In the gleeful din created by the corporate reformer nexus, one only hears of the rosy picture of future foreign investments, infrastructure, better service etc. etc. But no words about what happens to the rural non-traditional insurance business which increased from Rs. 25 lakh to Rs. 150 crore after nationalisation of insurance business. Insurance of livestock – 60% of livestock cover relates to Integrated Rural Development programme with bank credit linkage where insurance is mandatory. What happens to the vast social and economically backward class, which were attempted to be covered at a reasonable cost by the nationalised insurance sector? And lastly and most importantly whether the objective of nationalisation of insurance sector to MEET SOCIAL OBLIGATION through most capital intensive sector has become irrelevant today. Answer is a firm "NO".

The third generation sufferers of the de-nationalisation policy, would not pardon the "Reformers of the day" who have crawled before the pressure of global finance capital, when asked to bend.