Mirage of insurance reform

 On Insurance reforms, is there any difference in what UPA-I   did to NDA and NDA did to UPA-II and now that Congress is doing to BJP. Do we seriously believe that any political party is for reforms in this sector.The state owned LIC alone plans a corpus of 32 lac Cr by 2020, from current level of 14.8 lac Cr ,of which around 15 % is into equity . This fiscal alone it will invest 60,000 Cr in equities.The power of the government to control investments both for its purposes and for selected equity prop ups is too tempting to stand dilution and competition. The first post Independence scam related to LIC and there have been more.One has a feeling that Corporates too are rather cold to external agencies that would be more professional and exacting.Who better than the  common man to be left holding the bag like it happened in Unit 64. Much noise and activity will continue in Insurance reforms,but hardly concrete action 

Pub Business Standard Aug 7

http://www.business-standard.com/article/opinion/letters-insurance-sector-reforms-114080701457_1.html