Thursday, 10 August 2023

Email to the Hon'ble Prime Minister, Sri Narendra Modiji and the P.M.O

 Dated 4th August, 2023

My 'Urgent Request' letter for payment of arrears due from L.I.C of India.

To,

Sri Narendra Modiji,
Hon'ble Prime Minister of India
New Delhi

Sub. : Payment of Wage Revision Arrears and Difference in Statutory Retirement Benefits and other allied dues, by L.I.C of India.
Ref. : My 'Urgent Request' letter dated 18th June, 2023; sent to you on 22nd June, 2023 through Registered Post, Acknowledgement Due.

Respected Sir,
                       With reference to the above, kindly let me know the progress in the matter as it is very urgent.
                        I didn't receive the acknowledgement from your office, with respect to my letter as referred to above.
                        Hence, I'm sending this email. Kindly acknowledge receipt and oblige.
                        Kindly assure me that the matter is receiving topmost priority and will reach its logical conclusion, i.e. payment of long outstanding dues with compound interest, to all the resigning ex-employees of the Corporation who have suffered due to the illegal repudiation of arrears by the Corporation since 1997.
                        I'm submitting the same letter here, for your ready reference. I am also attaching the same.
                       We hope that you will take prompt and appropriate action and oblige. 
                        Thanks and warm regards.
                                                                                               Yours respectfully,
                                                                                   Mrs. Priya Ramesh Swaminathan
************************************************************************************************************************Dear friends,

                          I haven't received any response or acknowledgement for this communication too! Hope this communication doesn't go the L.I.C way. After repudiation of arrears, I had corresponded with L.I.C of India, through a registered letter and 22 emails thereafter, for asking why it had repudiated my Wage Revision Arrears and received no response. 

                          Then I had filed an R.T.I application. That was the First Appeal. Then the Second Appeal followed... Then the C.I.C closed the case with a generic response that has almost become a template and is since then being given to each person who files an R.T.I appeal for the same reason as mine. Now that I have started corresponding with the Hon'ble Prime Minister and the Prime Minister's Office (P.M.O), let's hope and pray that my efforts don't go in vain again. I have started getting a sense of de' javu!

                          But then, think about it deeply! If the Hon'ble Prime Minister also can't resolve this long-standing vexed issue, who can?

                          Again, I always believe in "Where there is a will, there is a way!" and the watchwords "Patience and Perseverance". My lone crusade against L.I.C's grave injustice has been ongoing for 13 long years. Now it is "Do or Die", with dire circumstances at home. My motto "Never give up" props me up daily to keep going...

                         God willing, we'll soon see light at the end of the tunnel. I'm hopeful that the Hon'ble Prime Minister's timely intervention will work wonders on L.I.C's inertia.

                         We all will get the fruits of our patience in the form of our arrears and difference in retirement benefits and allied benefits with compound interest and damages, from L.I.C of India. 

                                                              SATYAMEVA JAYATE!
                                                                                                            Your friend,
                                                                                                            Priya

Tuesday, 11 July 2023

My letter to the Prime Minister, Sri Narendra Modi - Urgent Request

 

Date: 18th June, 2023

To,

Sri Narendra Modiji,

Hon'ble Prime Minister of India,

The Prime Minister's Office,

152, South Block,

Raisina Hill,

New Delhi - 110011                                                         

                                                                     URGENT REQUEST

Respected Sir,

                              Subject: 1. Illegal repudiation of arrears due to me (and other resigning ex-employees); by L.I.C of India, my ex-employer and the Government of India, after delayed Wage Revision (due on 1st August, 2007) but notified on 8th October, 2010.

                                        2. Non-payment of Statutory Retirement Benefits like Provident Fund and Gratuity on an enhanced basis after the said Wage Revision.

                                        3. No option given to us for opting for Pension (which was given later to other employees)

                                        4. No intimation was given to me and the other resigning ex-employees about possibility of repudiation of arrears, etc. when we submitted our resignation letters.

                                        5. Urgent request to direct the Life Insurance Corporation of India to settle all the dues of the resigning ex-employees, since 1st August, 1997. The Wage Revision Arrears have been continuously and illegally/unconstitutionally/arbitrarily repudiated for 26 years, without any reason; as proved by the Corporation's answers to my RTI queries!

