1) LIC's gross NPA is about 1% and net NPA about 0.04% which is very very less compared to others. So no need to worry.
2) IPO doesn't affect sovereign guarantee of LIC policies as just a little part of the capital is floated for IPO and major shareholder continues to be Central Govt like in SBI etc.
3) IPO ensures more transparent corporate governance. Public (any investor) can become shareholders. So no harm to policyholders/employees.
4) The IPO issue process needs an amendment to the LIC Act. Moreover, for valuation before the issue of IPO and for the procedure for listing, it takes time.
5) Most of the policyholders take LIC policies not just for 80C. So change in income-tax deduction structure has a negligible effect on LIC policy sales.
6) As it is no change in the LIC investment pattern which is very strong and secure.
7) LIC will soon reduce it's share to 15% in IDBI as per RBI guidelines.
8) Present new plans are released as per new IRDA guidelines and with additional features like - PWB in all minor policy cases (of course, with some extra premium); Term rider and AB options in SP cases also; Settlement option in maturity as well as death benefit; Paid-up value time reduction
from 3 to 2 yrs, increase in revival period from 2 to 5 yrs, etc which are beneficial to policyholders.
But no change in pricing and other main features of plans.
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