The Madurai branch of All India Insurance Employees' Association (AIIEA) donated medical equipment worth ₹ 2.50 lakh that are necessary for COVID-19 treatment, here on Sunday.The members handed ov
The Madurai branch of All India Insurance Employees' Association (AIIEA) has donated medical equipment needed for COVID-19 treatment at Government Rajaji Hospital and Government Hospital for Thora
Work paralysed in LIC offices due to employees strike dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
LIC employees strike today
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Nationwide protest against Centre’s proposal to divest stake in the insurance major
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Nationwide protest against Centre’s proposal to divest stake in the insurance major
Employees of the Life Insurance Corporation of India (LIC) will go on a nationwide strike on March 18 opposing the Centre’s proposals to divest stake, through an initial public offering, in the insurance major, privatise one general insurer and enhance FDI limit, in the insurance industry, from 49% to 74%.
The All India Insurance Employees’ Association (AIIEA) said it has called for the strike with other trade unions in the industry against the three proposals since they were not in the interest of the insurance industry, the country’s economy and people.
Increasing FDI in insurance sector flayed
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Representatives of various insurance employees unions spoke against announcements in the Union budget.
The All India Insurance Employees’ Association organised a conference here on Friday. N. Suresh Kumar, district vice-president of Insurance Corporation Employees’ Union, R. Deivaraj of the Centre for Indian Trade Unions, and representatives of various insurance employees unions spoke.
They objected to the announcement of increasing FDI in the insurance sector from 49% to 74%. They condemned the announcement to privatise one general insurance company. They criticised the announcement of Initial Public Offering of Life Insurance Corporation of India in this financial year.