The officers, development officers and staff of the LIC of India observed LIC nationalisation day today and held demonstrations outside different offices of the organisation during lunch time in support of the nationalisation and to oppose attempts to privatise the corporation. Hemant Mishra general secretary of Hazaribagh divisional LIC workers Union while addressing media persons said that on this day the parliament in 1956 had approved government takeover of the ongoing insurance business by private players.
Since then the corporation has built a huge trust on people with 40 crores policy holders in the country having faith and trust in it. The Rs 5 crore company now has grown up to Rs 38,04 ,610 crore and its assets are growing as it has helped policy holders at times of need . It is one of the largest companies that has 18 per cent worth of the national GDP, said Mishra. The present government is all set to come.with an IPO in order to sell its stake , said Mishra We all including officers , development officers and staff are.opposed to any such move and demand from government to withdraw its move in larger interest of the investors, said Hemant.
We held demonstrations to propose a move of the government to privatise the LIC though we are a profit making organisation, he added. The stir would continue across the country, said Mishra.