Life Insurance Corporation of India (LIC), the country’s largest insurer, which is likely to be listed on stock exchanges in the next financial year FY22, is working towards getting a complete valuation carried out. In an interview with Moneycontrol, MR Kumar, Chairman of LIC, explained how the insurer is gearing itself up for the largest listing in the country. Kumar also underlined the recovery the insurer is seeing after the Covid-19 pandemic. Excerpts:
LIC is slated to be listed in FY22. What are the preparations from your end?
For LIC, the valuation process has to be done. This means that the Indian embedded value (EV) needs to be arrived at. Once we have the software and actuarial firm in place, we will get the EV. We are working on that right