Successive Govts Paved Way to Dismantle LIC: Siva Subramanian
“The Life Insurance Corporation of India (LIC) is a very strong financial institution of the country. A feat made possible by money invested by the common man for decades. But the Vajpayee government opened the insurance sector to Foreign Direct Investment. The successive UPA-2 and Modi government accelerated the privatisation process by increasing the FDI percentage in the sector," said Siva Subramanian, Joint Secretary of South Zone Insurance Employees' Federation.
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