Recently, the state-owned insurance company, LIC has deferred their initial public offering (IPO) plans. The poor market conditions have prompted LIC to withdraw over 70000 crores from the market. Due to present volatile markets, many companies have postponed their IPOs until the second quarter. They are expected to process their IPOs after the secondary market stabilizes.
Amid this, we have made a comparison between the popular “The Big Bang Theory” and the LIC IPO. LIC is compared to Raj aka Rajesh Koothrappalli from “The Big Bang Theory.” Raj is portrayed as a friend in need of everyone in the popular sitcom. Similarly, the Life Insurance Cooperation of India can be considered as the company which people can rely on at times of their needs. Millions of Indians have opted for its life insurance policies. According to an analysis, LIC is successful to sell three out of its every four policies. More than 283 million policies have been sold until now.
Investing in LIC shares might be a good deal because the demand for buying life policies is increasing in India. Hence, it is obvious that this sector will make great money in the future. Hence, it might be a good deal for investment for risk-averse investors. But before investment, one should note that not all decisions are made with respect to gains since it is a government-owned company. Hence, all its decisions are to be made with respect to profit for every Indian in a way similar to Raj carrying his parent’s luggage.
Another comparison includes both Raj and LIC refusing to grow. Just like Raj is unable to move forward with the latest times, similarly, LIC has never tried to grow up to a famous service provider. It has just gone from selling fewer policies to selling more policies.
