Throwing LIC open to private players will destroy its ethos of public service, make them subservient to profit-making motives | The Indian Express

Throwing LIC open to private players will destroy its ethos of public service, make them subservient to profit-making motives | The Indian Express

Throwing LIC open to private players will destroy its ethos of public service, make them subservient to profit-making motives

JULY 13, 2020 8:42:30 PM

The argument for privatising the LIC is based on the thinking that the move will augment the corporation’s efficiency. But surely the LIC couldn’t have grown from a 5-lakh company to one worth 32 lakh crore if it lacked efficiency.