All of you must have heard the praise of Life insurance corporation of India.
Everyone is very curious to invest money.
LIC slogan even with life, and even after life, means in hindi “Zindagi ke saath bhi, aur zindagi ke baad bhi.”
LIC will become the first such company in India, whose amount size is huge.
India is one step closer to its own ‘Aramco moment’.
LIC IPO is expected to be the biggest IPO in India.
In 2010 LIC raised Rs 15,000 crore via IPO, in 2021 LIC raised Rs 18,000 crore via IPO and in 2022 LIC raised Rs 53,500 crore to Rs 93,625 crore via IPO.
The details of DRHP: IPO to consist purely of an offer for sale(OFS).
Around 31.6 crores shares an offer; 5%
government stake dilution.
1.Which Policyholders are eligible?
In the most awaited LIC-IPO, policyholders are eligible after the verification of PAN and policyholders have demat accounts.
2. How do Policyholders verify their PAN?
For registration of PAN, click on this to verify the PAN in LIC.
3. Product offering?
LIC offers whole life back plans, money back plans and insurance riders etc.
4. Business Network
LIC has 8 zonal offices, which helps and maintains the business network to grow which includes big cities like mumbai, chennai, delhi, kanpur, hyderabad, bhopal, patna, and kolkata.
Having a business network with approx 14 lakhs individual agents with 1,546 satellite offices, 2048 branch offices, 113 divisional offices and 1,173 mini offices which may help to grow and maintain the business network.
In 2019, the net premium income was about 3.37 lakh crore, total revenue 5.6 lakh crore, PAT 2,688 crore, the persistency ratio of 13 months is 66%, the conservation ratio is 92.19% and the solvency ratio is 1.60.
In 2020, the net premium income was about 3.8 lakh crore, total revenue 6.15 lakh crore, PAT 2,712 crore, the persistency ratio of 13 months is 61%, the conservation ratio is 88.79% and the solvency ratio is 1.55.
In 2021, the net premium income was about 4.02 lakh crore, total revenue 6.82 lakh crore, PAT 2,900 crore, the persistency ratio of 13 months is 67%, the conservation ratio is 84.88% and the solvency ratio is 1.76.
TOP HOLDING OF LIC
*Reliance holds 6.13%
*Infosys holds 5.67%
*IDBI Bank holds 49%
*TCS holds 3.65%
*HDFC holds 2.63%
*M&M holds 7.48%
*Maruti holds 5.26%
*ITC holds 16.23%
LIC Mutual funds, LIC pension fund, IDBI bank, card services, Housing finance etc.