LIC runs on policyholders money and its main purpose is to maximise returns for them, by way of giving higher bonuses, lowering of premiums and increasing the coveer for the same premium. Any bailout of any bank etc means giving policyholders money towards a wasteful purpose. If IDBI bank is failing so be it, let it fail because of poor management, why should it be bailed out? Tomorrow there will be another bank and next day some third bank. Where is it going to end ?
