LIC's Embedded Value Determination Process Going On, Says Managing Director

LIC has said the exercise of determining its embedded value as on March 2022 is a "work in progress" and is to be completed by the end of next month

State-owned Life Insurance Corporation of India (LIC) on Tuesday said the exercise of determining its embedded value (EV) as on March 2022 is a "work in progress" and is likely to be completed by the end of next month.

The embedded value is a measure of the consolidated value of shareholders' interest in the life insurance business.

It represents the worth of shareholders' interests in the earnings distributable from the assets allocated to the business after sufficient allowance for the aggregate risks in the business.

LIC's embedded value was pegged at about Rs 5.4 lakh crore as on September 30, 2021 by international actuarial firm Milliman Advisors.