ILFS has become a million dollar mystery to talks about and rather become imperative to understand its impact on our investments. Nonetheless, there are chatters around by which everyone is trying to gauge its deep-shit hole and try to find something positive which eventually could calm the investors at large.
Are we really indicating a next big crisis or rather scandal which perhaps would collapse entire financial system?, not talking about ILFS but i am talking about LIC india which could end up bursting in such a manner where entire system would collapse. LIC has been doing a lot more scary investments eventually for money which comes from retail policyholders or insured entity.
Have you recently heard about any of LIC scheme which would have given bonus or something comparative returns to its policy holders, probably no because of irrational investments that are happening and sounding it very strange to the stakeholders.
Wait for the time when we have LIC as next Lehman Brothers for India.....
Cheers...
Anuj Agrawal
Ahmedabad
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