The Insurance Week will undoubtedly be celebrated with great gusto by everyone in L.I.C. of India.
Its ad in the TOI dated 1st September, 2024 states that it is proudly rejoicing its 68th Anniversary.
The ad further states that:
"On our 68th Anniversary, we celebrate trusting relationships together, wherein we secure joy during your lifelong journey."
May we remind the Corporation that it has been royally betraying the resigning ex-employees' trust since 1st August, 1997 with the same flourish! Repudiated our arrears and left us in the lurch!
Does the Corporation even know the meaning of the word "TRUST'?
The tagline below the LIC logo reads as "Har Pal Aapke Saath".
Well, that remains true for us too as its massive betrayal is always with us, each second of our lives. Now that we are "Out of sight and out of mind" for LIC! Even out of its Books of Accounts.
LIC has gleefully and perversely robbed us of all our joy.
While the assets amounting to a whopping Rs. 31.11 lakh crores and even more, 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!), for nearly three 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 wilfully wronged by the Corporation; get all our long outstanding dues with compound interest as per prevailing rates!
After all, we have equally contributed towards the Corporation's success!
Our torturous journey of a thousand miles is still ongoing... and will continue till we reach our destination where we will get our rightful dues from L.I.C of India.
(We sincerely hope and pray that all of us live to see that DAY!)
We hope that the Managing Board of Directors of L.I.C. of India, the Finance Minister and the Prime Minister are listening!
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