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Cash cow at the crossroads: LIC@65!

Nov 26, 2020

My Op-Ed in TOI Blogs today: November 26, 2020.

Cash cow at the crossroads: LIC@ 65! (

Wooing foreign capital in a backdrop of worsening #ClimateCrisis will be truly onerous for the LIC.It cannot be a life/health insurer/ manager of pensions and own big stakes in businesses with adverse environmental, societal impact. Investing in coal, for instance, is bad economics too.

It’s creation was triggered by a serious systemic failure of governance in the life industry. This time around the ambit of governance has widened to Environment, Societal and Governance. Can the LIC transform itself by imbibing ESG and Principles of Responsible Investment (PRI)? The rules of enlightened leadership have changed. Status quo is not an option either.

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