LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
As of 30 Sep 2021, it has a total AUM of Rs. 39 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
Objectives Of LIC
- Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost.
- Maximize mobilization of people’s savings by making insurance-linked savings adequately attractive.
- Bear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole; the funds to be deployed to the best advantage of the investors as well as the community as a whole, keeping in view national priorities and obligations of attractive return.
- Conduct business with utmost economy and with the full realization that the moneys belong to the policyholders.
- Act as trustees of the insured public in their individual and collective capacities.
- Meet the various life insurance needs of the community that would arise in the changing social and economic environment.
- Involve all people working in the Corporation to the best of their capability in furthering the interests of the insured public by providing efficient service with courtesy.
- Promote amongst all agents and employees of the Corporation a sense of participation, pride and job satisfaction through discharge of their duties with dedication towards achievement of Corporate Objective.
Life Insurance Corporation of India IPO Timetable
Particular | Date |
IPO Open Date | 04 May 2022 |
IPO Close Date | 09 May 2022 |
Allotment Date | 12 May 2022 |
IPO Listing Date | 17 May 2022 |
Life Insurance Corporation of India IPO Details
Issue Type | Book Built Issue IPO |
Face Value | Rs. 10 Per Equity Share |
IPO Price | Rs. 902 to Rs. 949 Per Equity Share |
Market Lot | 15 Share |
Retail Discount | Rs. 45 Per Share |
Policy Holder Discount | Rs. 60 Per Share |
ISIN Code | |
Listing At | NSE & BSE |
Issue Size | Approx. Rs. 21008 Crore. |
Life Insurance Corporation of India IPO Lot Size
Application | Lots | Shares | Amount |
Minimum | 1 | 15 | Rs. 14235, Rs. 13560 (Retail) & Rs. 13335 (Policy Holder) |
Maximum | 14 | 210 | Rs. 199290, Rs. 189840 (Retail) & Rs. 186690 (Policy Holder) |
Option to apply Multiple application as a Policy Holder and As a Retail
Life Insurance Corporation of India IPO Allotment Status
Click Here To Check IPO Allotment Status Life Insurance Corporation of India IPO
Click Here To Get ASBA Forms Life Insurance Corporation of India IPO
Company Financials:
Particular | 31 Sep 2021 | 31 March 2021 | 31 March 2020 |
Total Assets | 40434596.70 | 37464044.68 | 34141745.74 |
Total Revenue | 15197.24 | 29855.71 | 27309.56 |
Profit After Tax | 15040.13 | 29741.39 | 27104.78 |
Company Promoters:
The President of India, acting through the Ministry of Finance, Government of India is the company promoter.
Registrar & Company Details
Company Contact Information | IPO Registrar |
Life Insurance Corporation of India (LIC) Yogakshema, Jeevan Bima Marg Nariman Point, Mumbai 400 021, Phone: +91 22 6659 8732 Email: Investors@licindia.com Website: http://www.licindia.in/ | KFin Technologies Limited Phone: 04067162222, 04079611000 Email: lic.ipo@kfintech.com Website: https://karisma.kfintech.com/ |