LIC 3.0 to be listed, nimble and agile, say M R Kumar & K R Ashok

If there is any capital requirement, we will have to approach not only the government but all shareholders, said Kumar

Ahead of the much-anticipated initial public offering (IPO) of Life Insurance Corporation (LIC) of India, M R KUMAR, chairman of the corporation, and K R ASHOK, chief actuarial, spoke to the media on the various issues germane to the insurer and the forthcoming IPO. Edited excerpts:

Will policyholders feel short-changed because of a change in the surplus distribution ratio? 

Kumar: Policyholders' interests will be taken care of. There was a single unified fund all along. We did not do it like the private sector. The time was ripe for us to realign with the industry. We were following the 95:5 surplus distribution