All India LIC Employees Federation's Kumar On Life Insurance Corp.'s IPO

The transcript discusses concerns over the listing of national assets, particularly focusing on the potential negative impacts on job security, policyholders, and the shift from service to profit motives. It highlights actions taken by opposition groups, including letters to the Prime Minister and strikes, to protest against the listing. The challenges in engaging with the government and the potential consequences of privatization, such as reduced infrastructure investment and job losses, are also addressed.

What is the primary concern regarding the listing of national assets?

• It will reduce shareholder returns.

• It will shift focus from service to profit-making.

• It will increase government control.

• It will enhance policyholder benefits.

What action did Rajesh and his group take on March 18, 2021?

• Held a one-day strike.

• Met with the Prime Minister.

• Organized a public rally.

• Launched a new insurance policy.

How did Rajesh and his group try to raise awareness about the listing?

• By starting an online campaign.

• By publishing a book.

• By organizing a marathon.

• By hosting a television show.

What is one potential consequence of privatization mentioned in the transcript?

• Greater investment in infrastructure.

• Enhanced employee benefits.

• Minimal recruitment and more outsourcing.

• Increased recruitment opportunities.

What was the original purpose of the organization discussed in the transcript?

• To maximize shareholder profits.

• To provide insurance to rural and economically backward areas.

• To compete with private insurance companies.

• To focus solely on urban development.