THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY.

THIS IS NOT A PROSPECTUS

ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE
OR SUBSCRIBE FOR UNITS OR SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY OUTSIDE INDIA

Our Company was incorporated as “ Life Insurance Corporation” under the Act of Parliament
-LIC PARLIAMENT ACT 1956, 1956 at Mumbai. The company was established with the
merger of over 245 insurance companies and provident societies. LIC offers an array of life
insurance plans including a range of ULIPs, pension plans, child plans, term insurance and
others. We are Registered under IRDA(Insurance Regulatory and Developmental Auhtority)
in 2000. For further details in relation to corporate history of our Company and details of the
change in the Registered Office, please see the section titled “History and Certain
Corporate Matters” on page 147 of the Draft Red Herring Prospectus.
Registered and Corporate Office-  Mumbai DO-I, M/S Mayfair Housing Pvt. Ltd., 9, Mayfair
Meridian, Near St. Blaise Church, Caesar Road, Andheri(W) 

Telephone- +91 22 6827 6827 Facsimile- +91 23324683

Company Secretary Chief Compliance Officer – Nitin K Judge Telephone- 0562-2524912 Facsimile
- 0183-2560673

Email Id- nitin_jage@lichousing.com

Website- https://licindia.in/

_______________OUR PROMOTERS – GOVERNMENT OF INDIA_________________________

PUBLIC OFFER OF 9000,00,000 SHARES OF FACE VALUE Rs 12 EACH ( THE

EQUITY SHARES) OF LIFE INSURANCE CORPORATION OF INDIA ( INCLUDING A
SHARE PREMIUM OF RS 3 EACH PER EQUITY SHARE FOR THE FRESH ISSUE)
(“THE OFFER PRICE”), AGGREGATING UPTO RS [.] MILLION COMPRISING OF
FRESH ISSUE OF UPTO 10000000 OF EQUITY SHARES IN SPILIT INSTALLMENTS
AND RESERVATION OF A RESERVATION OF 12,00,000 EQUITY SHARES FOR
SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE “EMPLOYEE RESERVATION
PORTION”). THE OFFER WOULD CONSTITUTE 10% OF THE POST OFFER PAID-UP
EQUITY CAPITAL OF OUR COMPANY AND THE NET OFFER WOULD
CONSTITUTE 9.90% OF THE POST OFFER PAID-UP EQUITY CAPITAL OF OUR
COMPANY. **
 THE PRICE BAND AND THE MINIMUM BID LOT WILL BE DECIDED BY THE
SELLING SHAREHOLDER AND OUR COMPANY, IN CONSULTATION WITH THE
BOOK RUNNING LEAD MANAGERS (“BRLMs”) AND PUBLISHED ATLEAST TWO
WORKING DAYS PRIOR TO THE BID OPENING DATE, IN ONE HINDI NATIONAL
DAILY NEWSPAPER AND ONE ENGLISH NATIONAL DAILY NEWSPAPER, EACH
WITH WIDE CIRCULATION (HINDI ALSO BEING THE REGIONAL LANGUAGE IN
THE STATE WHERE THE REGISTERED OFFICE IS LOCATED), WITH THE
RELEVANT FINANCIAL RATIOS CALCULATED AT THE FLOOR PRICE AND AT
THE CAP PRICE.**
*subject to adjustments that may be required as a consequence of, inter-alia the Retail
Discount, Employee Discount and the actual subscription and Allotment in terms of the Basis
of Allotment.

This Offer being made is in terms with Rule 19 (2) (c) of the Securities Contract Regulation Rules, 1957, as amended,
and pursuant to Regulation 26(1) of the the Securities Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2009, as amended, (the “SEBI ICDR Regulations”),through the 100% Book Building
Process,wherein not more than 50% of the Net Offer will be allocated to Qualified Institutional Buyers (“QIBs”)
(“QIB Portion”). Further, 5% of the QIB Portion will be available for allocation on a proportionate basis to Mutual
Funds only. The remainder of the QIB Portion will be available for allocation on a proportionate basis to QIBs
including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. The remainder
of the QIB Portion will be available for allocation on a proportionate basis to QIBs including Mutual Funds, subject
to valid Bids being received at or above the Offer Price. In addition not less than 15% of the Net Offer will be
available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer
will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being
received at or above the Offer Price. Further 12,00,000 Equity Shares shall be available for allocation on a
proportionate basis to Eligible Employees (as defined hereafter), subject to valid Bids being received from them at
or above the Offer Price. Any Bidder may participate in the Offer through the ASBA process by providing the details
of the bank accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. Specific attention of
investors is invited to the section titled “Offer Procedure” on page 290 of this Draft Red Herring Prospectus. RISK IN
RELATION TO FIRST OFFER

SHAREHOLDER’S RESPONSIBILITY
Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red
Herring Prospectus contains all information with regard to our Company and the Offer, which is material in the
context of the Offer, that the information contained in this Draft Red Herring Prospectus is true and correct in all
material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein
are honestly held and that there are no other facts, the omission of which make this Draft Red Herring Prospectus
as a whole or any of such information or the expression of any such opinions or intentions misleading in any
material respect. The Selling Shareholder confirms all information set out in this Draft Red Herring Prospectus in its
respect as the Selling Shareholder which is material in the context of Offer for Sale

LISTING
The Equity Shares offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the
NSE. For the purposes of the Offer, the Designated Stock Exchange shall be [●]. We have received in-principle
approvals from BSE and the NSE for the listing of our Equity Shares pursuant to their letters dated [●] and [●],
respectively.
 BOOK RUNNING LEAD MANAGERS

IDBI Capital Market Services Limited
3rd floor, Mafatlal centre, Nariman
Point, Mumbai 400 021, India
Telephone : +91 22 4322 1212
Facsimile : +91 22 2285 0785 E-
mail :nbcc.ipo@idbicapital.com
Investors Grievance Email :
redressal@idbicapital.com
Website :www.idbicapital.com
Contact Person :Mr. Subodh Mallya |
Mr. Rishi Tiwari SEBI Registration No:
INM000010866
Enam Securities Private Limited##
801 Dalamal Tower, Nariman Point
Mumbai 400 021, India Telephone:
+91 22 66381800 Facsimile: +91 22
22846824 E-
mail:nbcc.ipo@enam.com Investors
Grievance E-mail:
complaints@enam.com
Website:www.enam.com Contact
Person: Ms. Kanika Sarawgi SEBI
Registration No: INM000006856
Bigshare Services Private Limited
E/2, Ansa Industrial Estate, Sakivihar
Road, Sakinaka, Andheri (E), Mumbai
400 072, India Telephone : +91 22
404 30 200 Facsimile : +91 22 2847
5207
Email:ashok@bigshareonline.com
Investor Grievance ID :
ipo.nbcc@bigshareonline.com
Website : www.bigshareonline.com
Contact Person :Mr. Ashok Shetty
SEBI Registration No. :INR000001385

For and Behalf of Life Insurance Corporation

India

Nitin K judge
Company Secretary and Chief Compliance officer

Place- Mumbai
Date – 10th August
*Our Company and the Selling Shareholder in consultation with the BRLMs may consider closing the QIB Bidding Period
one Working Day before the Bid Closing Date for other Bidders.