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.
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