CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale

The Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insurer. Under the embedded value method, the insurance company's present value of future profit is also included in its present net asset value.

from Banking/Finance-Industry-Economic Times https://ift.tt/3hxeXbJ