Strike affects work in insurance firms

Staff Reporter

Tabling of Bill to increase foreign direct investment flayed

MADURAI: Business activities came to a halt in all Life Insurance Corporation of India offices in six districts of the Madurai division on Tuesday, as around 1,400 officers and staff members were on strike.

The general secretary of Insurance Corporation Employees’ Union, G. Meenatchi Sundaram, said that the strike was total in protest against tabling of a Bill to increase foreign direct investment in the insurance sector from the present 26 per cent to 49 per cent.

Officials and employees staged a demonstration in front of the LIC’s Divisional Office here.

The general secretary of South Zone Insurance Employees’ Federation, K. Swaminathan, the LIC Class I Officers’ Association president, T. Tulsasimani, and the president of National Federation of Field Workers of India, Maria Williams, participated in the protest.

Over 1,100 employees of general insurance companies of 110 branches in 16 districts of Madurai region took part in the one-day strike, according to the president of Madurai Region General Insurance Employees’ Association, S. Balasubramanian.

The association members, along with members of General Insurance Employees All India Association, took part in a demonstration here.

Similar agitations were held at three places — Dindigul, Palani and Batlagundu — in Dindigul district.

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