INSURANCE COMPANIES WENT PUBLIC IN 2017



IPO
    Initial public offering, As the name suggests any private company went to public by selling of stock for the first time to general public. Before going to public only few people can invest in the share like founder and its family members , venture capitalists and angel investors but after announcing it  to go for public(IPO),  people who are interested can buy the shares.

 Insurance companies went public this year:

    Two life insurance companies:

  1.  SBI life insurance Co .Ltd
  2.  HDFC Standard life insurance Co.Ltd

   Three non-life insurance companies:

  1.  ICICI Lombard general insurance company of India
  2.  The New India Assurance Company
  3.  Reinsurer General Insurance Corporation of India
IPO give the industry a lot of  visibility. It provides a greater level of transparency, governance and compliance Which is good for industry. Greater transparency and accountability due to listing are long term positives for policy holder in India.
               

Location: Plot Number 5, Knowledge Park 2, NCR, Greater Noida, Uttar Pradesh 201306, India

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