Life Insurance Corporation of India (LIC) is not being privatized: Central Government informs the Lok Sabha

he Central Government has informed the Lok Sabha on Mar 15, that the Life Insurance Corporation of India (LIC) is not being privatized. The information was provided by the government in a reply to a supplementary question during the Question Hour in Lok Sabha.

The Minister of State for Finance, Anurag Thakur, also stated that the govt will be bringing the Initial Public Offer (IPO) to bring in transparency and valuation. Thakur also replied that, the IPO will increase the investment in LIC. However, the decision regarding the percentage for shareholders will be taken later. The IPO is also known as the stock market launch.
 

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