LIC IPO Online Apply

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

Weekend DIY electronics projects! Talking colorimeter, gamma ray measurement, and more

If you can't see this message properly, view it in your browser. May 3, 2024 | #589 Measure Gamma Rays with a Photodiode: Radiation Detector Using a BPW34 The first device that springs to mind when thinking about measuring radioactivity is the Geiger-Müller tube. However, these counter tubes can be difficult to find and expensive; and, even if you do manage to get hold of one, you will still need to find a way to generate its operating voltage of several hundred volts. It is less well known that even a humble photodiode such as the BPW34 can be used to detect X-rays and gamma radiation. more... The Andonstar AD210, an Affordable Digital Microscope with a 10.1" Display The Andonstar AD210 is an entry-level model digital microscope with a large 10.1...

Without this, you won't learn electronics

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...

The Arduino bonus offer expires in a few hours

In a few hours, Ohmify's Birthday deal goes away for good. This deal won't be available again soon, so time is ticking away on your opportunity to lock in a huge discount and jump-start your electronics learning journey. Here's a recap of the benefits you can expect from an Ohmify membership: An original Arduino UNO and our Beginner's Component Kit with more than 50 components in total (Value: $65) 24/7 access to more than 700 electronics lessons (and counting!) to learn electronics - even if you have no previous experience. A friendly community forum where you can ask questions, get help with projects, share your progress, or just chat with like-minded people. We take care of our members: Beginners are welcome, and no question is too basic! Learning Tracks that tell you where to start and where to go next to learn specific skills such as basic electronics, soldering, Arduino, PCB Design, and more. We'll guide you along the way, so y...

Electronics Mechanic Skill

Search This Blog