Coming soon: LIC kicks off work on IPO allotment to policyholders

The government is moving fast with the IPO, which is said to be India's largest.

The Life Insurance Corporation (LIC) has started creating a database of policyholders who would be eligible for the reserved 10 per cent of the allotment in its initial public offering (IPO), slated to come in the last quarter of this financial year.
 

The database is being created to obviate duplication among policyholders so that each of them is given a chance to become a shareholder of India’s largest insurance company, said an official.
 

“This is a large exercise, and LIC has deployed a team for the process,” he added.
 

The share reservation for the policyholders has been done through the