Should This Insurance Company Reinvest in Cigarettes?

10.05.2016 • Emerging Markets

From the Vivek Kaul’s Diary (IND) – What is a socially responsible insurance company doing by staying invested in a cigarette maker? In fact, in the recent past, this cigarette maker opposed the decision of the government for a larger pictorial warning on the cigarette packets. Can these insurance agents who believe that LIC is into socially responsible investing tell the world at large what is India’s largest insurance and investment company, hoping to achieve by staying invested in a company which sells the stick of death.

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