Question : MANPOWER IN INSURANCE COMPANIES .



(a) whether Insurance Companies including Life Insurance Corporation of India (LIC) have downsized their staff during the current financial year;

(b) if so, the details thereof and the reasons therefor;

(c) whether the reduction may have an adverse effect on the growth of the insurance sector;

(d) if so, the details thereof;

(e) whether the employees` unions of the said companies have opposed the reduction in staff strength; and

(f) if so, the details thereof and the steps taken/being taken by the Government in this regard?

Answer given by the minister


MINISTER OF THE STATE IN MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)

(a)No, Sir.

(b)to (f) Do not arise