AIIEA opposes DA freeze for government employees and pensioners aiiea undertakes relief work among the migrant workers and poor.
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AIIEA opposes DA freeze for government employees and pensioners aiiea undertakes relief work among the migrant workers and poor.
4th February 2020
Centre of Indian Trade Unions congratulates the employees and officers of Life Insurance Corporation (LIC) who went on one-hour-strike today on 4th February 2020 in all the LIC establishments across the country against the anti-national move of the Modi government to disinvest Central government holdings in the LIC.
In the Union Budget announced on Saturday, Finance Minister Nirmala Sitharaman announced that the government, which holds 100 percent stake in LIC, will sell a part of its holding through an initial public offering (IPO). It’s nothing but an anti national move as it is, besides self-reliant Indian economy being placed at altar of private capital-both domestic and foreign, playing with the life of more than 42 crore policy holders.
Immediately after this retrograde announcement by the Modi government, the employees led by All India Insurance Employees Association(AIIEA) and Officers led by LIC Class I Officers Association and National Federation of Field Workers Association came out in protest demonstrations through-out the country and called for one-hour-strike action from 12pm to 1pm today-4th February 2020. It evoked magnificent massive response from all employees and officers.
CITU, while congratulating them for their patriotic struggles to protect the national assets- LIC and the life of 42 crore policy-holders, expresses its solidarity and unflinching support to their future course of actions to defend the national interest against the anti-national moves by the BJP Govt at the centre
Issued by
Tapan Sen
General Secretary
Center of Indian Trade Unions (CITU) condemns Modi government’s direction to LIC to acquire 51% stake in debt-ridden IDBI bank and also the IRDAI for giving permission violating its own norms of not allowing LIC to hold more than 15% shares in banks.
This move of Modi government will be helping the corporates, who have dragged IDBI into huge losses through NPAs, and the government itself by mopping up over Rs.13,000 crore from LIC to meet its fiscal deficit.
LIC is the only insurance company which is having a track record of 99.92% of claims settlement and is having the highest confidence of the public. This move of the government will lower the small investors like workers, presents, middle class employees and professionals’ confidence in LIC. This act of the government is also to favor private players in insurance sector.
In a letter to LIC chairman on 25 June, the biggest oraganisation of LIC employees, All India Insurance Employees Association (AIIEA), opposed LIC’s taking over 51% shares of debt-ridden IDBI bank.
CITU demands of IRDAI to withdraw its exceptional decision allowing LIC to acquire 51% stake in loss making IDBI bank and of the Modi government to desist from pressuring LIC to acquire 51% shares of IDBI.
(Tapan Sen)
General Secretary
Dear Comrade,
Please find the attachments on the above subject.
The final figure of signatures collected in central zone against GST on insurance premium.
Name of Division | No. of Signature |
Bhopal | 1,18,591 |
Raipur | 1,05,698 |
Shahdol | 71,328 |
Jabalpur | 65,835 |
Indore | 65,000 |
Bilaspur | 29,531 |
Gwalior | 26,500 |
Satna | 22,700 |
Total | 5,05,183 |
Dear Comrade,
We have prepared the comparative statement of the check off results of AIIEA and other unions of Class III & IV. This is for your information.
Pl find attachment for the same.
Dear Comrades,
Please download brief reportage received from SZIEF on the Flood Relief Work undertaken at Chennai and other flood affected areas of Tamilnadu.
We wish you all success in your written examinations.
All India Insurance Employees’ Association (AIIEA) is a largest & the oldest Trade Union in Insurance Industry & LIC. After you join the LIC and become a Member of this wonderful Association AIIEA, you will be knowing much more about the History and achievements of AIIEA in detail. Please feel free to contact us for any clarifications and help.
Dear Friends,
Warmest Greetings
The LIC of India is the finest financial institution in the country. It is the largest life insurance company in the world in terms of the number of policies it serves and claims it settles. LIC is the single largest investor in the Indian economy. Though it currently serves over 42 crore policyholders, it has touched the life of every Indian Citizen through its contribution to the nation building activities. It is therefore a matter of pride to work for such a Premier Public Sector Institution.
The LIC has announced 8000 vacancies for recruitment to the Post of Assistant throughout the country. This is a significant step in the background of unprecedented unemployment situation in India. The All India Insurance Employees’ Association (AIIEA) which is the oldest and largest trade union of insurance employees had invested lot of energy in agitating for recruitment. This struggle has now succeeded with LIC announcing to recruit 8000 persons for the post of Assistant. The AIIEA since its birth in 1951 has been working for the improvement of the wage and service conditions of the LIC employees. It is the result of these struggles that today the Pay, Service Conditions and Opportunities for career advancement in LIC are comparable to the best in the country. The AIIEA is also committed to the noblest values of mankind and therefore it engages itself in several social activities to provide relief and support to those affected by natural calamities and suffer from economic and social disadvantages.
It is with this commitment that AIIEA helps the candidates aspiring for job in LIC with free study material and free coaching classes. I hope you will take advantage of this opportunity and prepare well to face this competitive examination.
I wish you success in your endeavour and hope for your joining the great fraternity of insurance employees.
Greetings again,
Sincerely yours,
Amanulla Khan
President, AIIEA