The finance minister, Nirmala Sitharaman, announced in the budget 2020 that the government is contemplating listing Life Insurance Corporation of India in the secondary markets by the second half of this year. LIC is the largest insurance company is India with about 28 crore policies in force equalling a sum assured of Rs. 45 lac crores. The annual premium receivable by LIC was Rs. 2 lac crores in the financial year 2018-19. LIC had investments valued at Rs. 30 lac crores as on March 31st, 2019.
 

How do I apply for the LIC IPO?

You can apply for the LIC IPO on Console using any supported UPI app. Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account. Read more.