                                        6. My husband has just had a major surgery for Colorectal Cancer and is convalescing. His treatment will most probably be life-long or long-term. He will need to go in for regular, expensive, scanning and other diagnostic tests. I had to borrow huge amounts from relatives to supplement my inadequate funds. Instead of constantly depending on others who have their own problems, I request you to ensure that I get all my said dues, as above-mentioned with Compound Interest from 1st August, 2007, when they were actually payable to me; till date (16 years, in my case!). These funds will provide me with some relief from availing loans.

                                        7. Costs of sending representations, correspondence, filing RTI Appeals, photocopying expenses, commuting, mental and physical harassment, losses due to wastage of productive man-hours spent on representations/appeals; should also be paid to all of us. You may decide an appropriate amount and request L.I.C to pay the same to all of us. Similarly, other resigning ex-employees must also get their dues, as they may also be facing financial problems.

                                      

                              Reference: The Gazette Notification dated 8th October, 2010; and the previous and subsequent Gazette Notifications.

                                                     

                              I, the undersigned, had resigned when I was an Assistant Administrative Officer, in Pune Camp Branch Office No. 953 (Pune Divisional Office No.1), after 18.5 years of service on 2nd July 2010. The Gazette notification for payment of arrears due from 1st August 2007 was announced on 11th October, 2010. Legally, I was entitled to the arrears of difference in my wages from 1st August 2007 to 2nd July 2010 but it was denied on the basis of this Gazette and subsequent Circular’s notification by the Corporation.

                             Similarly, the Provident Fund and Gratuity being Statutory Retirement Benefits, their difference will also have to be paid as per the revised, enhanced wages. All the allowances, perks, etc. would also have to be calculated accordingly and the difference would have to be paid to me and all the resigning ex-employees.

                             The Corporation wrongly differentiates between the two classes of voluntarily resigning employees as those who have completed 20 years of service and those who have resigned before completing 20 years of service. The first class is entitled to the Wage Revision Arrears’ Payments and the second class isn’t entitled to it, despite putting in long, sincere and dedicated years of service! Since the wage revisions were announced for all the employees of the Corporation, as a class, the Corporation should not deny the benefits to the resigning ex-employees. The Supreme Court has also mentioned this point in its judgement, stating further, that the delay in payment of Wage Revision Arrears is the fault of the Corporation which announces the Charter belatedly; each time that it is due!

                             I am maintaining a blog named uberrimafideslicindia.blogspot.com to highlight the Corporation's gross injustice and to narrate my experience of filing R.T.I Appeals to fight for my constitutional rights to wages, as I was on the salary rolls of the Corporation on the date from which the arrears were payable. Several similarly placed, resigning ex-employees have contacted me to narrate their similar plights.

                            All the scanned documents pertaining to my RTI crusade against L.I.C's injustice, are available on this blog, for your perusal. You could note how the Corporation has evaded giving answers to a majority of my queries! You could also note how the CIC hasn't imposed any penalty on the Corporation for not providing answers, despite my request for the same and instead put the onus on me for obtaining answers from each of the numerous offices of the Corporation! Each aggrieved person who has filed an RTI appeal has received the same response from the CIC! So it has been an exercise in futility! A total wastage of our precious time and meagre resources!

                           The mighty, resource-rich L.I.C of India gets away with illegal repudiation whereas we are made to run from pillar to post to get justice, and even asked to approach courts for justice. As you are well aware, litigation is a time-consuming and expensive affair, one that none of us can really afford. L.I.C takes undue advantage of this fact. So now our only hope is that your intervention will provide us with much-needed relief and justice.

                            Interestingly, many resigning ex-employees (Class I and Class 2) from the Government's four General Insurance Companies, Subsidiaries of Life Insurance like L.I.C Mutual Funds and L.I.C Housing Finance have also approached me to join my crusade against this gross injustice of Wage Arrears' Repudiation.

                            Despite L.I.C of India's large Reserve Fund and Assets amounting to several trillions of rupees, it keeps on illegally and arbitrarily repudiating Wage Revision Arrears of the resigning, ex-employees. It's absolutely pathetic that we have to borrow money from others in times of exigencies, like the one I am currently facing; just because the Corporation has no regard for either the Supreme Court or the laws of the nation and has illegally repudiated our hard-earned dues; despite a Supreme Court ruling in 2007 that the Clause 3 B ii of the Wage Revision Charter is ultra vires! This case is also highlighted in my blog.

