Govt says LIC not being privatised
New Delhi:16.03.2021
The government assured the Lok Sabha on Monday that it is not intending to privatise Life Insurance Corporation. It has only planned an IPO to raise the market share of the largest life insurer in the country and bring more investment for better prospects of its policyholders.
Reminding the opposition benches that his government introduced a moratorium on loan repayments to banks when the Covid pandemic hit the country, similarly, if there are problems faced by people in continuing payments of LIC premiums, the insurer may consider providing relief. “There is no plan to privatise LIC. We are just bringing an IPO,” minister of state for finance Anurag Thakur said while responding to questions on LIC disinvestment. TNN
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