Economic Times | 06/05/2022 04:37 PM | Click to read full article
“There will be an initial pop but I think every year the government will be selling part of LIC because they have to get it down to the norms of 75%. This is just 3%. There will always be a little bit of an overhang over a period of time,” says Sanjiv Bhasin, Director, IIFL Securities.
New age private insurers like HDFC, SBI Life, and ICICI trade at 3.5 times and here you are getting LIC at 1.1 times embedded value.