The wide-spread opposition against the Insurance (Amendment) Bill presented in the Parliament is increasing day by day. The All India Insurance Employees Association (AIIEA) has declared that they will go on strike if the amendment is adopted. Left and other opposition parties are also opposing.

Now it is the LIC Agents who have come to the forefront opposing the bill. The Life Insurance Agents Association of India with a membership of 11.78 lakhs, has expressed its strong opposition to the bill and organised demonstrations in many parts of the country. They are afraid that the bill is completely against the interests of the agents.