InvestorQ : With the LIC stake being sold, what happens to our LIC insurance policies? Are they still safe?
Mary Joseph made post

With the LIC stake being sold, what happens to our LIC insurance policies? Are they still safe?

Answer
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sara Kunju answered.
7 months ago


There are couple of points to note here. Firstly, government is unlikely to sell more than 10% stake in LIC. Secondly, the FM has confirmed that the sovereign guarantee will continue. Anyways, insurance is closely regulated by IRDA and you don’t need to worry much.