IPO-bound LIC 3rd largest globally, but offers highest RoE of 82%: CRISIL

While for LIC the market share has been steadily declining--down from 100% in the pre-2000 era to 64.1% in 2020, for SBI Life, which is the second-largest insurer, the same was only 5% in 2016 and 8% in 2020, a Crisil report said