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LIC policy holders: Big news for LIC policy holders, this work will be completed by May, then the chance of earning a bumper

LIC IPO expected date: It is believed that by May 2021, the valuation of LIC will be completed. According to market experts, by the time of the IPO, 10 million new demat accounts will be opened because they want to invest in LIC.

LIC IPO Expected Date: After the recent announcement in the budget about LIC IPO, the question is in everyone’s mind that when will this IPO come, how much will it cost and what kind of facilities will it have for retail investors. If you also have a LIC policy, then this is good news for you. You have a great chance of earning this year. From now on, you should keep a few rupees from your earnings to invest in this IPO, because when it is announced, you will get the special benefit of reservation.

Some things have come up before the media regarding LIC IPO. According to the report, the government can sell 5-10 per cent stake in LIC. Through its IPO, the government wants to collect funds of 90 thousand to 1 lakh crore. The government has set a target of disinvestment and privatization of Rs 1.75 lakh crore for the financial year 2021-22. According to the media report, the valuation of LIC will be done by the end of May.

Know whether someone has got the responsibility of valuation?
The government is working fast on this before the budget. Before bringing an IPO, the government wants to know what its value is after all. Milliman Advisors LLP India has been appointed for this. Milliman Advisor’s job is to find the right market value of LIC. This information was tweeted by the DIPAM secretary on 31 December 2020.

10% shares will be reserved for policy holders
Meanwhile, Department of Investment and Public Asset Management (DIPAM) Secretary Tuheen Kant Pandey said in a special conversation with the Times of India that when LIC’s IPO will be issued, we have decided to make policy holders investors. For this, the department has considered keeping reserves for 10 percent share policy holders. Tuheen Kant Pandey said that after the economic reform of 1991, the government has taken a big decision. The government has now decided to open all non-strategic sectors for disinvestment and privatization. If you understand in easy terms, now the steel sector can be privatized as and when required.

1 crore new demat accounts will open
According to the Zee Business report, the government believes that at least 1 crore new demat accounts will be opened in the market before LIC’s IPO. All these will be retail investors and they have LIC policy. These investors want to take advantage of the reservation policy. At present, there are about 45 million demat accounts in the country.



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