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Congress may oppose LIC listing if govt fails to convince: Chidambaram

Congress may oppose LIC listing if govt fails to convince: Chidambaram

Tuesday, February 4, 2020, 8:32 AM

Congress may oppose the proposal to list insurance behemoth Life Insurance Corporation of India if the Centre failed to convince it with rationale explanation for its move, senior party leader P Chidambaram said. The LIC is profitable despite fierce competition from very-large-insurance-companies of the world with deep pockets and it has also increased its first premium share last-year by about 5%, he said.
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