lIC employees stage protest over Centre's new policy

In protest against the passage of Insurance Amendment Act in Parliament by the Central Government, the employees of the life Insurance Corporation (lIC) of India observed a day-long strike here on Monday.  The employees of lIC gathered outside the Divisional office located and raised a vociferous protest against the Insurance Amendment Act 2008 and the policies of the Central Government. 

Speaking on the occasion Divisional president of employee union Nl Sharma said that the anti-people policies of the Government would not be tolerated.  

He claimed that the NDA Government led by Narendra Modi is felicitating private insurance companies in the garb of insurance Amendment Act. 

The speakers on the occasion lamented that the Government instead of rewarding public sector companies like lIC and other general insurance companies for their commendable achievements, is protecting the interests of multinational companies. They said that by passage of bill the Government has proved that it was not interested in the financial independence of the country.