Insurance News: Insurance employees protest

Insurance employees staged a demonstration in front of the LIC divisional  office here on Friday to protest against the decision of the Union cabinet  to approve Insurance Laws’ Amendment Bill and PFRDA Bill. The major  amendments to the insurance laws are: to increase the FDI limit in the  insurance sector from present 26% to 49%; and to disinvest the public  sector general insurance companies. Massive demonstrations were held in  front of the insurance company offices at different places by all classes of employees and agents. Their protest against these measures is premised on the fact that these would do more harm than any good both to the people of India and Indian economy. Read more