{"id":1303996,"date":"2025-12-23T08:31:14","date_gmt":"2025-12-23T03:01:14","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1303996"},"modified":"2025-12-23T08:31:43","modified_gmt":"2025-12-23T03:01:43","slug":"lic-employees-protest-100-fdi-in-insurance-sector","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/lic-employees-protest-100-fdi-in-insurance-sector\/","title":{"rendered":"LIC Employees Protest 100% FDI In Insurance Sector"},"content":{"rendered":"\n<p>Employees of the Life Insurance Corporation (LIC) and members of various trade unions staged a protest in Chennai on December 18 against the Union government\u2019s decision to allow 100% Foreign Direct Investment (FDI) in the insurance sector. The protest was part of a nationwide agitation called by major trade unions from the banking and insurance sectors after Parliament passed the <em>Sabko Bima Sabko Raksha 2025<\/em> Bill on December 16. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/12\/Untitled-design-2-2-1280x720-2-1024x576-1-1280x720-1-1024x576-1.jpeg\" alt=\"\" class=\"wp-image-1304040\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/12\/Untitled-design-2-2-1280x720-2-1024x576-1-1280x720-1-1024x576-1.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/12\/Untitled-design-2-2-1280x720-2-1024x576-1-1280x720-1-1024x576-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/12\/Untitled-design-2-2-1280x720-2-1024x576-1-1280x720-1-1024x576-1-768x432.jpeg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Introduced by Union Finance Minister Nirmala Sitharaman, the bill <a href=\"https:\/\/www.thenewsminute.com\/tamil-nadu\/lic-employees-protest-union-governments-move-allowing-100-fdi-in-insurance-sector\">raises<\/a> the FDI cap from 74% to 100%, a move the government claims will enable capital infusion, technological advancement, and sectoral growth.<\/p>\n\n\n\n<p><strong>Chennai Protest Highlights Fears Over Full FDI and Erosion of Public Sector Insurance<\/strong><\/p>\n\n\n\n<p>In Chennai, protestors gathered outside the Bombay Mutuals Building at Parry\u2019s Corner, raising slogans against the legislation and warning that it could destabilise the insurance industry. Demonstrators highlighted the gradual liberalisation of the sector, noting that FDI was first allowed at 26% in 1999, raised to 49% in 2015, and further increased to 74% in 2021. However, they argued that permitting complete foreign ownership threatens the long-standing public sector\u2013led insurance framework in India.<\/p>\n\n\n\n<p>Former South Zone Insurance Employees Federation general secretary Swaminathan said India\u2019s 200-year-old insurance legacy would be undermined by the move, alleging that it primarily benefits large corporate players while weakening public sector undertakings. Sarvamangalam, a divisional general secretary in Chennai Division 2, warned that insurance agents would be adversely affected, as foreign companies could now operate independently without Indian partners or government support, raising concerns over accountability if such firms collapse.<\/p>\n\n\n\n<p><strong>LIC Officers Raise Democratic and Rural Impact Concerns, Warn of Wider Protests<\/strong><\/p>\n\n\n\n<p>Opposition to the bill has also emerged from within LIC\u2019s officer ranks. Padmanabhan, a Class 1 LIC officer, criticised the government for passing the bill without adequate parliamentary debate and cautioned that foreign insurers would prioritise urban markets while neglecting rural areas. Protestors warned that larger nationwide agitations would follow if the Union government does not withdraw or reconsider the decision.<\/p>\n\n\n\n<p><strong>Summary:<\/strong><\/p>\n\n\n\n<p>LIC employees and trade unions protested in Chennai against the Sabko Bima Sabko Raksha 2025 Bill allowing 100% FDI in insurance. Protesters warned of destabilisation, erosion of public sector insurance, harm to agents and rural coverage, and alleged inadequate parliamentary debate, threatening nationwide agitations if the decision is not withdrawn.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employees of the Life Insurance Corporation (LIC) and members of various trade unions staged a protest in Chennai on December 18 against the Union government\u2019s decision to allow 100% Foreign Direct Investment (FDI) in the insurance sector. The protest was part of a nationwide agitation called by major trade unions from the banking and insurance [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":1304040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[181],"class_list":["post-1303996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-lic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LIC Employees Protest 100% FDI In Insurance Sector - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/lic-employees-protest-100-fdi-in-insurance-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIC Employees Protest 100% FDI In Insurance Sector - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Employees of the Life Insurance Corporation (LIC) and members of various trade unions staged a protest in Chennai on December 18 against the Union government\u2019s decision to allow 100% Foreign Direct Investment (FDI) in the insurance sector. The protest was part of a nationwide agitation called by major trade unions from the banking and insurance [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/lic-employees-protest-100-fdi-in-insurance-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-23T03:01:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-23T03:01:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/12\/Untitled-design-2-2-1280x720-2-1024x576-1-1280x720-1-1024x576-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rohit Kulkarni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rohit Kulkarni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/lic-employees-protest-100-fdi-in-insurance-sector\/\",\"url\":\"https:\/\/trak.in\/stories\/lic-employees-protest-100-fdi-in-insurance-sector\/\",\"name\":\"LIC Employees Protest 100% FDI In Insurance Sector - Trak.in - Indian Business of Tech, Mobile &amp; 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