LIC is the largest financial institution with over Rs 22.10 lakh Cr in assets, which is over 15% of India’s GDP of Rs 134 lakh Cr. With a profit of around Rs 40,000 Cr last fiscal year, LIC is the most profitable entity in the country, next only to RBI, which transferred Rs 66,000 Cr of its surplus profit to the government in the past fiscal year.

Govt hints at LIC IPO

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