A big news is coming out about LIC’s IPO. In the Union Cabinet meeting, a big decision has been taken regarding LIC IPO. The cabinet has approved to increase the foreign investment (FDI) limit in LIC to 20 percent. Sources said that the cabinet has allowed FDI up to 20 percent in LIC. Significantly, a cabinet meeting was held on Saturday, in which this decision was taken. Earlier it was expected that the government may change the FDI rules to attract investors.