The Initial Public Offering of Life Insurance Corporation of India

Harsh Mittal

Abstract: Life Insurance Corporation of India is the largest insurance provider in India. LIC has a profound impact on Indian public and private sector. It has a long standing history and was one of the first tertiary sector public companies to be established in India. As part of the New Economic Policy of 1991 in India, LIC was one of the few reserved companies which were not disinvested by the government. The IPO of LIC is a radical change economically and legally. This is a non empirical research paper analyzing the past, present and future of life insurance in India and the role of LIC in the insurance sector. Additionally, the IPO has been analysed from a business point of view and an investor point of view.

Keywords: Life Insurance, LIC, Liberalisation, Privatisation, Initial Public Offer