LIC IPO – Dominant Leader In Indian Life Insurance Industry: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct’s IPO Report

Life Insurance Corporation is the largest life insurer in India, with ~61.6% market share in terms of premiums (or gross written premium), and 71.8% market share in terms of number of individual policies issued as of December 31, 2021.

LIC is the largest asset manager in India as at December 31, 2021, with assets under management of Rs 40.1 lakh crore. (annual premium of ~Rs 4.0 lakh crore for FY21).

LIC’s individual products comprise par and non-par products, which includes savings, term, health, unit linked insurance plan and annuity and pension products.

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