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State-owned insurer announced a jump of Rs 17,404 crore in overall premiums and income from investments grew to Rs 3.35 lakh crore

With just a few months left for the launch of Life Insurance Corporation's massive IPO, preparations are in full swing to assess the valuation of the state-run insurer. Here is all you need to know.

Once listed, LIC is likely to become one of the biggest domestic companies by market capitalisation with an estimated valuation of Rs 8-10 lakh crore.

Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore

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Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore

Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) took to Twitter stating that the media conjectures "doubting the feasibility" of the state insurer this fiscal year "is not correct."

The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022. 

LIC's IPO requires vetting not only by SEBI (Securities and Exchange Board of India) but also the IRDAI (Insurance Regulatory and Development Authority of India that doesn't have a head for almost seven months.

There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said.