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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


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News

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


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Dear Comrade,

Please find the attachments on the above subject.


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News

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

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News

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.


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News
Dear Comrades,
 
Please find the attachment for the draft Memorandum addressed to the Chairman, GIPSA.
 
As decided in the Standing Committee Meeting held at Hyderabad on 22nd and 23rd May, our Units should collect the signatures from all the employees and officers from 1st July to 15th July. 
 
After obtaining the signatures of officers and employees on the Memorandum  the same will be sent to the following address:
 
The Chairman,
General Insurers' (Public Sector) Association of India (GIPSA), 
Ground Floor, Jeevan Tara Building, 
5, Sansad Marg,
New Delhi - 110 001.
 
Units are requested to take two xerox copies of the signed memorandum and one copy has to send to the CMD of the respective company and one copy to the respective Region/State unit.
 

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News
Dear Comrade,
 
Serious Campaign against Disinvestment of PSGI Cos
 
You are aware that the BJP led NDA Government made certain amendments to GIBNA Act during the Budget session of Parliament in 2015.  After the passage of the Insurance Laws Amendment Bill in the Parliament, the Government is contemplating to move ahead with rapid speed for implementation of the changes. While presenting the budget in the Parliament, The Finance Minister has announced that the 4 PSGI Cos will be listed in Stock exchanges and 10% of their shares will be offloaded to the Public. This is one of the most dangerous steps taken by the Government to weaken the PSGI Cos.  In order to protect the PSGI Cos from the onslaught of the Central Government by its retrograde policies with evil designs, we have to unleash serious campaign in the days to come.  All the State/Regional units are advised to observe the following programme of action.
 
Programme of Action
1.    AIIEA’s letter to CMDs dated 5th April, 2016 has to translate into vernacular and should be distributed to all the employees in all the offices.
2.    Organise Conventions/Seminars minimum in 2 centres of the Region/State before 15th May on the dangers of disinvestment.
3.    Leadership has to tour to all the District Centres and meetings are to be conducted highlighting the dangers of disinvestment.
4.  Distribution of pamphlets amongst the all sections of employees throughout Region/State.
5.  Observe the 126th Birth Anniversary of Dr.B.R.Ambedkar on 14th April by organizing Seminar/Convention on that day with a slogan “Protect & Strengthen Public Sector General Insurance Companies”.
6.  Observe the 13th May (Nationalisation Day of the PS General Insurance companies) by highlighting the success story of the PSGI Cos. before and after opening up of the insurance sector to private companies.
 
After observance of the above programme, units shall send the reports to headquarters which will be reviewed in the Standing Committee meeting to be held at Hyderabad on 22nd & 23rd May, 2016.
With greetings,
 
Comradely yours,
K.V.V.S.N.Raju
Secretary, Standing Committee (GI) AIIEA.

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Dear Comrades,

Please download brief reportage received from SZIEF on the Flood Relief Work undertaken at Chennai and other flood affected areas of Tamilnadu.


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Dear Comrades,
 
Please download the attachment for Statistics of 2 September 2015 one day strike.
 

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Dear Comrade,
 
Please find the attachments on the above subjects.

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Appeal to Candidates

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.


AIIEA President's Message

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



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