The following booklet titled “Private Enterprise Should be Allowed in Life Insurance Industry” was published on May 8, 1962, and was authored by Prof. R.L. Varshney. The author, in this booklet, highlights the repercussions of nationalisation of Life Insurance. It elucidates the unsatisfactory working and incompetence of the company in the context of nationalisation. The practice of rebating, delay in attending inquiries regarding settlement claims, untrained agents, withdrawal of joint life policies, abolition of with-profits policies are some of the issues addressed by the author concerning LIC’s functioning post-nationalisation. He contends that the best way to improve the efficiency of Life insurance would be to allow the entry of other companies into the industry. Competition among businesses would act as a spur towards greater efficiency. Another alternative for better organization proposed by the author is to divide the LIC Group into several branches and create healthy competition.