'65 million PAN numbers have been linked to LIC policies', says M R Kumar

The investor interest has been quite good. It is especially good as far as the domestic investors are concerned: M R Kumar

State-owned insurance behemoth Life Insurance Corporation (LIC) is all set to get listed on the bourses, with the issue opening on May 4. The government is expected to mop up about Rs 21,000 crore from the listing. M R Kumar, chairperson, LIC, spoke with Subrata Panda on the sidelines of the announcement of their initial public offering (IPO) on business plans, investor interest, stake dilution in IDBI Bank, among other things. Edited excerpts:

How will your product mix change now that you want to sell more non-participatory (non-par) products?

We have not decided on a percentage. About 20-25 years back,