The Insurance Week will undoubtedly be celebrated with great gusto by everyone in L.I.C. of India. A new term-insurance plan has been announced, statistics have been proudly bandied about, ads have been given with a flourish in all the major publications!
While the assets amounting to a whopping Rs. 31.11 lakh crores are a feather in its cap, what about L.I.C's liabilities?
Most importantly, what about the liability that L.I.C. of India has towards its resigning ex-employees, whose arrears of wage revision and accruing retirement benefits' difference; have been callously and illegally repudiated by it, (deliberately ignoring a Supreme Court Judgment!), since more than two decades, since 1997; to be precise?
This Insurance Week will be really 'happy' for us and worth celebrating doubly, if all of us who have been willfully wronged by the Corporation; get all our long outstanding dues with interest as per prevailing rates!
After all, we have equally contributed towards the Corporation's success!
We hope that the Managing Board of Directors of L.I.C. of India, the Finance Minister and the Prime Minister are listening!
