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Wealth Insight
|April 2022
LIC's IPO may hit the Street soon. Here are some facts and figures that will help you assess this insurance behemoth.
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How did it come into being?
LIC was formed on January 19, 1956, when the government decided to take over all the 245 life insurers (including foreign ones) operating in India. So, LIC was created with an objective to nationalise life insurance in India, spread insurance widely and effectively mobilise public savings. Here are the key milestones in its journey:
This story is from the April 2022 edition of Wealth Insight.
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