Just because LIC is in good health, our great FM (returned) wants it to bail out IL and FS. Already, LIC has been asked to take additional stake in IDBI Bank. Uday Kotak has been put in charge of IL and FS. Our FM is fast creating conditions that will render a giant like LIC to become weak by taking substantial stake in these entities. This will pave way for a weakened LIC with low or negative capital to be handed over to the private sector (who knows, probably Kotak Insurance) on a silver plate. Long live our PSUs.
Re: hi
by Vidyut Shenoy on Oct 03, 2018 10:42 AM
What have you been smoking? You do not return a policy ... you can only stop paying the premium - at your peril! Go ahead do that and miss out on all that you have paid so far.
