Govt appoints Milliman Advisors to find out LIC value ahead of IPO

The government has moved a step closer towards the listing of India’s largest insurer Life Insurance Corporation of India. The Department of Investment and Public Asset Management (Dipam) has selected Milliman Advisors LLP India for ascertaining the embedded value of LIC before its listing, which is seen as India’s one of the largest initial public offerings.
 

The work on determining the embedded value of India’s largest insurer would start soon, Dipam Secretary Tuhin Kanta Pandey tweeted.
 

This would help the government in moving ahead for the listing as the valuation of LIC would be derived. Once valuation is decided, the