LIC and AIIEA Unions for a Virtual Information Sharing Session held on 30th September 2020
ALL INDIA INSURANCE EMPLOYEES’ ASSOCIATION
LIC BUILDING SECRETARIAT ROAD HYDERABAD 500 063
(E-mail: aiieahyd@gmail.com)
Cir.No.35 / 2020
30th September, 2020.
To
All the Zonal/Divisional/State/Regional Units
Dear Comrades,
INFORMATION SHARING SESSION
The LIC Management called the Unions for a virtual Information Sharing Session today i.e., 30th September 2020. The LIC was represented by Sri M. R. Kumar, Chairman; Sri Mukesh Gupta, MD; Smt. Pratibha Kher, ED (Personnel); Sri R.K. Dubey, Chief (Personnel) and other officials of Personnel Department. Com. Amanulla Khan, former President; Com. V. Ramesh, President and Com. Shreekant Mishra, General Secretary represented the AIIEA.
The ED (Personnel) made a power point presentation on the business performance of LIC. The Managing Director, Sri Mukesh Gupta, congratulated the employees for their magnificent co-operation for the all-round growth of the institution and called upon the employees to meet the challenges unitedly. He informed that the Corporation was trying its best to meet the growing aspirations of the employees. In this respect, he informed that the long pending issue of reduction of interest on HFL loans was going to be resolved very soon.
The Chairman LIC, Sri M.R. Kumar complimented the employees for their support and co-operation. He pointed out that LIC had done extremely well even in the most trying situations. He was happy that LIC had regained some of the lost market share and was leading the Indian insurance market with over 71 per cent market share. The Chairman said that the Covid 19 pandemic had thrown up new challenges and businesses had to attune themselves to new technologies. He elicited co-operation of the employees on the issues of improvement of Claims performance, widening the customer base, ‘Single Window” servicing modules etc. and ‘Shift System’ of operations.
The Chairman concluded by making a Wage Offer of 15%.
READ ALSO: LIC Wage Revision 2020 Latest News
Responding on behalf of AIIEA, the General Secretary said that the AIIEA shares the concerns expressed by the Chairman and Managing Director on the issues related to the industry. The General Secretary said that LIC had shown remarkable growth even in difficult times. The growth of LIC was more than that of the Indian economy. LIC was showing positive growth even when the entire Indian economy was going through severe contraction. He said that the wage offer of 15% was not in keeping with the growth and prosperity of the institution or the aspirations of the employees. Referring to the presentations made by the management, he said that the wages and management expenses are less than the budget. It certainly was a healthy sign. Moreover, total management expenses in relation to the total premium income is the best in the industry. In this background, he called upon the management to come out with improved offers and settle the wage question at the earliest so that the workforce can give their undivided attention to meeting the challenges before the industry. The General Secretary demanded that:
1. There should be a separate discussion on the challenges facing LIC.
2. LIC should immediately follow up with the government to settle the issues recommended by LIC Board, especially improvements in family pension.
3. Up-dation of Pension has become an urgent necessity and needs to be taken up.
4. Five Day Week needs to be cleared without any delay.
5. Reduction of HFL Rate of Interest to be considered immediately.
6. Our demands related to Treatment of Absence during Covid lockdown and other protocol related issues should be conceded without any further delay.
7. Management should take immediate steps to declare PLLI commensurate with the performance of LIC in difficult situation.
In his concluding remarks, the Chairman requested the unions to place their points of view in the individual discussions with the personnel department. Responding to AIIEA’s demands for expeditious decisions on PLLI, he said that the issue was at an advanced stage of consideration and the announcements are expected shortly.
AIIEA shall pursue the issues in the individual session.
With Greetings,
Comradely Yours,
Shreekanth Mishra
General Secretary.
