The Government of India is contemplating listing LIC (Life Insurance Corporation) of India in the secondary markets in Feb 2022. The annual premium receivable by LIC was Rs. 2 lac crores in the financial year 2018-19. LIC had investments valued at Rs. 30 lac crores as on March 31st, 2019.
Table of Contents
LIC Company Details
|Industry||Insurance and financial services|
|Founder||Ministry of Finance , Government of India|
|Founded||1 September 1956|
|Revenue||US$74 billion (2019)|
|Operating income||US$360 million (2019)|
|Net income||US$360 million (2019)|
|Total assets||US$510 billion (2021)|
|Number of employees||114,000 (in 2020)|
|Phone number||+91-022 6827 6827|
|Contact||Life Insurance Corporation Of India Central Office|
‘Yogakshema’ Jeevan Bima Marg, Nariman Point, Mumbai, 400021
LIC IPO Registrar
LIC IPO Details
|IPO Opening Date||February 2022|
|IPO Closing Date||February 2022|
|IPO Allotment Date||February 2022|
|Initiation of Refunds||TBA|
|IPO Listing Date||February 2022|
|Issue Type||Book Built Issue IPO|
|Min Order Quantity||TBA|
|Listing At||BSE, NSE|
|Offer for Sale||TBA|
LIC IPO Lot Size
|Quantity||Lots||Shares||Amount (in ₹)|
- According to Life Insurance Council, the number of LIC individual agents as of March 31, 2021, were 13.53 lakh compared to a total of 11.01 lakh agents for over 20 private life insurers.
- According to LIC’s 2019-20 annual report, LIC had a market share of around 69% in the life insurance space.
- LIC has over 1.14 lakh employees (in 2020).
- LIC also has the following businesses: LIC Housing Finance, LIC Mutual Fund, LIC Pension Fund, LIC Cards Services. In 2019, LIC acquired IDBI Bank as well.
- It faces competition from many private players offering better service to policyholders.
- Being a PSU, there are certain restrictions on LIC.
More information on LIC IPO will be updated soon…
Who is the owner of LIC?
Govt. Of India owns LIC (Life Insurance Corporation). LIC was founded on Sept 1, 1956.
When is LIC IPO listing date?
LIC (Life Insurance Corporation) IPO listing date is in Feb 2022.
When is LIC IPO allotment date?
LIC (Life Insurance Corporation) IPO allotment date is in Feb 2022.
When is LIC IPO launch date?
LIC (Life Insurance Corporation) IPO launch date is in Feb 2022.
What is the IPO share price of LIC?
IPO share price of LIC 2ill be updated soon.
What is the Lot Size of LIC IPO?
The Lot Size of LIC IPO will be updated soon.