Abstract
If the Life Insurance Corporation of India is said to be synonymous with insurance in India, then there is no exaggeration. As a Public Sector Undertaking, Life Insurance Corporation of India has been actively participating in the insurance business in the country for the last about 65 years. “It is often said that it is not the business of the government to be in business.” Finance Minister Sitharaman had proposed to sell part of its stake in LIC through an IPO in her FY21 Budget speech. The purpose of this research paper is to analyze the effects of the disinvestment of LIC. Data and information related to this work have been collected through IRDAI's annual report, Annual report of LIC, newspapers, magazines and various websites. The study revealed that disinvestment in LIC will bring transparency to its work and improve efficiency. Moreover, it gives the opportunity for the retail investor to participate in the wealth creation of LIC.
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