An article by Comrade Shreekant Mishra, General Secretary, All India Insurance Employees Association
The recently announced National Asset Monetisation plan has put the Public Sector insurance industry under severe attack. The government is in a tearing hurry to bring IPO of LIC. The All India Insurance Employees Association has been opposing the IPO of LIC as it amounts to the first step towards privatisation. The uncompromising struggle of insurance employees under the banner of AIIEA could successfully stall the government policy to privatise LIC and PSGI companies for 26 long years as recommended by Malhotra Committee in 1994. Consolidating and expanding the unity of insurance sector employees to stop privatisation of Public Sector insurance industry is the need of the hour !