CLEAN : Insurance giant LIC, one of India's 'family jewels'

The video discusses India's role as a key economic and social asset, emphasizing its strategic development rather than mere possession. It highlights the cultural significance of insurance in India, likening it to a quasi-bank. The growth of the insurance sector is noted, with challenges faced by private insurers in reaching grassroots levels. The government aims to use this as a model for managing large entities while addressing shareholder concerns.

What is the government's intention regarding the large entity mentioned in the text?

In what ways does the speaker suggest that managing a large entity can be beneficial?