                            Kindly look into the matter urgently and consider my request to direct the Life Insurance Corporation of India to settle all the dues of the resigning ex-employees, since 1st August, 1997. The Finance Ministry may also be given the requisite instructions from your end to expedite the process.

                           With reference to point 6 in the 'Subject' as mentioned above, kindly expedite payment of my dues (Wage Revision Arrears and Difference in Statutory Retirement Benefits like Provident Fund and Gratuity, etc.) with Compound Interest from 1st August, 2007, when they were actually payable to me; till date (16 years, in my case!). Costs of filing RTI Appeals, photocopying bills, commuting, mental and physical harassment should also be paid to me and all those of us who have filed RTI appeals.

                            I'd be highly obliged if you'd do the needful and respond favorably at the earliest.

                            Kindly accept my warm regards.

                            Thanking you,              

                                                                                                                    Yours respectfully,

                                                                                                                             

                                                                                                       Mrs. Priya Ramesh Swaminathan

Enclosures: Hospital's Admission Letter and Discharge Card's photocopies.

 

P.S. L.I.C of India still acts in utter "Contempt of Court" manner to repudiate the arrears by incorporating the same wordings, under Clause 3, that were declared as "ultra vires" by the Hon'ble Supreme Court in 2007, and the Government of India (Finance Ministry) also ratifies the same!

Extract from the latest notification of 2021.

[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 45

NOTIFICATION

New Delhi, the 15th April, 2021

G.S.R. 273(E).—In exercise of the powers conferred by section 48 of the Life Insurance

Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules

further to amend the Life Insurance Corporation of India (Special Area Allowance) Rules, 1988,

namely:-

1. (1) These rules may be called the Life Insurance Corporation of India (Special Area Allowance)

Amendment Rules, 2021.

(2) They shall be deemed to have come into force on the 1st day of August, 2017.

(3) These rules shall be applicable to all employees who were in the whole-time salaried service in

the permanent establishment of the Corporation as on or after the 1st August, 2017:

Provided further that the employee whose resignation had been accepted or whose services had been terminated under rule 39 of Life Insurance Corporation of India (Staff) Rules, 1960 during the period from the 1st August, 2017 to the date of publication of this notification in the Official Gazette, shall not be eligible for the arrears on account of revision.

 

Interestingly, every Wage Revision Charter states the following, in its Explanatory Notes:

 

"It is certified that no officer of the Life Insurance Corporation of India is likely to be affected adversely by the notification being given retrospective effect."

 

But proceeds to illegally and arbitrarily deprive the resigning ex-employees of their hard-earned, constitutional wages, for the periods when they were on the Salary Rolls of the Corporation and in active service!

 

 

Thursday, 11 May 2023

And yet L.I.C of India doesn't pay arrears and dues to its resigning ex-employees!

 SOURCE: https://economictimes.indiatimes.com/markets/stocks/news/lics-rs-10-lakh-crore-portfolio-273-stocks-11-stars-but-only-1-superstar/articleshow/100089054.cms

LIC's Rs 10 lakh crore-portfolio: 273 stocks, 11 stars, but only 1 superstar!



By
Nikhil Agarwal ETMarkets.com

Synopsis

Life Insurance Corporation of India (LIC) has 273 listed stocks in its portfolio worth INR 10tn ($133bn). Its largest holding is Reliance Industries, but its biggest returns so far this year have come from tobacco and consumer goods company ITC, which has risen by almost 30%. Tech consultancy TCS is LIC’s third largest holding, followed by State Bank of India and ICICI Bank. Among the largest holdings that have given double-digit returns are L&T, ONGC, Tata Motors and Dr Reddy's Lab. LIC has reduced its stake in ITC but the company's valuation there has risen above INR 80,000 crore.



**********************************************************************************************************************************************
Our take on this report:

L.I.C of India is awash with funds.

And yet L.I.C of India doesn't pay arrears and dues to its resigning ex-employees!

Since 26 years!

Does anyone care about us at all?

The Government of India and the Finance Ministry of India definitely owe us an explanation!

They must ensure that we are given our dues with compound interest immediately.

"Patience has its rewards", as the old adage goes...

Will our patience pay off? 

