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IPO-bound LIC’s AUM rose Rs 1 trillion from March-September 2021

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IPO-bound LIC’s AUM rose Rs 1 trillion from March-September 2021

Assets under management (AUM) of Life Insurance Corporation of India (LIC) subject to initial public offerings (IPOs) rose to 38 trillion rupees as of September 2021, compared with 37 trillion rupees as of March 2021, people familiar with the matter said.

As of September 2021, its AUM was almost 3 times that of all private life insurers in the country and more than 15 times that of SBI Life, the second largest life insurer. SBI Life’s AUM is around Rs 2.4 trillion as of September 2021, sources said.

In addition, as of September 2021, 61.67% of LIC’s AUM was from participating policies, 37% from non-participating policyholder investments, 1.15% from unit-linked policies and 0.16% from shareholder investments.

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The state-owned insurance giant is expected to file a draft of its red herring prospectus with market regulator Securities and Exchange Board of India this week. This could be the largest IPO the Indian capital market has ever seen, with the government looking to raise anywhere between Rs 50,000 crore and Rs 1 trillion from LIC’s listing on the exchange.

LIC is also one of the largest institutional investors in the country with a total stand-alone investment of Rs 39.49 trillion, of which Rs 9.78 trillion was invested in equities as of September 2021. Additionally, over 90% of equity investment holdings are part of the Nifty 200 and BSE 200 indices.

The life insurer is looking to increase the share of non-participating products in its portfolio. Going forward, the insurer wants to focus more on unit-linked insurance plans (ULIPs), as well as protection, annuities and health products.

Traditionally, LIC has focused more on participating products, such as donation and refund programs. Now, it is looking to further diversify its product portfolio by increasing sales of its existing non-participating products and launching new products under the category.

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In a non-participating policy, the insurance company does not share profits with the policyholder, nor does it pay dividends. Non-participating insurance plans provide guaranteed benefits to policyholders only. That is, the sum assured when the policyholder dies, or the maturity benefit payable when the plan expires.

Although LIC remains the largest player in the life insurance market, it is losing market share to other private players due to their diversified product portfolio and strong distribution through bancassurance partners.

LIC’s market share in new business premiums stood at 61.16% as of January 2022, compared to 66.18% in April 2021, thus costing private sector life insurers nearly 500 basis points of market share.

Complete News Source : Business Standard

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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