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Public listing of LIC on the cards as Modi weighs next big-bang reform

The Government of India may look at listing of Life Insurance Corporation (LIC), the public sector insurance behemoth, as part of the Modi Government's next big-bang reforms. LIC holds two-thirds share of India's life insurance market. The Department of Investment and Public Asset Management (DIPAM) and DFS are exploring the pros and cons of listing the insurance company. From the insurance sector, companies like ICICI Prudential Life Insurance, ICICI Lombard, General Insurance, SBI Insurance, General Insurance Corporation of India and HDFC Life Insurance have already got listed on the bourses. 

Read More at The Economic Times News date : 31 Jul 2019, Wednesday

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