When the government encouraged to register an initial public offering (IPO) of Indian life insurance (LIC), the Chairperson of the largest insurance company in the country sounded optimistic about meeting the March 2022, during an exclusive interview with its kar Rao MoneyControl. Mr. Kumar, chairman, LIC, put the IPO road map for the insurance giant, highlighting the main challenges faced on the way to register on the stock exchange and how licensed preparations for compliance and handling shareholders and investors. Apart from the IPO, the sale of IDBI bank shares is another major task for LIC. “The strategic investment at the IDBI Bank has paid off,” said LIC chairman, describing why he saw the value in the bank even advancing and how slippery to continue his relationship with IDBI, even after sales were completed.

He also provides an overview of the domestic insurance industry, marking high protection gaps as the main challenge. While LIC continues to enjoy a market share of 65 percent, targeting greater PAI with ongoing digital initiatives and increased encouragement in the bancassurance channel, said the chairman, when he shared the company’s plan to take advantage of the millennium. He believes that this sector will continue to be very competitive, and LIC is ready for it. The Chairperson of the Insurance Company Bounded IPO sounded slightly careful about the equity market, even when Lic continued to be a clean buyer on the market despite earnings for the past few months. He reaffirmed that LIC invested for the long term and did not pursue short-term profits.