As per an ET Now news, the talks of the listing of the country's largest insurer is at an early stage and an IPO may be rolled out going forward. LIC commands a 2/3 rd share in the overall life insurance space. The move shall be a part of the Modi 2.0 government's big bang reforms.
"The government is exploring legal opinion on the amendment of LIC Act for public listing," ETNow reported quoting sources.
There are two views given as the first being the listing will enable better operations of the firm as well as provide for more transparency. At the same time, the bottomline will be looked at in a more focused way and it will be difficult to reduce the premium rates.
"Listing of LIC is among the long-term reforms agenda of the Modi government," ETNow said, quoting sources.
The DIPAM and DFS areconsidering the pros and cons of listing the insurance company.