LIC is now a step closer to becoming one of the largest companies in India, with the government selling a five percent stake in the insurance giant for the first time in an upcoming IPO.

The household insurer name on 13 February filed its draft red herring prospectus or DRHP with markets regulator SEBI, which states that it will be offering 31.62 crore in equity or 5 percent of the company to the Indian market in its upcoming IPO.

This move is in line with the Centre’s disinvestment plan to fill its coffers drained by the pandemic. It was also mentioned in the recent budget speech by Finance Minister Nirmala Sitharaman.

Now, LIC is India’s biggest life insurer. Here are a few numbers to support that statement—286 million policies, 115,000 employees, 1.34 million individual agents and more than 2000 branches. It is one of the top 5 global insurers and controls 64.1% market share in India.


Its IPO is set to be the biggest in Indian stock market history, dwarfing the record of $2.4 billion set by Paytm last year. Though the valuation has not been inked yet, analysts have pegged it anywhere between Rs 5.4-8 lakh crore.


But as the company prepares to go public, it leaves a few questions unanswered for investors such as—how is this going to affect policy holders? What is the insurer's profitability plan? And is it worth investing?

To discuss this, we spoke to Madhavan Narayanan, a senior journalist and Prosenjit Datta, former editor of Businessworld and Business Today. Tune in!


Host and Producer: Himmat ShaligramEditor: Shorbori Purkayastha and Shelly Walia

Music: Big Bang Fuzz
Listen to The Big Story podcast on:
Apple: https://apple.co/2AYdLIlSaavn: http://bit.ly/2oix78CGoogle Podcasts: http://bit.ly/2ntMV7SSpotify: https://spoti.fi/2IyLAUQDeezer: http://bit.ly/2Vrf5NgCastbox: http://bit.ly/2VqZ9ur

<div>LIC is now a step closer to becoming one of the largest companies in India, with the government selling a five percent stake in the insurance giant for the first time in an upcoming IPO.<br>
<br>

</div>
<div>The household insurer name on 13 February filed its draft red herring prospectus or DRHP with markets regulator SEBI, which states that it will be offering 31.62 crore in equity or 5 percent of the company to the Indian market in its upcoming IPO.<br>
<br>

</div>
<div>This move is in line with the Centre’s disinvestment plan to fill its coffers drained by the pandemic. It was also mentioned in the recent budget speech by Finance Minister Nirmala Sitharaman.<br>
<br>

</div>
<div>Now, LIC is India’s biggest life insurer. Here are a few numbers to support that statement—286 million policies, 115,000 employees, 1.34 million individual agents and more than 2000 branches. It is one of the top 5 global insurers and controls 64.1% market share in India.<br>
<br>
Its IPO is set to be the biggest in Indian stock market history, dwarfing the record of $2.4 billion set by Paytm last year. Though the valuation has not been inked yet, analysts have pegged it anywhere between Rs 5.4-8 lakh crore.<br>
<br>
But as the company prepares to go public, it leaves a few questions unanswered for investors such as—how is this going to affect policy holders? What is the insurer's profitability plan? And is it worth investing?<br>
<br>

</div>
<div>To discuss this, we spoke to Madhavan Narayanan, a senior journalist and Prosenjit Datta, former editor of Businessworld and Business Today. Tune in!<br>
<br>
<br>

</div>
<div>
<strong>Host and Producer: </strong>Himmat Shaligram</div>
<div>
<strong>Editor:</strong> Shorbori Purkayastha and Shelly Walia</div>
<div><br>
</div>
<div><br>
</div>
<div>
<strong>Music:</strong> Big Bang Fuzz</div>
<div><br>
</div>
<div><strong>Listen to The Big Story podcast on:</strong></div>
<div><br>
</div>
<div>Apple: <a href="https://www.youtube.com/redirect?q=https%3A%2F%2Fapple.co%2F2AYdLIl&amp;redir_token=G9sQMbbppKv-LEFD29gDyTmPMzt8MTU3MTM4MDU5NkAxNTcxMjk0MTk2&amp;v=xkpX1V6aUFo&amp;event=video_description">https://apple.co/2AYdLIl</a>
</div>
<div>Saavn: <a href="https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F2oix78C&amp;redir_token=G9sQMbbppKv-LEFD29gDyTmPMzt8MTU3MTM4MDU5NkAxNTcxMjk0MTk2&amp;v=xkpX1V6aUFo&amp;event=video_description">http://bit.ly/2oix78C</a>
</div>
<div>Google Podcasts: <a href="https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F2ntMV7S&amp;redir_token=G9sQMbbppKv-LEFD29gDyTmPMzt8MTU3MTM4MDU5NkAxNTcxMjk0MTk2&amp;v=xkpX1V6aUFo&amp;event=video_description">http://bit.ly/2ntMV7S</a>
</div>
<div>Spotify: <a href="https://www.youtube.com/redirect?q=https%3A%2F%2Fspoti.fi%2F2IyLAUQ&amp;redir_token=G9sQMbbppKv-LEFD29gDyTmPMzt8MTU3MTM4MDU5NkAxNTcxMjk0MTk2&amp;v=xkpX1V6aUFo&amp;event=video_description">https://spoti.fi/2IyLAUQ</a>
</div>
<div>Deezer: <a href="https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F2Vrf5Ng&amp;redir_token=G9sQMbbppKv-LEFD29gDyTmPMzt8MTU3MTM4MDU5NkAxNTcxMjk0MTk2&amp;v=xkpX1V6aUFo&amp;event=video_description">http://bit.ly/2Vrf5Ng</a>
</div>
<div>Castbox: <a href="http://bit.ly/2VqZ9ur">http://bit.ly/2VqZ9ur</a>
</div>
<div><br>
</div>
<div><br>
</div>

The Big Story is back with a second season!

The news culture of our times is noisy, crowded, and honestly so confusing. This is why we are coming every fortnight on your podcast platforms to help you make sense of the new and now. 

With two new hosts, Anjali and Prateek, the second season of The Big Story will feature longer and well-rounded discussions with experts across science, culture, technology, politics, and more. Tune in on your preferred podcast platform!   



Millions of listeners seek out Bingepods (Ideabrew Studios Network content) every day. Get in touch with us to advertise, join the network or click listen to  enjoy content by some of India's top audio creators.
studio@ideabrews.com

Android | Apple

<p>The Big Story is back with a second season!</p>
<p>The news culture of our times is noisy, crowded, and honestly so confusing. This is why we are coming every fortnight on your podcast platforms to help you make sense of the new and now. <br aria-hidden="true"><br aria-hidden="true">With two new hosts, Anjali and Prateek, the second season of The Big Story will feature longer and well-rounded discussions with experts across science, culture, technology, politics, and more. Tune in on your preferred podcast platform!   </p>
<p> </p>
<p><em>Millions of listeners seek out <a href="https://bingepods.com/">Bingepods</a> (Ideabrew Studios Network content) every day. Get in touch with us to advertise, join the network or click listen to  enjoy content by some of India's top audio creators.</em><br><em><a href="mailto:studio@ideabrews.com">studio@ideabrews.com</a></em></p>
<p><a href="https://play.google.com/store/apps/details?id=com.bingepods.app">Android</a> | <a href="https://apps.apple.com/us/app/bingepods/id1637568609">Apple</a></p>

Advertisement