NEW DELHI: Life Insurance Corporation (LIC), the largest life insurer in India, has finalised a deal with IDBI Bank, which will eventually pave way for infusion of Rs 13,000 crore in the NPA-mired state-run bank, ETNow reported. The lender will make preferential allotment of shares to LIC, the report said.Post this deal, the government’s stake in IDBI Bank will fall below 51 per cent, the report added.IRDA is likely to clear the proposal today. The insurance regulator may give LIC exemption from 15 per cent investment cap.More to come…