 "LIC")
Initial public offering (IPO)-bound Life Insurance Corporation (LIC) is showcasing financial investors its dominant position in India’s life insurance market. As of November 2021, state-owned LIC has over 1.3 million individual agents, or over 55 per cent of the 2.39 million individual agents in India’s life insurance market, data from Life Insurance Council shows. LIC’s individual agents have sourced almost 97 per cent of its new business premium (NBP) in the first six months of FY22 from its products on a standalone basis.
ALSO READ: LIC IPO: DRHP, issue date and size, valuation--everything you need to know
ALSO READ: LIC IPO: DRHP, issue date and size, valuation--everything you need to know
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