How the LIC IPO will impact the employees?

The LIC IPO should not change anything for its employees. Moreover, it is speculated that employees may get special quota at a discount to participate in LIC's equity.

With the announcement of government selling a partial stake in 100% owned LIC, it created panic amongst employees with fear of privatization. However, as per the company management, this stake sale will not change the ownership of LIC as the government will sell not more than 10% of its stake. Thus, LIC will still qualify as government-owned and should not be viewed as the privatization of LIC with no impact on its employees.