New Delhi, 3/2: Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than Rs 5 lakh crore, a government official who is overseeing what is expected to be the country’s largest IPO said on Thursday.
Investors are eagerly waiting for the government to indicate LIC’s embedded value – a measure of future cash flows in life insurance companies and the key financial gauge for insurers – when it releases the initial public offering (IPO) draft prospectus, expected in a matter of days.
While there has been speculation about the number in media – from as low as Rs 3.96 lakh crore to as high as Rs 11.23 lakh crore – this is the first time the government, which owns 100 per cent of LIC, is commenting on the matter