InvestorQ : Do you foresee problems from labour unions and sales agents of LIC for the LIC IPO?
vidhya Laxmi made post

Do you foresee problems from labour unions and sales agents of LIC for the LIC IPO?

Answer
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7 months ago


It needs to be remembered that LIC has a unique structure of operation and that could pose another challenge. Employees and unions of LIC are already up in arms against the proposal to partially sell the stake in LIC. Then there are the LIC agents who have been integral to the growth of LIC over the last 60 years. They will ask for implicit guarantees that their roles will not be sidelined. Above all, the millions of policyholders of LIC account for close to 80% of the insurance market and they will need reassurance that their monies will continue to be safe. It will be a tough ask to handle these diverse forces and the success of the LIC IPO will predicate on how well the government is able to handle these diverse forces.