Life insurers IPOs turn easy

All private life insurance companies may be allowed to enter the capital market to raise equity funding before completing 10 years of * Finance Ministry proposes transparent, easy norms to help life insurers go public * Current norms requite 10 years of operation but this may be eased and SEBI rules enforced * SEBI rules allow IPOs if a company shows net profits for three straight years * Government rules out case-by-case IPO approval, like the one sought by Reliance Life Insurance operation, provided they fulfill other criteria laid down by market regulator Securities and Exchange Board of India, which apply to any other entity.

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