INSURANCE IPOS LIKELY BEFORE MARCH' 11

According to leading rating agency CARE, Life insurance companies instead of general insurers would hit the capital market earlier and the market would witness a number of insurance IPOs before March 31 next. CARE, the agency which grades IPO based on companies' fundamental, said
insurance IPOs would do better than expected as the sector has a tremendous potential though it went through a bad phase during the SEBI-IRDA tussle over the sale of unit linked insurance plans.