JAWAHARLAL NEHRU COMMENT ON LIFE INSURANCE DT.24.08.1956

The Following is PT. JAWAHARLAL NEHRU Speeach on 24.8.1956 During the Event of Nationalisation of Indian Insurance Industry..
"Life Insurance becomes one of the major state undertakings in india. It is an important step in our march towards socialist society. Its Objective will be to serve the individual as well as the state. The profit motive goes out of it and the service motive becomes much more dominant. I trust that this Corporation will serve an ever increasing number of our people and will do this work in the true sprit of service. We require life insurance to spread rapidly all over the country and to bring a measure of security to our people. The large number of those who will serve this corporation should keep in mind this objective and seek to realise it in their work"