In any case, the Government set up a inter-ministerial group (IMG) with Protections from Corporate Undertakings and Law Services. Just as the Fund Service's three Secretaries to clear the underlying issues on LIC posting presently.
In addition, Secretaries from DIPAM, DEA, and Finance Secretary Rajeev Kumar would exist as a part in the IMG. So at that point, sources said that setting up IMGs remains as the initial move towards such major choices. Likewise, it would take a gander at the valuation and the prerequisites including the legislative changes.Additionally, the IMG would chalk out the initial roadmap for the posting. To be specific, valuation, authoritative changes, and preparing accounts. In any case, the legislature trusts it would take around 8-9 months to set up accounts. And furthermore, to do the necessary legitimate tweaking before an Initial public offering of the insurance behemoth could remain propelled.
Read More: Inter-Ministerial Group on LIC
In spite of this, state-owned LIC exists as the nation's biggest back up plan. So at that point, this controls over 70% of the piece of the overall industry. Likewise, the back up plan has a piece of the pie of 76.28% in a few strategies.
Moreover, value ventures of LIC have contacted 54.5% of an objective of Rs 86,000 crores for this monetary. Additionally, when the valuation procedure begins for the Initial public offering, all the perspectives would go under investigation. In any case, since LIC has seen momentary worries about misfortunes in value books, so at that point, these might likewise go under a closer watch. Likewise, it incorporates sectoral investment caps, the monetary situation of the investee firms, just as the measure of benefit LIC would assemble.