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PMJJBY subscribers not eligible for shares at discounted rates: LIC
short by Ashley Paul / on 22 Feb 2022,Tuesday
Subscribers of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are ineligible for shares at a discounted price in the upcoming LIC IPO, the insurer clarified on Tuesday. "It is a group insurance product and [PMJJBY policyholders] aren't eligible," LIC said in a statement. This comes after LIC Chairman MR Kumar on Monday said PMJJBY subscribers are eligible for discounted shares.
short by Ashley Paul / 11:21 pm on 22 Feb
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