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LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.LIC is a part insurance and part investment products company. Their plans are a combination of insurance and investment with a guaranteed return.LIC has over 13.5 lakh agents who play brings most of the new business.As of 30 Sep 2021, it has a total AUM of Rs. 39 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
| Issue Opens on 04 May, 2022 | Rs. 902 to 949 |
| Issue Closes on 09 May, 2022 | per equity share |
| Bid Lot | Issue size | Face value |
| 15 shares minimum | Rs.21008.48 Cr | Rs. 10 per equity share |
DISCLAIMER
The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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