News > PMJJBY policyholders also eligible for LIC IPO 'quota benefits'

PMJJBY policyholders also eligible for LIC IPO 'quota benefits'

Business Standard | 21/02/2022 08:12 PM | Click to read full article

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are also eligible to avail the quota benefits reserved for the LIC policyholders, Life Insurance Corporation of India Chairman M R Kumar said on Monday.

As per the Draft Red Herring Prospectus submitted by Life Insurance Corporation of India with the market regulator SEBI recently, 10 per cent of the total LIC share offer will be kept reserved for the LIC policyholders.