Insurance regulator gives nod for LIC IPO

IRDAI has cleared LIC’s proposal for IPO. Size of IPO is would be ranging from Rs 70,000 cr to almost 1 lakh crores.  This show commanding position of LIC with market capitalization of Rs 15 lakhs.

LIC IPO comes with a good news for the policy holders as Life Insurance Corporation of India is likely to offer 5% discount in upcoming IPO offerings.


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