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The IRDAI has proposed some key changes to its regulations covering appointed actuaries, following a review of the rules in a changing business environment.
One of India’s most anticipated IPO’s is set to hit the markets soon. Are you investing?
Run-up to LIC IPO: Government pushes for legislative changes to LIC Act by month-end March 04, 2021 IPO expected by FY22 Q3 The government is preparing the ground for the initial public offering of LIC by the third quarter of FY21-22. It is pushing for legislative approvals in the second leg of the Budget session starting March 8. “The task is not easy. Lot of work has to be done to meet the target of third quarter of FY21-22,” a senior official from DIPAM (Department of Investment and Public Asset Management) told BusinessLine. Though the government has not spelt out the quantum of disi...
LIC IPO: Govt appoints Milliman Advisors to determine 'embedded value' of the insurer December 31, 2020 An Indian Embedded Value is a measure of the consolidated value of shareholders’ interest in the life insurance business. The Government on Thursday took one more step towards Initial Public Offer (IPO) of Life Insurance Corporation of India (LIC) by appointing Reporting Actuary. “Government has selected Milliman Advisors LLP India as the Reporting Actuary for the Embedded Value of LIC,” Secretary of Department of Investment and Public Asset Management (DIPAM), Tuhin K Pandey said ...