LIC

The headline to revive lapsed LIC policies for policyholders is ending next week, that is on March 25. The Life Insurance Corporation of India, or LIC, had in February brought in a significant grant to its policyholders to battle with the pandemic and the financial and health risks associated with it. The state-run insurance giant is in the process…

State-owned insurance behemoth Life Insurance Corporation of India (LIC) has received market regulator Securities and Exchange Board of India’s (SEBI) nod ahead to raise funds through an initial public offering (IPO), according to several media reports. The government is selling 31 crore equity shares through the IPO as per the draft red herring prospectus (DRHP) while 10% of…