ALL INDIA INSURANCE EMPLOYEES’ ASSOCIATION

LIC BUILDING SECRETARIAT ROAD HYDERABAD 500 063

Cir.No.23/2009 24^th November 2009

To all the Zonal/Divisional/State/Regional Units:

Dear Comrades,

We reproduce herein below the joint letter of the Unions/Associations submitted to the Chairman, LICI, this morning at 11.30 am in a joint delegation. Com. S.A. Nanal, Joint Secretary, WZIEA was part of the delegation representing AIIEA.

Comradely yours,

__________________________________________________________________ General Secretary.

16^th November 2009

Chairman,

L.I.C. of India, Central Office,

Mumbai.

Dear Sir,

WAGE REVISION IN LIC

In the discussions convened on November 3, 2009, you made an offer of 17.5 percent wage rise on the wage bill as at 31^st August 2007. Responding to your offer, the Unions representing all classes of employees made it clear that this offer coming nearly five months after the last round of discussions has disappointed the employees and officers. This offer neither reflects the prosperity of LIC nor meets the expectations of the employees and officers. The representatives of the unions, therefore, demanded re-commencement of discussions at an early date with meaningful offers that could lead to an early and satisfactory settlement.

The wage revision is pending since 1.8.2007. The Unions framed and submitted their charters for upward revision of wages in the background of the tremendous growth recorded by the Corporation in the preceding five years. The total premium income increased from Rs.48963 Cr. in 2001-02 to Rs.127782 Cr. in 2006-07. The success story continues. The total premium income for the year 2008-09 reached Rs.1,57,186 crores. During this period the number of individual policies rose to 26 crores from 12.58 crores. The growth of LIC during the first half of 2009-10 had been commendable viewed in the context of global recession which did not leave India unaffected. The total investments of LIC in the Indian economy stand at a massive Rs.10 lakh crores. What is more that this huge increase in productivity was achieved at a declining wage ratio as a percentage of total premium.

You will agree that the brilliant performances of LIC year after year in every aspect of its functioning have naturally made the employees expect a good wage revision in tune with the performance of the LIC. But the progress made after over two years of wage revision having fallen due is disappointing. The aspirations of the employees are totally justified as they are based on the performance of LIC to which all classes of employees have contributed in such great measure. Therefore, the LIC employees and officers have been looking forward to an improved offer which can form the basis for meaningful negotiations on the issue.

Hence, we request you to take immediate steps for calling the unions/associations at an early date with an improved offer leading to a satisfactory settlement so that the employees and officers respond to the challenges before LIC with continued commitment to advance the interests of this great institution and its policyholders.

Thanking You,

Yours faithfully,

R. Jayaprakash K Venu Gopal Satish N. Jaokar V.K. Sharma

NFIFWI AIIEA AILIEA AINLIEF (INTUC)

Sunil Shinde Atul Deshpande Ganesh Kamath

BVKS NOIW NOINO

ALL INDIA INSURANCE EMPLOYEES’ ASSOCIATION

LIC BUILDING SECRETARIAT ROAD HYDERABAD 500 063

Cir.No.22/2009 21^st November 2009

To all the Zonal/Divisional/State/Regional Units:

Dear Comrades,

Joint appeal of the unions

We reproduce hereinbelow a joint appeal released by the unions to the employees and officers calling upon them to observe demonstrations on the 27^th November 2009 and 11^th December 2009 and to be in readiness for a strike action in the last week of December 2009, if the situations so warrants.

Federation of LIC Class I Officers’ Associations, were strong partners in our earlier strike action on 16^th September 2009. They could not sign this joint appeal. We appealed to them to join the further struggles on wage issue and we are confident that they would also be with us in the struggle to achieve a good wage revision for the LIC employees and Officers.

A joint letter signed by the unions will be submitted to the Chairman on the 24^th of November 2009 and we shall circulate it after the submission.

Comradely yours,

General Secretary.

14^th November 2009

To all the officers and employees of LIC

Dear Friends,

It is more than two years since the wage revision in LIC fell due. LIC had a phenomenal growth since the last wage revision. In LIC at the time of last wage revision, the wage cost accounted for 6.02 percent of the total premium income. This cost declined to 3.19 percent by the time the present wage revision fell due. The brilliant repeat performances of LIC year after year in every aspect of its functioning has naturally made the employees and officers expect a good wage revision in tune with the performance of the LIC. But no worthwhile efforts are made by the LIC management to seriously engage the unions in negotiations to settle the genuine demands of the employees and officers.

The government officials are arbitrarily intervening even in the areas where LIC management could take decisions on its own. It is very disappointing that LIC, the biggest financial institution in the country, with more than Rs.10 lakh crores of assets, has failed so far to assert its right to settle wage revision to the employees and officers on the basis of its performance and financial strength. The genuine aspirations of the officers and employees who are performing for the growth of LIC are being trampled in the process.

In the last wage discussion held on 3^rd November 2009, the LIC management offered a wage increase of 17.5 percent. This offer was much below the aspirations of the officers and employees and hence the unions/associations did not accept this offer. The LIC officers and employees deserve a much better deal.

It is in this background that we call upon all the officers and employees in LIC across the country to massively participate in the demonstrations on 27^th November 2009 and 11^th December 2009 demanding the LIC management and the government that there should be immediate discussions with improved offers leading to a satisfactory wage revision.

We also call upon the employees and officers to be in readiness for a One Day Strike in the last week of December 2009, in case the management does not come out with improved offers.

With greetings,

Yours friendly,

R. Jayaprakash K Venu Gopal Satish N. Jaokar V.K. Sharma

NFIFWI AIIEA AILIEA AINLIEF (INTUC)

Sunil Shinde Atul Deshpande Ganesh Kamath

BVKS NOIW NOINO