 "LIC")
The Government-appointed actuary has pegged the embedded value (EV) of the Life Insurance Corporation (LIC) of India at Rs 4-5 trillion, a key parameter that will be used to compute the market valuation of India’s largest insurer, said an official.
The computation of the EV is key for the launch of LIC’s IPO slated to be held in March, and such an exercise has been undertaken for the first time since the life insurer’s inception.
The EV is the sum of adjusted net worth and value of in-force business or estimated future profits.
The EV has been shared with the Department
