The following booklet titled “An Open Letter to the L.I.C.” was published on December 5, 1962,  and was authored by Peregrine. It is a reproachful letter by the author to the Chairman of L.I.C. on the recent operations and reports published by the company. The message critically examines the figures illustrated by the corporation in its descriptions and unveils the misleading numbers. Further, the author writes that the yearly targets set by L.I.C are way too high, and the unhealthy manner in which L.I.C offices rush to fulfill such goals results in unsound business and a high lapse ratio. Several analyzed facts support the author’s arguments, and he seeks to understand the actual condition and operations of L.I.C. as an Indian citizen and policyholder.