[whitewing]

Originally Posted by DigitalOne

Can you please share how much IRR you have got in the LIC endowment policies that you have?

Life cover endowment has given a IRR of ~8%.
Haven't checked the pension policy though - thumb rule I was told is for 10k annual premium, monthly pension would be 15k with life cover and 20k without life cover.

[Lalvaz]

Originally Posted by Stribog

Quite frankly if you consider 172 as a "world class" uni, I think there is so much disagreement here that we can't meet midway.

And please can you explain just who these minority shareholders are in LIC?

The QS ranking considers 1000 of the world's best universities. From that population an overall ranking of 172 for a univ from a developing country isn't bad. But you seem to have conveniently omitted the part where they've rated IIT Bombay at 44 for Engineering & Technology.

The minority shareholders will be the ones participating in this IPO. There's obviously none now since 100% ownership is currently with the govt.

[ruzbehxyz]

Government is considering selling 25% stake in LIC in phases.

India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening budget gap.

The government plans to amend the act of parliament under which the state-run Life Insurance Corp. of India was set up to prepare for the sale, the people said, asking not to be identified as the discussions were private. The timing of the insurer’s initial public offering will be depend on market conditions, and the sale is likely to be done in tranches, they added. A finance ministry spokesman was not immediately available for a comment.

A stake sale in LIC through a public offering of shares will help the government bolster its finances after the coronavirus pandemic stalled growth and threatens the fiscal deficit target of 3.5% of gross domestic product set for the year ending March 2021. The administration has raised about 57 billion rupees through asset sales in the fiscal year from April 1, as against a target of 2.1 trillion rupees.

The government has picked Deloitte Touche Tohmatsu India Ltd. and SBI Capital Markets Ltd. to help Life Insurance Corp. of India prepare for an initial share sale, Bloomberg News reported last month. The advisers will help evaluate the capital structure of India’s biggest insurer as well as aid the company in reworking its financial statement, according to a tender document issued in June.

A ministerial panel set up for asset sales will decide on the size of the public offering while the cabinet will consider changes to capital structure of the insurer, the people said. Taking the insurer public will help instill “discipline” and unlock value, Finance Minister Nirmala Sitharaman had said in her budget speech in February, without providing details or the time line for the sale.

Source: https://bit.ly/2GlYGXf

[sahil624]

As per DIPAM secretary, LIC to be listed by March end this FY.

https://www.google.co.in/url?sa=t&rc...Tz4zbpT6wuMDNy