 "Irdai, insurers, brokers, GIC")
The government has approached the insurance regulator to seek an exemption for listing of a ‘corporation’ as it prepares for Life Insurance Corporation of India’s (LIC) initial public offering (IPO), expected to be the largest offering in the country.
The Department of Investment and Public Asset Management (Dipam) is in talks with the Insurance Regulatory and Development Authority of India (Irdai) to seek an exemption for the listing of an insurance ‘corporation’ on the exchanges, as LIC would be the first insurance corporation coming with an IPO, said an official.
Irdai’s current guidelines allow listing of insurance companies that are governed by
