7 months ago
LIC Staff Observe Nationalisation Day
Employees of the Life Insurance Corporation of India (LIC) celebrated Life Insurance Nationalisation Day on Monday.
They gathered at the LIC Benz Circle office and other places to take a pledge and listen to a speech.
Dr. Kaladhar, a leader from the Insurance Corporation Employees’ Union, spoke about how LIC has grown and become very important.
He said LIC manages a lot of money, even more than some countries.
But he also warned that there are pressures that might change LIC and even lead to privatisation.
He asked employees to stay strong and support LIC.
Many leaders and workers joined the event.
LIC employees observed Life Insurance Nationalisation Day on Monday as per AIIEA's call.
Dr. Kaladhar addressed employees, highlighting LIC's success and market leadership.
LIC manages assets exceeding Rs 57 lakh crore, surpassing many national economies.
Concerns were raised about pressures from international finance, government, and regulators.
Recent insurance law amendments could dilute nationalisation and lead to privatisation.
- Who
- Employees of the Life Insurance Corporation of India (LIC) across the country
- What
- Observed Life Insurance Nationalisation Day and participated in a gate meeting
- Where
- LIC Benz Circle office and other locations across the country
- When
- Monday
- Why
- In response to a call by the All India Insurance Employees’ Association (AIIEA) to observe the day and discuss the future of LIC
Key facts
- Event
- Life Insurance Nationalisation Day
- Organizer
- All India Insurance Employees’ Association (AIIEA)
- Date
- Monday
- Speaker
- Dr Ch Kaladhar, Divisional Joint Secretary of the Insurance Corporation Employees’ Union
- LIC Assets
- Exceeding Rs 57 lakh crore
- LIC Status
- Market leader in insurance sector
- Concerns
- Pressure from international finance capital, government, and regulator
- Potential Impact
- Dilution of nationalisation spirit and possible privatisation
Quotes
Dr Ch Kaladhar
Divisional Joint Secretary of the Insurance Corporation Employees’ Union
“LIC has consistently fulfilled the objectives of nationalisation.”
thehansindia.com
“LIC has become a trusted household name and continues to be the market leader even after 25 years of insurance sector liberalisation.”
thehansindia.com
Sources
Related news
Minister assures joint meeting on hamali wage hike
Rajasthan High Court Orders ESIC Certificate for NEET Student
ESIC Launches Technology Crackdown On ₹2,473 Crore Unpaid Contributions
Pilibhit Medical College Staff Strike Over Three Months’ Pay
ESIC Expands India’s Medical Education and Healthcare Workforce
