Ahead of IPO road show, embedded value of India's LIC estimated at $150b

Ahead of IPO road show, embedded value of India's LIC estimated at $150b

FILE PHOTO: A bird flies past the logo of Life Insurance Corporation of India (LIC) at one of its offices in New Delhi, India September 14, 2021. REUTERS/Anushree Fadnavis

An actuarial valuation exercise has arrived at a $150 billion embedded value for Life Insurance Corp. of India, the first such valuation done by India’s largest insurer, which is set to start road shows for its initial share sale next month, two people aware of the development said.

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