Life Insurance Corporation of India’s (LIC) Embedded Value (EV) was at Rs 5.41 trillion at the end of March, significantly higher than Rs 95,605 crore at the end of March, 2021, the insurer said on Thursday. The increase is due to the bifurcation of fund into separate participating and non-participating funds, pursuant to changes in the LIC Act, 1956. Earlier, the insurer had only one fund and the valuation surplus from the participating (par) and non-participating (non-par) business was distributed between policyholders and shareholders in a ratio of 95:5. The LIC stock has lost nearly 25% since it listed on …
