 "LIC")
Three unions in Life Insurance Corporation of India (LIC) representing officers, field workers and class III employees on Saturday said the move to sell equity of the insurer will impact the economy and vulnerable sections of the Indian people.
In a letter to the Union Finance Minister Nirmala Sitharaman the three unions - Federation of LIC Class I Officers' Associations, National Federation of Insurance Field Workers of India and All India Insurance Employees' Association- requested her to withdraw invitation of bids for appointing pre-Transaction advisors for LIC's initial public offering (IPO) and reconsider the decision of disinvestment in LIC.
The three unions
