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Govt of India has announced to list Life insurance corporation of India after an IPO and to disinvest 5% of it's stake. Elaborate as to

Govt of India has announced to list Life insurance corporation of India after an IPO and to disinvest 5% of it's stake. Elaborate as to what this measure can do to the Insurance industry and the ecosystem by highlighting its impact on the fundamentals of insurance business in India?

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