LIC celebrates its 67th anniversary

"Beginning with an initial capital of Rs 5 crore in 1956, the LIC as on March 31, 2023 has Assets Under Management (AUM) of Rs 43,97,205 crore," the LIC said in a statement.

LIC IPO: Govt unlikely to reduce its stake for at least 2 years

Answering questions from prospective investors during roadshows top officials of LIC clarified that the Government of India does not have any plan of further dilution of its stake in the Corporation. Officials said the Corporation has sufficient capital for the next two years and won't require any funding support from the government.

LIC IPO slated for March

The government is counting on the sale of shares in LIC, which has the lion's share of the life insurance market in India,