You are aware that LIC Management invited All India Life and other
Associations/Unions for an Information Sharing Session on 27.02.2017 at Mumbai. In the joint Session, Management was represented by Shri V.K. Sharma (Chairman), Smt. Usha
Sangwan (MD), Shri Hemant Bhargava (MD), Shri Sharad Shrivastva (ED), Shri G.S. Chawla (ED IT/Software Development), Shri D.P. Mohanty (ED IT/BPR), Ms. T.S. Hindoyar, Chief (P)
and Shri H.S.B. Sinha, Chief (Per/ER). All India Life was represented by Shri Kalapi Desai, Vice-President, Shri Raghubir Singh, Joint Secretary (NCZ) & Shri Ganesh Nayak (WZ).
The Joint-Session which began at 10 a.m. as scheduled, was presided over by the
Chairman, Shri V.K. Sharma began with an introductory speech by Ms. T.S. Hindoyar, Chief (P) followed by welcome address by Shri Sharad Shrivastva, who also touched on the purpose behind having such information sharing session. The Chairman while addressing the
Joint Session, expressed his happiness in announcing that LIC for the first time since 1956 would be achieving the target of FYPI during the month of February and that too today itself. He congratulated the employees for this unprecedented achievement as a team. The Chairman also touched on the excellent claims settlement performance of the Corporation during the year. However, he also expressed concern over the rise in the portfolio of
surrender and lapsation. He also spelt out the challenges before LIC in maintaining high conservation ratio, growth of renewal premium and keeping the expenses ratio low.
The Chairman also touched on the rising expectation of the customer. He further
shared the major IT initiative in the interest of the policyholder and mentioned Migration from ECS to NACH, Premium payment through POS machine (Swipe Machine) and launching of
e-wallet etc. The present system of submitting existence certificate for annuitant and pensioners of LIC was being scrapped. Under “Jeevan Prman” biometric system will replace
existence certificate. Management also said that TMP and Cadre Strength formulae were under discussion. A detailed presentation was given by ED (IT/BPR) and Personnel department on different IT initiative and cadre strength formulae.


Chairman while inviting response from the Representatives requested for restricting the same to 5 minutes with no repetition. Our Vice President, Shri Kalapi Desai while reacting on behalf
of All India Life, at the outset wished Shri V.K. Sharma, the new Chairman that under his leadership LIC may reach new heights. He also added that he was still hopeful about employees’ benefit in store and that it may be spelt out during the Individual Session. He also
complimented LIC for taking I.T initiatives in lines with the encouragement given by the Government of India and added that taking this forward Management has recently extended Mobile Set reimbursement facility to Class II also and was confident that Class III & IV would be given this benefit soon. Immediately, after the reaction,

Chairman in fact prompted E.D.(P)
in the open to look in to this demand with all genuineness.
All India Life Delegation comprising of Shri Kalapi Desai, Shri Raghubir Singh, Shri Ganesh Nayak, Shri B.T. Khandekar & Shri Arun Mane on the same evening had Individual Discussions with the Management represented by Shri Sharad Shrivastva (ED), Ms. T.S. Hindoyar, Chief (P), Shri M.C. Chaturvedi, Secretary (ER) & Shri Sanjay Singh, Asst. Secy.(ER).
At the outset, All India Life Delegation thanked the Management for initiating the Information sharing process, which was insisted by our General Secretary during his talks with them just
last month. However, the Delegation expressed its strong resentment over no mention made on 5 Day Week, Diamond Jubilee Memento & on other assured pending demands during the
Joint Talks. Delegation also expressed the feelings of the All India Life Delegates who are at the Working Committee Meeting at Surat and are having lot of expectations from the New
On 5 Day Week, Management replied that the Ministry is ready with the 5 Day Week as per the Bank pattern. However, the Management is perusing the 5 Day Week as per the GIPS Pattern (as in GIC). Management noted the resentment on Diamond Jubilee memento but no
positive sign was seen in this regard. Management expressed that clearance on 270 days Accumulation & Paternity Leave are expected. However, Management clarified that Child
Care Leave is not under consideration.
On demand by the Delegation for inclusion of spouse in the Preventive Health Check up Scheme, it was noted and also Management requested to educate the employees to avail
this facility as very few percentage of employees are availing this facility.
On the demand put forward by our Delegation on improvements in Mediclaim & LTC, Management sought our suggestions in writing.

On our genuine demand for Entertainment, Newspaper Allowances, and Reimbursement of Mobile handset & Mobile Usage Charges to Class 3 & 4, it was noted by the Management.
Regarding, one more option for Pension, Management assured that it will once again be taken up with the Ministry with all seriousness.
With regard to our suggestion for a timely wage settlement of the coming charter, Management clarified that they have not received any directions from the Ministry in that direction till date.
On TMP Issue, our Delegation brought to the notice of the Management that with the average age of Class III touching nearly 52 years, large scale recruitment is the need of the hour to address the office requirements and such policy without the infusion of young blood would be detrimental to the interest of the Organization. Also, our Delegation urged the Management to
implement the Supreme Court Decision on CGIT case. Management informed that the matter is under scrutiny with CO/Legal Department and the same would be informed to ER/CO.
On Housing Loan Subsidy, it was brought to the notice that the subsidy amount was not credited to a large number of employees since months and that the Subsidy Module needs to be updated accordingly. Management noted the same and assured that it now being
streamlined and very soon the pending cases would also be solved.
On Staff Strength Formula, Management clarified that it is seeking suggestions from the Unions and wanted to have a long term policy, since the previous Staff Strength base was the
Year 2004.
On the issue of empanelment of Hospitals for Health Check-up under NCZ, Management clarified that respective Divisions have powers to strike off the empanelled hospitals, if the
feedback is not encouraging.
On the inordinate delay in payment of Bonus to the eligible employees for the last two years, Management accepted that in spite of providing all the clarifications on eligible percentage
and eligible number of employees in the Corporation to the Ministry, reply from the Ministry is still awaited.
On demand for review of LIC’s new Sports Policy, Management noted the same.
Our Delegation also demanded the payment of D.A to employees deputed for Election Duty. Management has asked to put the same in writing for taking a decision.
Regarding demand for revision of Pension, Management replied that 6 Pensioners’ Unions are in the Court with regard to the same.

Management informed the Delegation that biometrics pilot project is completed and the entire process is in 4 Phase but Phase 1 is delayed because of vendor problem in supply of machines. With regard to biometrics attendance, Management clarified that for availing meal coupons, attendance through biometrics is a must.
On Information Sharing, the Delegation pointed out to the Management that it should be a continuous process with a duration of at least 2 days, where the Information could be shared,
feedback can be given, representation on various issues could be made and clarification could be received, thereby serving the purpose completely.
On Demand for the DCP Yearly Statement in lines with PF Statement for employees covered under NPS, Management assured the Delegation that efforts are being made to issue the
Statement as at 31st March.
On Agra Issue, the All India Life Delegation wanted the CO Management to withdraw the penalty levied by the bias Agra Divisional Management and resolve the same at the earliest. While noting the same, Management suggested for talks with the NCZ Management in this matter.
The Delegation while concluding the talks expressed that Management would follow up the agreed pending demands and the various employees’ benefits represented in all earnestness
at the earliest.