LIC policyholders are not entitled to dividend from surplus fund

THE BOMBAY HIGH COURT has refused ad-interim relief to stall the proposed Initial Public Offering (IPO) by the country's oldest and largest insurer –Life Insurance Corporation of India, with a rider that any IPO before the court finally decides the challenge would be subject to the outcome of the petition.

source https://www.caclubindia.com/articles/lic-policyholders-are-not-entitled-to-dividend-from-surplus-fund-47057.asp