5 FACT 
ABOUT LIC IPO

Is Good For 
You ?

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LIC is the country’s oldest and largest life insurance firm.

 It was formed by merging and nationalizing 245
private life insurance companies

 LIC now manages around Rs 40 lakh
crore assets 

 It covered 91 per cent of all districts and had
 1.33 million individual agents

22.3 % stake is owned by the central government 


 Government plans on raising over Rs 21,000 crore through the sale
through IPO


The size of the IPO was cut from Rs 65,000 crore to Rs 21,000 crore

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