Open Request to Milliman Advisors - Govt. Appointed Reporting Actuary

    To, 

         The Reporting Actuary,  

          Milliman Advisors. 

     We, the resigning ex-employees of L.I.C of India request you to ensure that all of us whose arrears and others dues arising due to wage revision since 1997, have been not paid by L.I.C of India; should be paid at the earliest with the requisite interest from the payable date till date of actual payment; to clean up the Balance Sheet of the Corporation. These payments have been illegally repudiated by the Corporation. A Supreme Court ruling has ruled in favor of the employees and declared the clause by which the payments were repudiated, to be ultra vires.

     As these payments (liabilities) amounting to crores of rupees have not been paid since 24 long years, the profits of the Corporation have been inflated ever since 1997!

    Hoping for a prompt resolution to our long-standing suffering and injustice against us!

    Thanks in anticipation.

    Yours sincerely,

     Resigning ex-employees of L.I.C of India.

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