FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS
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President : N.P. Bali 705, Sur, Veena Saaz, Thakur Complex, Kandivali (East), Mumbai - 400 101 Mob : 9820324213 Email Id - npbali@hotmail.com |
General Secretary : D Krishnan No.6/1, Sreshta Riverside Apartments, Wood Creek Road, Nandambakkam, Chennai - 600089 Tel : 9176635967 / 044 42850049. Email Id - dkrishnan1@gmail.com |
E circular No.DK/42 01-10-2020
Friends,
Reg:... Information-sharing session with Employee representatives ..
Yesterday, the 30th Sept, there was an information sharing session with the representatives of all the Employee Associations including the Class I. The Management of LIC made a presentation on the Business achievements of the LIC , even under difficult lockdown conditions, and thanked the Employees for their contribution and cooperation. I am reproducing here two separate messages received in this behalf-- one from the Class I Federation and the other from the Employee Association. These would tell you the totality of the substance of this Information-sharing session:
The LIC Management called the Unions for a virtual Information Sharing Session today i.e 30th Septemebr 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.
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 cooperation. 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%.
The Speech of the Chairman is enclosed as attachment 1.
§ Response of General Secretary. Class I Federation
§ 15% offer not acceptable to Federation.
§ Should be in accordance with LIC paying capacity - no linkage to banking sector.
§ Wage revision not acceptable unless a solution for stagnation is found out.
§ Improvement in family pension to be notified without any delay.
§ Updation of pension to be taken as main agenda.
§ Kovid protocol to be implemented. Mediclaim to be modified to meet total cost.
§ Five day week to be implemented.
§ Other non core benefits to be considered immediately.
§ GI for VRS optees to continue
§ Phc and lump sum medical benefit for retired officers also.
The
circular issued by the In-service class I Federation is enclosed as
attachment 2.
The General Secretary AIIEA 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. Updation 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.
AIIEA will pursue these and other Class III & IV issues in the individual discussion.
The other organisations such as NOIW and NFIFWI of Class II had also responded more or less on similar lines.
Incidentally, our Circular DK – 41 where the organizational matters were discussed, has brought in response from some senior members saying, the proposed EC meeting in Dec. 2020, could be deferred till such time things normalize, and a meeting over the virtual platform could be avoided, as it may not be quite effective in deliberating over important issues. While the virtual platform is the one that currently carries all business transactions in the country, our senior members who have responded to the Circular, believe that it may not be suitable for us. A final call on this would be taken soon in consideration of the views expressed by the important, senior members of the EC.
Meanwhile I have sent a letter to the Chairman LIC on the very important matter of non-responsiveness of the CO on references made by us on areas critical for the retired community. The copy of the letter is attached here for general information of our members, as attachment 3.
With greetings for safe and healthy stay
D.KRISHNAN
General Secretary
Encl: Three attachments
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