Summary |
The study not only gives a historical perspective of the functioning of the LIC but the accusing finger of the author is to its present weaknesses also. For instance, according to hi, the LIC appears to lose interest in the policyholders soon after their signing the insurance papers. The LIC also caves in to the onslaught of demands of agents, development officers and others, Slackness in collection of revenue and the deterioration in maintaining the standard of business operations and investment funds have collectively resulted in loss of effective control of expenses.
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