Source: http://cziea.org/
READ ALSO:
- Ministry of Finance approves Welfare Measures Increase in Gratuity Limit and a Uniform Rate of 30% Family Pension for LIC Employees September 19, 2023Read more…
- GOI Portal Launched for Central Govt Employees to Booking Air Tickets July 7, 2022Read more…
- LIC Office Revised Working Hours for the Employees Effective from 10-05-2021 May 7, 2021Read more…
- LIC Wage Revision 2021 Latest News April 16, 2021Read more…
- LIC IPO Disinvestment Policy March 3, 2021Read more…
- Group Mediclaim Policy for LIC Retirees February 10, 2021Read more…
- LIC Employees – Delay in Settlement of the Wage Revision Issue February 6, 2021Read more…
- AIIEA Wage Revision News 2021 February 5, 2021Read more…
- LIC Wage Revision | LIC Employees Wage Revision Latest News January 26, 2021Read more…
- LIC of India (Staff) Regulations Amendment Rules 1960 – Notification October 31, 2020Read more…
- LIC Pensioners Existence Certificate July 31, 2020Read more…
- Resumption of LIC Wage Negotiations July 23, 2020Read more…
- LIC (Employees) Pension Rules, 1995 Identification and Attestation of Life Certificate July 17, 2020Read more…
- AIIPA Write Letter to Chairman, LIC of India for Improvement in pensionary benefits July 16, 2020Read more…
- AIIEA Opposes DA Freeze For Central Government Employees and Pensioners April 28, 2020Read more…
- LIC Pensioners Issues – Stoppage of recovery of GIS premium for VRS pensioners – Non-credit of pension on 1st of the Month March 6, 2020Read more…
- Pension Scheme 1995 for LIC Part-time Employees March 1, 2020Read more…
- LIC Employees-Wage Revision and Improvements in Pension Scheme February 29, 2020Read more…
- LIC Delay in Wage Negotiations February 18, 2020Read more…
- LIC Assistant Recruitment-Problems Related to Biometric Authentication February 17, 2020Read more…
- LIC Employees Strike on 4th February 2020 February 2, 2020Read more…
- LIC Employees Wage Revision And Absorption of Temporary Employees Latest News November 4, 2019Read more…
- Pension Instructions – LIC Part-time Employees and Ex-servicemen Option to Join the Scheme October 20, 2019Read more…
- Letter to Chairman-LIC-PSGI-Implementation of final option for pension October 17, 2019Read more…
- AIIEA 25th General Conference – Letter from an Agent – Allegations October 15, 2019Read more…
- 8th January, 2020-One Day Nation-Wide Strike October 5, 2019Read more…
- National Convention of Workers organized by the Central Trade Unions call For Nationwide General Strike on 8 January 2020 October 3, 2019Read more…
- LIC Employees-Providing family pension at a 30% uniform rate for all eligible persons October 1, 2019Read more…
- AIIPA Write Letter to Chairman LIC for Cash Medical Allowance to LIC Pensioners September 18, 2019Read more…
- Revised LTC Rules For LIC Employees September 7, 2019Read more…
- LIC Revises Rule to Increase Maternity Leave From 12 to 15 Months July 6, 2019Read more…
- Life Insurance Corporation of India (Employees) Pension (Amendment) Rules, 2019 May 20, 2019Read more…
- LIC Employees Pension – Salient Features of Pension Amended Rules 2019 May 20, 2019Read more…
- Cost sharing by employees to exercise the final pension option May 20, 2019Read more…
- LIC STAFF MEDICLAIM RELATED ISSUES NATIONAL ORGANISATION OF INSURANCE PENSIONERS April 12, 2019Read more…
- AIIEA – Joint Meeting on Wage Revision on April 2019 April 9, 2019Read more…
- LIC Employee Amenities March 20, 2019Read more…
- AIIPA WELCOMES THE NEW LIC CHAIRMAN March 16, 2019Read more…
- LIC MAKES A WAGE INCREASE OFFER OF 10% March 14, 2019Read more…
- Plight of LIC’s Pensioners March 13, 2019Read more…
- Life Insurance Corporation (LIC) Chairman 2019 March 13, 2019Read more…
- LIC Pensioner – New Pension Illustration March 8, 2019Read more…
- LIC Employees Pension Revision Latest News 2019 March 8, 2019Read more…
- LIC PENSIONERS – SUCCESS AT OUR DOORSTEPS – HAIL AIIEA AND AIIPA March 6, 2019Read more…
- Final Pension Option secured- For LIC Pensioners- AIIEA March 4, 2019Read more…
- LIC Pensioners DA 2019 February 24, 2019Read more…
- LIC Employees 1 Hour Strike on 01-03-2019 on Wage Revision and Pension Option February 24, 2019Read more…
- LIC Pensioners Demand Letter in 2019 February 24, 2019Read more…
- LIC Wage Revision Latest News 2019 February 14, 2019Read more…
- AIIEA DELEGATION MEETS MANAGING DIRECTOR, LIC ON 09th FEB 2019 February 14, 2019Read more…
- LIC office holiday list 2019 January 12, 2019Read more…
- FAQ on LTC For Fresh Central Govt Employees December 20, 2018Read more…
- LIC staff to get off on 2nd and 4th Saturdays Just Like Bank April 28, 2018Read more…
- Instructions for implementation of the Life Insurance Corporation of India Class-III & Class-IV Employees (Revision Terms and Conditions of service) Amendment Rules, 2016 January 20, 2016Read more…
- Instructions for implementation of the Life Insurance Corporation of India Development Officers (Class II) (Revision of Terms and Conditions of service) Amendment Rules, 2016 January 20, 2016Read more…
- Instructions for implementation of the Life Insurance Corporation of India Class-I Officers (Revision of Terms and Conditions of service) Amendment Rules, 2016 January 20, 2016Read more…
- LIC wage revision : Gazette Notification issued on 14-01-2016 January 17, 2016Read more…
- LIC Wage Revision Notification may release on Today (11-01-2016) January 11, 2016Read more…
- 15 per cent wage hike for LIC Employees which will be effective from August, 2012 November 26, 2015Read more…
- Life Insurance Corporation of India (LIC) Wage Revision – Joint Session Reporting October 19, 2015Read more…