Demat Account: The IPO of LIC is likely to come after October this year. If you want to earn money by investing in LIC IPO, then you have to open a Demat Account. Without a demat account you will not be able to invest in LIC IPO.
In the Budget 2021, Finance Minister Nirmala Sitharaman has announced to bring an IPO of Life Insurance Corporation of India (LIC). All investors are eyeing this IPO. The IPO of LIC is likely to come after October this year. Part of the IPO will be reserved for LIC policy holders. If you also want to earn money by investing in LIC IPO, then you will have to open a Demat Account. Without a demat account you will not be able to invest in LIC IPO. Let’s know what demat and how will open account?
Please tell that due to Corona virus epidemic Lic IPO could not come in the current financial year. Now it will come in its financial year. SBI Caps and Deloitte have been appointed as consultants for LIC IPO. Before the IPO, the government wants to know what its value is after all.
LIC earns 1 lakh crore rupees from premium
LIC has received a record premium of Rs 1 lakh crore in the first 10 months of the current financial year in its pension and group scheme section. LIC said that this is the first time that such a huge amount has been received as premium income in any one section of the Life Insurance Corporation. This is the second consecutive year when good premium income has been received in this section. According to the company’s statement, the assets under management in this section, which manages group schemes and retirement benefits, is more than Rs 7 lakh crore.
What is Demat Account?
To invest in the market, it is necessary to have a demat account. Demat account is similar to a bank account, the only difference is that money is transacted in the bank account. Whereas shares are traded in Demat Account. Just like money is safe in banks, shares in demat account are safe.
How to open demat account?
You can open a demat account through brokerage houses. You can also apply online. An investor can have multiple demat accounts. It can be with the same depository participants, or with different depository participants. As long as the investor can provide the necessary KYC for all applications, the applicant can operate multiple demat accounts.
Like a bank account, a demat account can also be tracked online. In addition to shares in a demat account, mutual fund units, debentures, bonds and government securities can also be kept.