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Nearly a year after listing its life insurance business, ICICI Bank will list its general insurance arm, ICICI Lombard General Insurance, the largest non-life private sector player based on gross direct premium income (GDPI).
The initial public offering (IPO) has many advantages for investors. The most eye-catching one being the first-mover advantage among private players. The under-penetrated nature of general insurance in India and the diversified product offering, along with market leadership among private players across categories, supports the investment rationale in it.
