The government is preparing to reduce its stake in Life Insurance Corporation of India (LIC) to 6.5 percent by the end of the year. It is being told that the government can sell stake worth Rs 8,800 crore to Rs 13,200 crore. Quoting sources, the Economic Times report said that the purpose of taking this step is to increase public shareholding in the company as per the rules of market regulator SEBI.

Why is the government selling its stake?

The government will have to sell 6.5 percent more stake in LIC by May 16, 2027. According to SEBI rules, at least 10 percent stake in any listed company should be with the public. Whereas after listing, the public holds only 3.5 percent stake in LIC. Whereas the government has 96.5 percent stake in LIC, hence the government will have to sell 6.5 percent more of its stake within the stipulated time. It will be sold in several batches so that the share price is not affected much and the existing shareholders do not suffer loss.

Impact visible on shares

The impact of this news was seen in LIC shares on Wednesday. It opened at Rs 901. During trading, it was trading at Rs 915, up almost 2 percent. Investors also looked positive about this because by selling stake, liquidity in the market can improve and the ownership rights of LIC can also be divided among many other people.

However, despite the positive response from the market, LIC shares remain below its IPO price of Rs 949. On Tuesday, it closed at Rs 900.70. LIC has got time till May 2032 to increase public shareholding to 25 percent. Don’t worry about the government selling its stake in LIC because it will have no impact on your policy, bonus or claims.

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Lic Policy: Life Insurance Corporation of India (LIC) has made a new record by selling the highest insurance policy in 24 hours. LIC said on Saturday that it achieved the title of Guinness World Record by selling the most life insurance policies in 24 hours.

Guinness World Records verified

This historical achievement has been verified by Guinness World Records himself. Along with this, the spectacular performance of LI’s network has been appreciated by Guinness World Records on January 20, 2025. On January 20, a total of 4,52,839 agents of LIC across the country achieved this record by selling 5,88,107 life insurance policies. The statement issued by LIC said, “Within 24 hours, he established a new global benchmark for agent production in the Life Insurance Industry.”

Life Insurance Corporation of India Achieves Guinness World Records . Most Life Insurance Policies Sold in 24 hours.#Lic #Licinsurancepolicy #GuinnessworldRed pic.twitter.com/wrtwz7utlt

– Lic India Forever (@Licindiaforever) May 24, 2025

‘Mad Million Day’ was successful

The statement further said, “This is a powerful verification of the tireless dedication, skills and tireless work of our agents. This achievement shows our deep commitment to our mission to provide significant financial security to our customers and their families. “This record effort was the result of the initiative of LIC MD and CEO Siddharth Mohanty, in which he appealed to every agent to complete at least one policy on ‘Mad Million Day’ on 20 January 2025.

Speaking on the occasion, Mohanty thanked all the customers, agents and employees for making ‘Mad Million Day’ historic.

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Lic retirement plan scheme: All people walk while working or while doing business and plan for their retirement. Because when he takes retirement, then after that, how will his expenses run and prepare retirement funds. So that they do not have to depend on others for their expenses. If you are also thinking of investing in a retirement scheme to get pension after retirement.

So this scheme of LIC may come very little to you. After investing in this retirement scheme, you will get a pension of more than 1 Lakh rupees every time. Let us tell you which is this scheme and how can it be invested in it.

LIC should invest in new life peace plan

If you want to take a pension of 1 lakh rupees every year after retirement. So you can invest in LIC’s new life peace policy. Now let us tell you that this is an exclusive plan. You can take it in two ways. In which Deford Ananuity for Single Life and Deford Unanyut for Jint Life i.e. you can make a single invest or if you want to be commented. In this, you can get your pension limit fixed. After retirement, you will continue to get a lifetime. Let me tell you that you are also given a lot of interest in it.

https://www.youtube.com/watch?v=zaamcvp2_5g

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Will get more than one lakh pension every time

This new life peace policy of LIC has been created from 30 years to the age of 79 years. If you are 55 years old. And start investing in the scheme. So you have to deposit 11 lakh rupees at a time. After this, your money will be on hold for 5 years. And then after the age of 60, you will get one 1,01,880 rupees every year. If you take pension in 6 months. So you will get Rs 49,911, that is, if you talk every month, you will get Rs 8,149 as a pension.

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This is how you can take policy

If you want to take the new life peace policy of LIC. Then you can go to your nearest LIC office. Apart from this, you can also apply by visiting LIC’s official website https://licindia.in/.

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