GEARING UP

Allowing FDI would permit strategic investors such as massive pension funds or insurance firms to participate in LIC'S IPO

The level of strategic investment that may be allowed is unclear

The RBI defines FDI as purchase of a stake that’s 10 per cent or larger by an individual or entity based abroad

Listing could value LIC at as much as $261 billion, based on its assets under management and using private sector insurers as a benchmark, said Jefferies India analysts