Life Insurance Corporation's chairman M R Kumar has assured investors that company is well capitalisedNEW DELHI: State-run Life Insurance CorporationOf India (LIC), which is planning the country's largest initial public offer (IPO) next month, is well capitalised, the company's chairman M R Kumar said on Monday.Mr Kumar said LIC's potential investors should not worry about government control post the IPO as decisions in the country's largest insurance company are taken by its board and not by the government, which will hold 95 per centof stake post the IPO.LIC is planning to sell a 5 per centstake to raise about $8 billion next month, which could make it India's largest IPO by far.