 "LIC, Life Insurance Corporation")
The Life Insurance Corporation of India (LIC) has roped in Milliman Advisors to derive its embedded value (EV) as on September 2022. Milliman had ascertained the embedded value for the insurer before its initial public offering (IPO).
Embedded value is a key metric that indicates an insurance company’s performance, and is the sum of adjusted net worth and value of in-force business or estimated future profits. In July, LIC had announced it would disclose its embedded value twice a year against the industry practice of releasing it once a year.
As the government and LIC had decided to declare the
