Ahead of privatisation, govt non-life insurers see employee attrition
Sat, Jun 5 2021 18:21 IST |
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Life insurance.. Image Source: IANS News
Chennai, June 5 : The government-owned non-life insurers are witnessing the exit of a sizeable number of their employees owing to retirement as well as voluntary retirement due to a combination of factors - personal as well as the possibility of privatisation, said a top leader of General Insurance Employees All India Association (GIEAIA).
The government is planning to sell off about 50 per cent stake in one of the three non-life insurers viz National Insurance, United India and Oriental Insurance Company Ltd. As per the information, at least one person in each region in the three companies is opting for voluntary retirement. While some are quitting for personal and family reasons, some others are also quitting as there is uncertainty since the government is planning to privatise one of the three companies, K. Govindan,
The government is planning to sell off about 50 per cent stake in one of the three non-life insurers viz National Insurance, United India and Oriental Insurance Company Ltd.
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