Anchor investors are institutional investors who are allotted shares before an IPO opens but they have to hold their shares for a certain period after listing
A large part of this is attributable to the slow growth delivery of 6.2% in LIC’s y-o-y RWRP in Dec’21 vs. 22% growth in Nov’21. YTD FY22, private sector RWRP grew strongly at 30% y-o-y vs. a muted 5% y-o-y for LIC.
There are other private life insurers such as ICICI Prudential Life Insurance and Kotak Mahindra Life, who had posted negative growth during the period.
One of Asia s life insurance giants, the Life Insurance Corporation of India (LIC), closed December 2021 with about 20 per cent decline in new premium as compared to the premium earned during the corresponding period of 2020.However, LIC is not .