LIC IPO – Selling Trust of People


Editorial of Insurance Worker by Com. Amanulla Khan, Editor and ex-General Secretary All India Insurance Employees Association


LIC is too important an institution in the lives of the people and the nation to be privatized. The LIC IPO will certainly erode the social commitment of this institution as the focus of business turns to create value for the shareholders. The change in the surplus distribution pattern from 95:5 in favour of policyholders to 90:10 is a crude blow to interests of policyholders who have financed the growth and expansion of this fine institution.

Upload.IW Editorial-LIC IPO



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