News for 'life-insurance-of-india'

'Decision to sell LIC is more political than economic'

Rediff.com23 Feb 2022

'How can you explain the necessity of selling an institution that has been delivering regular returns to the government, that has never asked for any capital from the government, that has invested Rs 38 lakh crores in the Indian economy and that owns 4 per cent of the market capitalisation in India?'

'Government is selling people's trust in LIC'

Rediff.com17 Feb 2022

'The entire value of LIC is created by its shareholders because after the initial invest net of Rs 5 crores in 1956, the government has not given any additional capital to the LIC.' 'If the corporation has expanded and emerged as the biggest financial institution in the country, it is only because of the policyholders.'