Process to derive LIC's embedded value may take more than a quarter

It's a significant preparatory step for the initial public offering of the country's largest insurer

The process to derive the embedded value of Life Insurance Corporation of India (LIC) may take over a quarter even as the insurer has initiated it by buying an actuarial modeling software and appointed EY India for its implementation.
 
Finding the embedded value of LIC is a significant preparatory step for the initial public offering (IPO) of India’s largest insurer.
 
The government expects the exercise to be completed in a quarter, according to a senior official. However, officials involved in the process said the exercise will take more than a quarter as LIC has hundreds of insurance products.