A new dawn is going to be for millions of policy holders of Life Insurance Corporation of India (LIC). The central government is planning to sell its stake in many government companies this year, and LIC is at the forefront of this. But this time the story is different. The government has decided that not only the common citizens will get a chance in LIC's share sales, but the policy holders of LIC will also get a big benefit. Come, let's understand this news closely what color this change can bring in your life.

New experiment with lic

The purpose of this initiative of the Central Government is not just to raise money, but also to make the common people a shareholder of government assets. Investment Department Secretary Arunish Chawla recently said that a particular part of the sales will be reserved for policyholders. That is, if you have a policy of LIC, then you can also take advantage of this opportunity. This step will not only financially strengthen policyholders, but will also give them a new experience of share market. The government wants companies like LIC to be an example in the stock market.

Why is this plan special?

Last year, Central Public Sector Companies (CPSES) distributed a dividend of Rs 1.4 lakh crore. Out of this, 74,000 crore rupees went to the government treasury, while the remaining amount reached small investors and mutual fund holders. This time the government thought, why not make LIC policy holders a part of this profit? Chawla says that this scheme will not only increase the trust of the common people, but will also bring government companies closer to the public. This is a chance that combines investment and security together.

What will change for policyholders?

If you are a customer of LIC, then this news has brought double happiness for you. On the one hand your policy will continue to give you the confidence of insurance, on the other hand you will be able to take advantage of the stock market by participating in the stake sales. This is a step of the government, which will also make LIC a means of investment by taking it beyond the insurance company. However, the nuances of this scheme are yet to be revealed, but it is certain that it can prove to be a golden opportunity for policyholders.