Speakers at a seminar here on Saturday urged the Centre to merge the four public sector general insurance companies into a “monolith entity” to serve people better.
The seminar was organised by the Chennai Regional General Insurance Employees Association as part of the All India Insurance Employees Association’s campaign to garner public support for the merger.
Venkatesh Athreya, Director (in-charge), Bharathidasan University, Tiruchi, who was the chief guest, wanted the association to broad-base its campaign against the Centre’s move to privatise the insurance sector.
Calling for a three-pronged strategy (targeting Parliamentarians, non-governmental organisations and the people), Mr. Athreya wanted the campaign to highlight the failures of the financial revolution, especially in the banking sector.
“I strongly feel that it is going to be a very big battle with the Central Government and its policies,” he said.
Amanullah Khan, joint secretary of the association, appealed to the Union Finance Ministry to give the companies a fair chance to prove their mettle. “We want to be in business and we are confident that if we are amalgamated we can fight the competition better.” Source: Hindu
