The Finance Minister, Nirmala Sitharaman announced that the government is intending to sell part of its holdings in the country's largest insurer, Life Insurance Corporation of India (LIC) through an initial public offering (IPO) in Budget 2020. Later, finance ministry officials announced that the IPO will happen in the second half of 2021. LIC was organized in the year 1956 through the Life Insurance Corporation Act of 1956 and now it holds assets worth Rs 31 lakh crore. In this video, Mr. C S Sudheer has revealed everything you need to know about LIC IPO.
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