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In May 2022, the government had sold 3.5% stake in LIC IPO, which was an entirely (offer for sale) worth around Rs 21,000 crore. It remains India's largest IPO to date.
In a stock exchange filing, the insurance giant said the Department of Economic Affairs, Ministry of Finance, in a memorandum dated December 20, 2023, has decided to grant it this 'one-time exemption' to achieve 25% MPS.
LIC's Aadhaar Shila Plan offers financial security with minimal daily investments, helping save up to Rs 11 lakh.
LIC's Jeevan Anand Policy: Affordable investment of Rs 45 per day day offers Rs 25 lakh lump sum maturity benefit.
LIC Saral Pension Yojana: Secure your retirement with flexible options, guaranteed income, and financial peace of mind.