Aimy Meir 11 Questions 33 Answers 3 Best Answers 187 Points View Profile 0 Aimy Meir Asked: February 13, 2020In: Money Why is LIC being sold? 0 I have heard that the government is selling a huge LIC stake. Is this true If this happens, will LIC become a private company. Share Facebook 2 Answers Voted Oldest Recent sameer mohammad Delhi, India 17 Questions 37 Answers 5 Best Answers 195 Points View Profile sameer mohammad Added an answer on February 13, 2020 at 3:51 pm If you are thinking that the government is going to sell LIC then you are wrong. The government is selling only 10% stake. The government will keep 90% of its liability. So there is nothing to fear. This will not affect your LIC policy. Do you know what is the government’s stake in SBI Bank? You will be surprised to know that the government’s shareholding in SBI bank is only 61.23%. But still we trust SBI Bank. So this is a good opportunity to invest in LIC. LIC is launching IPO soon. Through which you too can invest in the IPO of LIC and get good returns. 2 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Adityaoo7 Shimla, India 102 Questions 99 Answers 0 Best Answers 285 Points View Profile Adityaoo7 Added an answer on February 13, 2020 at 5:04 pm LIC is already a semi-govt. company but there is no news that LIC is being sold. 1 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.