LIC fund is not a government own fund .it is fund for policy holder how government converted this fund to protect IDBi bank ?

In the fourth-quarter of fiscal 2017-18, IDBI Bank's net loss widened to Rs 5,662.76 crore as a higher provisioning for non-performing assets (NPAs) hurt its bottom line. Gross NPAs rose to 27.95 percent of its loans at the end of March 2018, compared with 21.25 percent at the end of March 2017 that means every out of four loan one loan is under NPA. In absolute terms, gross bad loans stood at Rs 55,588.26 crore as against Rs 44,752.59 crore on 31 March, 2017. Provisioning for NPAs were raised to Rs 10,773.30 crore in the fourth-quarter of the fiscal ended March 2018, up from the Rs 6,054.39 crore parked aside in the year-ago period.

Wow, nursing a deposit-taking institution by tapping life-insurance premiums of policyholders? That’s like allowing a localized infection to spread all over, hoping the natural immunity of an otherwise healthy body will help beat back the germs.

LIC fund is not a government own fund .it is fund for policy holder how government converted this fund to protect IDBi bank ?

Do not forget, alongside IDBI, 10 more Indian state-run banks (out of 21) are facing lending restrictions under the RBI’s so-called “prompt and corrective action” framework; more lenders will likely be forced to shrink. Can all of them hope to be bailed out by LIC? And if after a few decades of growth, demand for life insurance in India declines as it has in the U.S., an eager-to-please LIC might itself need state funds.

I do not know whether customers of LIC paying premium to protect their own lives or trying to protect the dying financial institutions in India.