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Live updates | LIC IPO Subscription Status: Initial Public Offering of Life Insurance Corporation of India's (LIC) was subscribed 1.79 times on Sunday on Day 5
LIC's IPO size will be Rs 20,557 crore. With this IPO, the government would sell a 3.5 per cent stake in the insurance giant by selling 22.13 crore shares.
Launched in 2015, PMJJBY offers a renewable one year life cover of Rs 2 lakh to all savings bank account holders in the age group of 18-50 years, covering death due to any reason, for a premium of Rs 330 per annum per subscriber.
LIC IPO: Read this before investing in it - Key details - The speculated listing will take place in March 2022 and the rate has not been decided yet.
LIC IPO: Know how to avail discount if you are a policyholder - Details inside - LIC was created in 1956 and was the only player in the market until 2000 and holds major offices in Chennai & Mumbai.