Union Finance Minister Arun Jaitley highlighted the need for strengthening social security apparatus in the country to make India a pensioned and an insured society.
Speaking at the Diamond Jubilee celebration event of the Life Insurance Corporation (LIC) of India in Mumbai today, Jaitley said the parameters of social security have to be significantly improved. “When we evolve from being a developing society to a developed society, the main challenge before India is how well it can look after its citizens in the event of a personal crisis” he said.
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