Skip to main content

LIC IPO Online Apply

Image
By

 LIC was incorporated in 1956 by the amalgamation of 245 private insurers and private fund societies. In 2000, 26% FDI in the insurance sector was allowed, which has now been increased to 74%. The company held a monopoly over the insurance sector till the 1990s after which many private players rose. Even thought there are 23 private insurers in the market, LIC still holds more than 74.58% market share as of 31 March, 2021. 

LIC has around 2,048 branches all over the country and as per their latest report, they have 8 zonal offices in India in Delhi, Chennai, Mumbai, Kolkata, Kanpur, Patna, Bhopal and Hyderabad. They also have 113 Divisional offices, 1,178 mini offices and 1,526 Satellite offices. 

The company has also made efforts to improve its asset quality ahead of the IPO. The percentage of gross NPA went down from 8.17% in FY20 to 7.78% in FY21. Rs.34,934.97 crore has been put aside for doubtful debts and loss assets.


Key Points

Strengths:

1.The LIC agent’s network is enviously huge. As of 31 March, 2021, the company states that they had around 13.53 lakh individual LIC agents, as compared to the 11.01 lakh agents for a total of 20 private life insurers

2.LIC has diversified its business and has also forayed into – LIC Housing Finance, LIC Mutual Fund, LIC Pension Fund, LIC Cards Services. Along with this, LIC also acquired IDBI bank in 2019

3.They directly operate their foreign branches which are situated in Fiji, Mauritius and United Kingdom


Apply Now:-

https://www.5paisa.com/open-demat-account/?referralcode=58571107 



Comments

Post a Comment

Popular posts from this blog

⏰ Last Chance: End of Year SALE – Everything must go!

By
The entire Elektor Store team would like to thank you for your loyalty and trust. We wish you a happy new year 2024! View online ...
Post a Comment
Read more

Without this, you won't learn electronics

By
One thing I'd like to learn (or to become better at) is: The practice of silencing my thoughts for a short period. Also called meditation. What does that have to do with electronics? It reduces stress and makes me more focused on the task at hand. So I can build more circuits, faster . At least in theory. ​ The problem is that I don't practice it. So naturally, I don't get the benefit of it. I recently asked my former meditation teacher for advice. He asked me back: "What's holding you back?" "I don't have enough time," I started typing (this was on Facebook Messenger). Then I deleted it because I realized that I could do it in as little as 5 minutes per day. I tried again: "I don't know what to do." But I had to delete this too because I had all the notes from the class that showed me exactly what to do. Then I tried: "I guess I don't have the motivation?" But again, I realized t...
Post a Comment
Read more

Espressif Guest-Edited Bonus Edition (Download 3). Plus, kick off '24 with Matter!

By
If you can't see this message properly, view it in your browser. December 29, 2023 | #571    Third Free Download: Espressif Guest-Edited Bonus Edition Let's dive into a new batch of free Espressif-related articles! Download the next portion of the guest-edited Bonus Edition for project ideas, engineering insights, and inspiration. The AIoT innovation continues!   more...     A Zero Current Switch for Inductive Loads Relays or contactors are often used to switch AC powered inductive loads such as motors, valves or electro magnets. When the device is switched off an arc can form across the relay contacts as they open. This leads to premature relay failure if measures are not taken to suppress the spark.   more...       ...
Post a Comment
Read more