Joint front - letter to Chairman

Camp: Mumbai
Date: 20th March 2010

The Chairman,
L.I.C. of India,
Central Office,
Mumbai.
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Dear Sir,

Wage Revision
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This has reference to the meetings held by you with the representatives of our Unions / Associations on March 19 and 20, 2010 on the issue of wage revision. In these meetings, you explained about the efforts being made by LIC for a satisfactory wage settlement.

The Managing Director too held discussions with us and he also explained the efforts made in the direction towards a satisfactory wage-settlement. He also made an appeal to the Unions / Associations to reconsider the online agitation. Subsequently, the Managing Director has also written a letter of date requesting reconsideration of our struggle in view of the efforts being made by LIC for a “satisfactory wage settlement”.

We expressed our deep resentment over the delay in settling the genuine demand of a “satisfactory wage settlement” and attempts to link the wage revision to the external developments. We made it clear that wage revision in LIC has to be on the basis of the strength of LIC and its total premium income. We said that the unions were compelled to take to the path of agitation in the absence of any visible efforts to settle the wage demand early on the basis of the premium income of LIC.

Today the joint meeting of the unions took place at Mumbai to review the developments. The unanimous perception of the unions is that not enough was done by LIC towards early settlements of Wage demand. The present round of discussion was also called under the pressure of the agitation but without any improved offer.

The meeting was of the firm opinion that if the LIC has emerged as a super performer in the era of competition, it is singularly because of the devotion, hard work and commitment of all sections of the employees and officers. The employees and officers after exhausting all peaceful avenues to secure justice were forced to resort to agitation.

However, considering the assurance for satisfactory wage revision and the appeal made by you and the Managing Director to reconsider the agitation and give some more time to work for a satisfactory wage settlement, the Unions have decided to defer the 31st March 2010 strike and other agitational programmes.

Having taken this decision in the interest of the institution, the unions expect that the Chairman and his team will speed up efforts to honour the commitment for a satisfactory wage settlement on the strength of LIC at the earliest. We are sure that you will appreciate the goodwill of the employees and take all steps to meet the legitimate aspirations of the employees for early and promised “satisfactory wage settlement”.

Sd/-
General Secretary,
National Federation of Insurance Field Workers of India (NFIFWI)
Sd/-
General Secretary,
All India Insurance Employees’ Association (AIIEA)
Sd/-
General Secretary,
All India Life Insurance Employees’ Association (AILIEA)
Sd/-
General Secretary,
All India National Life Insurance Employees’ Federation (INTUC)
Sd/-
General Secretary,
Akhil Bhartiya LIC Chaturth Shreni Karmachari Sanghtana (Cl.IV – INTUC)
Sd/-
General Secretary,
Bhartiya Vima Karmachari Sena (BVKS)
Sd/-
General Secretary,
National Organisation of Insurance Officers (NOINO-BMS)
Sd/-
General Secretary,
National Organisation of Insurance Workers (NOIW-BMS)