📄 Abstract
<p>In 1956 when the former Finance Minister Shr. C D Deshmukh introduced the insurance bill, said " Nationalization of insurance industry has been a long felt need in order that the interests of the insuring public and industry could be safeguarded, the country's economy promoted and more funds are provided for economic development".</p> <p>If we take each and every aspect of this nationalization bill and subsequent creation of LIC, there is no doubt that the purpose was amply met. I salute C D Deshmukh and others for positioning this August institution and also other executives for taking this Institution in a very safe guarded path.</p> <p><strong>KEYWORDS: </strong>economy, savings, insurance, economic development, social sector</p>
📚 How to Cite:
Dr. Honnappa , Volume 5 , Issue 3, march 2017, EPRA International Journal of Economic and Business Review(JEBR) ,