India’s Life Insurance Corporation (LIC) Gearing Up for Biggest-Ever IPO
The LIC is the dominant life insurance provider in India with an estimated investment of $503 billion and a life fund of $470.70 billion.
The LIC is the dominant life insurance provider in India with an estimated investment of $503 billion and a life fund of $470.70 billion.
The company maintains over $530 billion in assets and has 286 million policies in force according to the information declared in the draft prospectus. Its profit rose to $191 million in the six months ending in September last year.
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In June, the Singapore LIC Foundation announced the launch of the world’s first public blockchain for the language services industry – LIC (short for Language, Information and Communication).