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Why LIC Hiding Rented Property Information?

Mumbai:  Life Insurance Corporation  Of India is hiding rental and leased property details from the public . In an RTI reply they denied it as commercial confidence. There are many properties of LIC at Mumbai and Pune. They are rented to many private players but the information about rents are no available in public domain. By hiding the information LIC west zone is creating bubble of corruption.

It is suspected that LIC has rented with nominal rates and making loss to nation. As per railway policy the rent is 6% of land cost and if structures are of railway then rent is 10% of land value.


Final Status of   LICWZ/R/2017/50064


Applicant NameSapan Shrivastava
Date of receipt28/08/2017
Request Filed WithLIC WZ: Goa, Gujarat, Maharashtra
Text of ApplicationThere are many immovable properties of LIC Of India.
RTI Question
1Copy of rental and lease policy of LIC 
2 Information about LIC owned premises at Mumbai & Pune with address and area.
3.Name of rent or lease holder with amount, address of LIC premises at Mumbai and Pune 
4. Pending amount of rent/lease from defaulter parties at Mumbai and Pune (Name , address,amount,date of last payment).
Kindly email the soft copy.
Request document (if any)
StatusREQUEST DISPOSED OF as on 13/09/2017
Date of Action13/09/2017
RemarksReply :- Information refused as per sections 8(1) (d) and 8(1) ( e) of the RTI Act, as per the attached forwarding letter sent to the policyholder.
Reply Document



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