LIC policyholders can apply for IPO at a discount: Here are answers to FAQs

How to apply for LIC IPO? How much is the discount for eligible policyholders? Are proposers of a policy eligible for reservation? Here are the answers to some FAQs on LIC IPO for policyholders

The mega Initial Public Offering of Life Insurance of Corporation of India (LIC IPO) is being touted as India's Aramco moment. The insurer's listing is set to dwarf the record $2.4-billion IPO of Paytm last year. The government, which owns 100 per cent of LIC, is selling 316 million shares, representing 5 per cent of its equity stake through this IPO.

Currently, LIC is India’s biggest life insurer with 286 million policies. According to the insurer’s DRHP, of the total shares offered in the IPO, up to 10 per cent is reserved for eligible LIC policyholders.

Here are a few important things