LIC IPO Live Updates: Second day of bidding, issue subscribed 86%, Policyholders 2.61 times, Staff 1.8... - Moneycontrol

The government will be selling a 3.5 percent stake entirely through an offer for sale (OFS). Of which 10 percent of the shares are reserved for LIC policyholders and 0.7 percent for LIC employees. Also, 31.25 percent is reserved for household (retail) investo…

Indian life insurance market is still underinsured compared to major economies India’s life insurance penetration stood at 3.2 percent in CY20 compared to the global average of 3.3 percent. Among As… [+672 chars]

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