Govt to take call on LIC IPO timing this weekThe official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopol...
New shareholders’ fund boosted PSU’s embedded value nearly 5xLIC’s embedded value (EV) jumped to nearly Rs 5.4 lakh crore in September 2021. This was more than five times higher from the Rs 95,605-cro...
LIC's market cap could be Rs 22 lakh crore, ahead of RelianceThe government is yet to clarify how much money it wishes to earn from selling shares in the insurers. Though it will be selling 31,62,49,8...
Govt files draft papers with Sebi for LIC IPOPreparations done and all the loose ends have been tied up, the sources said, adding that DRHP can be filed either on Monday or Tuesday.
Government green-lights LIC public offerThe government has cleared the decks for the IPO of state-owned Life Insurance Corp (LIC) of India, likely to be the country’s biggest such...
CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake saleThe Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insure...
LIC IPO: Govt likely to invite bids from merchant bankers this monthThe government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to lau...
Hold an LIC policy? Smile! You will have a quota in the IPO"In the Finance Bill 2021-22, it has been proposed to have a reservation on a competitive basis, to an extent of up to 10 per cent of the i...
FinMin appoints Milliman Advisors for valuing LIC pre-IPOThe firm was chosen from three in the race including EY Actuarial Services and Willis Towers Watson Actuarial Advisory.
3 firms in race to be actuarial for LIC IPOEY Actuarial Services, Milliman Advisors and Willis Towers Watson actuarial advisory are in race for being appointed as the actuarial firm ...
LIC IPO: EY, Milliman and Willis Towers Watson in race for actuarial firm appointmentThe firms have made presentations to the government on Thursday, following which financial bids have been opened.
Life insurers explore financial reinsurance to raise capitalA study by Actuarial firm Milliman showed that 35 per cent of the 17 companies in survey are looking to raise capital from reinsurers.
Health cover may become more expensive, life insurance cheaperCourts have intervened for covering hitherto excluded illnesses like HIV, mental ailments and congenital defects.
Indian life insurers stock prices out of line against Asian peersToday, life insurance companies are trading at 3-5 times the multiple of embedded value.
Insurance loses it to mutual fundsAfter demonitisation, banks have been flushed with funds. As interest rates are coming down, people are investing in mutual funds post demo...
'Indian-owned and controlled', norms hurt insurers' valuationsBut in the case of insurance, a host of issues are queering the pitch for arriving at a value appropriate for a stake sale.
Mis-selling may impact insurance valuation: Sanket Kawatkar, MillimanA report by Milliman noted that the joint venture structure is a stumbling block for partners to arrive at a consensus on valuation.