Stop Privatization L​.​I​.​C (Life Insurance Corporation of India)

Stop Privatization L​.​I​.​C (Life Insurance Corporation of India)

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Seetharam P Maringanti started this petition to President of India and

Government to privatize LIC (Life Insurance Corporation of India) partially.

Currently, the government holds the entire 100 per cent stake in insurance behemoth LIC, which is a big investor in share sales, including IPOs of state-run companies.

The 60-year-old state-owned firm, LIC, is the country's largest insurer, controlling more than 70 per cent of the market share. The insurer has a market share of 76.28 per cent in number of policies and 71 per cent in first-year premiums.

Last Year The Modi government forced the Life Insurance Corporation (LIC) to invest in various firms in the name of disinvestment plans. Investing in loss-making firms lands the institution in trouble. Now, the government is planning to sell LIC itself. 

Please sign the petition to stop privatization of LIC of India.

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