IPO IPO: LIC boasts Rs 37-trillion AUM before overseas investors

LIC IPO: Profit after tax (PAT) went up 6.9 per cent to Rs 2,906.77 crore in FY21, its annual report showed.

Ahead of its initial public offering (IPO), Life Insurance Corporation of India’s (LIC’s) top management is impressing upon potential global investors the scale and size of the insurance behemoth that trumps the size of many economies in the world.

At a closed-door meeting with global investors, the largest asset manager in the country boasted of its nearly Rs 37 trillion assets under management (AUM) — 16.6 times that managed by the second-largest insurer SBI Life. The numbers are as of March 31, 2021. 

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