Insurance staff laud LIC's role

JAIPUR OCT. 5. The 26th biennial general conference of the North Zone Insurance Employees' Association (NZIEA) being held at Jodhpur has asked the country's opinion-makers to consider the Life Insurance Corporation as a an example of what an efficient public sector organisation can do.

"It has enhanced the image of India in the comity of nations which still have a semblance of PSUs,'' says a report from the working committee, presented by the general secretary, B.S. Sharma, said.

The report was discussed in the presence of leaders of the insurance sector like N.M. Sundaram, general secretary, All-India Insurance Employees Association, B. Sanyal, general secretary, Central Zone Insurance Employees Association, K. Venugopal, general secretary, South Central Zone Insurance Employees Association and local TU leaders.

The report said that the LIC had touched the 99.26 per cent mark in claims settlement, having built a life fund of Rs. 2,33,289.03 crores.

Despite the commendable achievements, the NDA Government was leaving no stone unturned to see that the corporation was destroyed, the leaders charged.

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