COVER DRIVE
▶ Govt wants to nudge LIC policyholders to invest in stock markets who otherwise consider such investments risky
▶ Network of 2.28 million LIC agents to undertake the exercise
▶ The drive will not promote subscription to LIC IPO as Sebi guidelines require companies to file offer documents before IPO promotion
▶ Exercise planned ahead of LIC IPO as govt is looking to reserve 10% of issue size for policyholders