Statement on LIC IPO by Peoples Commission on Public Sector and Public Services
21 January, 2022
The Commission feels that listing of the LIC and its disinvestment will radically alter LIC’s role as a social security provider for the disadvantaged sections, dilute the pivotal role that millions of its small policy holders play, in favour of affluent profit-seeking investors. Indirectly, it implies a thoughtless handing over of control of the vast pool of household savings to private, including foreign, investors.
upload.Statement on LIC by Peoples Commission - Jan 21, 2022