1 / 10LIC, the country's largest life insurance company, has an estimated net worth of 463 billion before its IPO. This is more than the GDP of many countries in the world, including neighboring Pakistan.2 / 10According to media reports, LIC ranks 5th globally in terms of total written premiums and 10th in terms of total assets.3 / 10LIC has been providing life insurance in India for over 65 years. According to an estimate, the Life Insurance Corporation of India (LIC) has a net worth of 16.3 times that of SBI Life, the second-largest private insurance company in the country.4 / 10According to reports, LIC is the largest asset manager in India with 36.7 trillion AUM. Its AUM on an independent basis was equivalent to 18 percent of India's GDP for FY2011.5 / 10LIC's assets are 1.1 times higher than the entire Indian mutual fund industry, i.e. Rs. 31.4 trillion (as of March 31, 2021). The value of LIC's assets is higher than in Somalia, Mozambique, South Sudan, Burundi, etc.6 / 10Pakistan's GDP was $ 280 billion, Bangladesh's $ 350 billion, and Sri Lanka's $ 81 billion last fiscal year. This means that the total value of the country's largest insurance company exceeds the GDP of many countries.7 / 10Life Insurance Corporation of India (LIC) has received a major update regarding IPO. Accordingly, the government may keep the price of LIC's IPO more conservative than some analysts have predicted. In the third week of this month, LIC may submit documents for IPO to SEBI.8 / 10LIC's IPO is expected in the March quarter. The government has a 100% stake in LIC. According to the report, it will be worth Rs 1 lakh crore, but it will be in single digits, which is higher than companies like Reliance Industries (Rs 16 lakh crore) and TCS (Rs 13.8 lakh crore).9 / 10Prior to the proposed IPO, LIC, the largest insurer, improved the quality of its assets for the fiscal year ending March 2021.10 / 10Sub-standard assets are worth Rs 254.37 crore, doubtful assets are Rs 20,369.17 crore and loss assets are Rs 14,506.35 crore. According to Irdai, an amount of Rs 34,934.97 crore has been provided in the account book for non-performing assets.