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According to the Ministry of Finance, over 13 lakh agents and over 1 lakh regular employees will benefit from these welfare measures as LIC looks to deepen the penetration of insurance in the country.
BK Khandelwal, president of the All India Life Insurance Agents Federation’s local branch, said they were demanding a solution to their long-pending demands.
The State Government has asked the authorities concerned to identify government school teachers working in other vocations
Assam CM Himanta Biswa Sarma also alleged that a section of teachers is serving as LIC agents in the name of teaching which is eventually reflected in the results of the schools.