“In line with our stated strategy, we continue to focus on profitable growth and providing the best value proposition to our customers, partners and shareholders,” HDFC Life Insurance Managing Director and Chief Executive Officer Vibha Padalkar said in a statement.

The embedded value (EV) of the company increased by 15.1 per cent to Rs 21,623 crore at the end of March 2019, the company said in a statement.

23 private players have mobilised a total premium of Rs72,461 crore, registering a growth of 22 per cent . However, in terms of policies, at 72,54,556,these players have just recorded a growth of 5.74per cent.With a markert share of almost 7 percent , the listed HDFC Life has emerged as the largest private sector players and second largest life insurance player in the country.

Addressing a press conference, Singh, who is the Congress nominee from Bhopal Lok Sabha constituency, expressed apprehensions that LIC might not be able to return money of policy holders if the current situation continues.

The two other posts MDS will also fall vacant in couple of months as B Venugopal and Hemant Bhargava will be retiring in May 2019 and  July 2019 respectively and the the Banks Board Bureau (BBB) is likely to conduct the interviews of senior officials of the corporation after the elections are over in May end.  .

The floor price for the sale has been fixed at Rs 300 apiece.The sale offer will be open for non-retail investors on March 26 and close on the same day. For retail investors, the date has been fixed as March 27.

T.C.Suseel Kumar has also taken charge as one of the Managing directors of LIC today while Vipin Anand will be taking over as one of the MDS after Sunita Sharma retires on March 31