The government plans to privatise public general insurer United India Insurance Company in the first instance as well as sell-off Life Insurance Corporation (LIC), considered to be the fulcrum of financial security for most of the Indians, Mitra said.
source https://economictimes.indiatimes.com/industry/banking/finance/insure/bengal-fm-amit-mitra-writes-to-nirmala-sitharaman-against-privatisation-of-insurance-companies/articleshow/84969842.cms
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