A JOURNEY TOWARDS TRUTH, PEACE .

I have pleasure in conveying through the columns of your blog my hearty Greetings to all LIC pensioners and their families for a very happy,healthy and prosperous New Year -GN Sridharan .

HAPPY NEW YEAR 2018

THIS IS READY RECKONER FOR CATEGORY 1 MEDICLAIM PREMIUM RATES WITH SUBSIDISED RATES TO BE DEDUCTED FROM PENSION. ( AFTER COMPULSORY FLOATING COVER ENHANCED , OF COURSE) FOR YEAR 2018-19 PLEASE CLICK HERE.

OUR SPECIAL GREETINGS ON THE AUSPICIOUS DAY OF  VAIKUNTA EKADASI  TO ALL PENSIONERS AND PRESENT EMPLOYEES   OF LIC WISH YOU ALL THE GRACE OF THE LORD VAIKUNTA VASA.

Friends, This is just to keep you posted about a Meeting that we had here in Chennai on the 23rd of Dec. 2017. Sri R.Rajagopalan's (Legal Co Member, Bengaluru) visit to Chennai was the immediate impetus for the Meeting. Those who attended the Meeting included Sri R. Rajagopalan, Sri Arunachalam, Sri P A Sivakumaran and Sri V R Krishnan and of course Sri D Krishnan, the undersigned. Sri G N Sridharan could not attend due to travel plans on the day. 1. First matter discussed related to the Hearing in the SC scheduled for 10th of Jan 2018 at Delhi. The general feeling was that not much was expected to happen on that day as LIC/Govt of India are yet to file their Counter to our Petition, and on the 10 th , they may seek some more time for filing their response. We talked to Sri V K Jain at Delhi on this matter and advised him that he should take the initiative in co-ordinating with our counsel Shri Garg to ensure that we are appropriately represented for the Hearing due on

Dear Friends, Our CO has by its circular dt 27-12-2017, has increased the compulsory sum insured. The existing compulsory limits of 3 L, 4 L and 6 L are revised upwards to 5 L, 6 L and 10 L respectively. However, the upper limit of floater cover including the optional cover remains unchanged.   The ratio of premium apportionment for basic cover (only) between employee/retiree and the corporation remains unchanged at 1:3. Two aspects require attention at CO, viz., 1) in view of the change in basic limits,  the sum of optional cover is bound to be lower, and consequently there must be downward revision in premium 2) it is logical that when limits are reset (revised), it is the rudimentary practice that option is also given to insured members to exercise the (increased) cover particularly in view of the possible changes in premium. In insurance fundamentals, greater is the percentage of opted members and coverage, lesser is the anti-selection, a feature tha

Friends, This is just to keep you posted about a Meeting that we had here in Chennai  on the 23rd of Dec. 2017. Sri R.Rajagopalan's (Legal Co Member, Bengaluru) visit to Chennai was the immediate impetus for the Meeting. Those who attended the Meeting included Sri R. Rajagopalan, Sri Arunachalam, Sri P A Sivakumaran and Sri V R Krishnan and of course Sri D Krishnan, the undersigned. Sri G N Sridharan could not attend due to travel plans on the day. 1. First matter discussed related to the Hearing in the SC scheduled for 10th of Jan 2018 at Delhi. The general feeling was that not much was expected to happen on that day as LIC/Govt of India are yet to file their Counter to our Petition, and on the 10 th , they may seek some more time for filing their response. We talked to Sri V K Jain at Delhi on this matter and advised him that he should take the initiative in co-ordinating with our counsel Shri Garg to ensure that we are appropriately represented for the Hearing d