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Money & Banking - Outsourcing


Anti-outsourcing day observed

Our Bureau

Kochi, May 17

More than 15 lakh employees in the banking and insurance sectors observed `Anti-outsourcing day' on Tuesday all over the country as directed by the All-India Co-ordination Committee of Unions in the Financial Sector. Mr P.P. Mohanan, General Secretary (Kerala Unit) of General Insurance Officers All India Association, said that there were complaints from the Mediclaim policyholders regarding the service of the intermediaries known as third party administrators (TPAs). Finally, he added, the four State-owned general insurers launched parallel health insurance policies without the service of TPAs.

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