LIC IPO Opening on May 4 – Key Factors to Know

Authored by
Team Espresso
September 02 2022
1 min read

About Life Insurance Corporation of India (LIC)

Life Insurance Corporation of India was created on Sept 1, 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to


reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost.

Also read how to apply for an IPO?


As of August 2020, LIC has 8 Zonal Offices, 113 Divisional Offices, 74 Customer Zones, 2048 Branch Offices, 1526 Satellite Offices, 3354 Life Plus Offices and 31556 Premium Points. It has over one lakh employees, 12.08 Lakh agents and 28.92 crore plus policies in-force.

A real estate investment trust (REIT) is a company that owns and operates income-producing real estate assets to generate revenue.


Finance Minister Nirmala Sitharaman made a slew of important announcements in her Budget 2023. Here are the key highlights.