Buy Life Insurance Policy Best General Insurance Company 2020 Medi-classic Insurance Policy (Individual). A favourite insurance plan with family package Insurance Renewal In its bid to cut expenses, the Insurance Council has started appointing retired staffers at ombudsman centres to replace its existing workforce comprising officials on deputation.The council, that facilitates functioning of 17 insurance ombudsman centres and employs 120 people, has already appointed 23 retired officials from state-owned non-life insurance companies.Now, it will begin appointing staff from life insurance sector as well as it seeks to almost halve its establishment costs over the next two-three years.A decision to this effect was taken by the council during a recent meeting held here."Our establishment cost currently stands at around Rs 27 crore per annum. In case our plan to appoint retired insurance officials at the ombudsman centres is implemented successfully, then this cost is all set to come...
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