LIC agents stage protest
Source: Chronicle News Service
Imphal, September 02 2022:
Life insurance agents under the aegis of Life Insurance Federation of India staged a protest in front of Life Insurance Corporation (LIC) of India office here on Thursday.
Life Insurance Agents' Association, Career Agent Branch (LIAA, CAB), Imphal also staged a protest in front of the LIAA, CAB office at Sangaiprou.
The main demands of the agents include lowering the interest rates on the benefits to be provided to policy holders or in taking policy loans to increase bonus; for the office to give acknowledgment to documents provided by policy holders for improving internal and external customer services; allowing the revival of policies which have lapsed or are over 5 years old; non-transference of money not claimed by policy holders onto the social security scheme; informing the benefits to be provided to citizens in detail; introducing rating system to policy holders and informing them of the same; putting a stop to repeated demands for KYC when a customer wants to withdraw money; restoring the documentation processes to the earlier system and for the government to exclude insurance policy from GST.