank last month posted a nearly three-fold jump in its net profit at Rs 1,177 crore for the quarter ended June 30
LIC holds over 10% stake in big companies like Coal India, NTPC, ONGC, Adani Ports and Grasim Industries
LIC's Arogya Rakshak is a benefit health plan that offers lumpsum amount on the diagnosis of the specified illnesses
Data reveals that the insurance behemoth increased its stake in Amara Raja Batteries to 5.41% from 4.82%
An individual can opt for regular premium, limited premium or single premium payment options under this plan