The Life Insurance Corporation of India is coming out with India’s largest IPO. Once listed, LIC will likely become the country’s biggest company by market capitalization. It is the sole public player out of India’s 24 life insurance companies to date. The company plans to sell 3.5% of its stake through an offer for sale (OFS). The corporation is also offering special discounts and reservations to policyholders and employees. The company has reserved 35% of the total issue for retail investors, 10% for the policyholders, and 5% for LIC employees. To avail of the 10 percent quota of policyholders, you …