Monday 30 December 2019

Whose trust does L.I.C of India treasure?

L.I.C of India presented a cheque of Rs. 2610.74 crores to the Government as its share of the surplus arising out of LIC's actuarial valuation as at 31.03.2019.

When will it pay us, the resigning ex-employees, our wage revision arrears, difference in Statutory Retirement Benefits - Provident Fund and Gratuity; with interest?

When will it stop betraying our trust?

L.I.C of India must learn to treasure all its stake-holders' trust. It's high time!

We hope that the New Year will teach L.I.C of India invaluable lessons in honoring trust, learning the meaning of commitment and ethics; and playing fair!

L.I.C - Kindly start computing our dues with the accrued interest thereon. You will have to pay them this year. (The dues have remained unpaid since 1997, more than two decades!)

Happy New Year!

P.S. Hope the Prime Minister and Finance Minister are listening too! Kindly direct the Management of L.I.C of India to do the needful, PRONTO!

Thanks in anticipation.

The long-suffering, resigning, ex-employees of L.I.C of India