Only the Government and the Finance Ministry of India can answer!
******************************************************
Here's the feedback received for my first blog-post here:

Dec 24, 2015
Dear Madam
U r true. Lic is taking away the fundamental right of ex- employees.
If wage are revised and paid after a long period, this is fault of Lic not of the employees.
Either revise the pay timely or pay the renumeration to employees ( for which they have already worked so sincery.)
Gross injustice...... Can't believe how can lic do it..a organization of so repute....treating their staff this way......
Govt of India must intervene.
Plz.Be united all ex employees..... It is totally despotic and exploitative beside insulting. (Sic)

Tuesday, 31 January 2023

Symbiotic relationship? Worrying scenario!

Source: https://economictimes.indiatimes.com/news/india/view-india-cant-afford-to-get-the-adani-affair-wrong/articleshow/97469688.cms 

View: India cannot afford to get the Adani affair wrong

By Mihir SharmaBloomberg

It looks as though the Adani Group’s attempt to wrap itself in the Indian tricolor and see if criticism bounces off the flag may succeed. If the Indian government becomes a participant in the conglomerate’s effort, however, it would be doing itself and all Indians a great disservice.

In its rebuttal to short-seller Hindenburg Research’s claims of stock manipulation, tycoon Gautam Adani’s company made its strategy clear: Hindenburg’s accusations were, said Adani, “a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India.”

This is, of course, not true. Hindenburg Research is not part of a giant conspiracy to defame Adani, the Indian economy, or Prime Minister Narendra Modi. The company is a small, respected, New York-based shop of short-sellers that thinks it recognizes the signs of overvalued companies ripe for a selloff.
The possibility of profit is enough of a motive — you don’t have to reach for theories about a transnational network of anti-India bankers and journalists.

Yet there is one grain of truth in Adani’s claim, and it should worry Indian policymakers. Hindenburg’s report, which describes a web of offshore shell companies engaged in possible related-party transactions, refers to investigations by the relevant Indian regulator, the Securities and Exc ..

The short-sellers make a strong, and possibly overstated, claim about the possible outcome of a regulatory investigation: “Offshore shells and funds tied to the Adani Group comprise many of the largest “public” (i.e., non-promoter) holders of Adani stock, an issue that would subject the Adani companies to delisting were Indian securities regulator SEBI’s rules enforced.”

The report goes on to claim that the companies are still bein ..

It isn’t only Indian regulators who need to ensure they address these doubts head-on. This is a crucial test for India’s market economy. Policymakers in New Delhi still have extraordinary influence over the nuts and bolts of India’s economy, if in ways that are not immediately obvious to outsiders. State-run banks dominate lending to companies. The Life Insurance Corporation of India, a public sector insurer, is the most influential domestic equity investor. If it and other state-run institutions appear to come to Adani’s rescue now, without credible justification, who will believe in the future that India’s government doesn’t have a thumb on the stock-market scales?

I
I
I

India’s regulatory reputation is on the line. This is the one thing that has set us apart for three decades, since SEBI was first set up in response to our first big market manipulation scandal. It is something we as Indians should be proud of and should fight to defend....



Monday, 12 December 2022

Press Release by L.I.C of India regarding its Report on Embedded Value

 Source: https://licindia.in/Home-(1)/Customer-Portal

14/07/2022 PANINDIA PRESS RELEASE

Mumbai, July 14, 2022: The Board of Directors of Life Insurance Corporation of India (“LIC”) approved the Report on Indian Embedded Value (IEV) as on March 31, 2022. Below are key highlights of IEV Report results. LIC has engaged M/s Milliman Advisors LLP for determining the IEV of the LIC of India as on March 31, 2022. Today, the Board of LIC, in its meeting, adopted the IEV Report of Milliman Advisors LLP pertaining to the IEV of LIC of India as on March 31, 2022. As mandated under the amended section 24 of LIC Act, 1956, Board of LIC in its meeting held on 8th January, 2022 had approved bifurcation of the single fund into separate Par and Non-Par funds and the effect of such bifurcation has been reflected in the Financials as at 31st March, 2022. As on March 31, 2022, the IEV of LIC of India has been determined to be Rs.5,41,492 Crore (Rs.5,414.9 Bn) as compared to Rs.95,605 Crore (Rs.956 Bn) as on March 31, 2021 and Rs.5,39,686 Crore (Rs.5,397 Bn) on September 30, 2021. The IEV as of September 30, 2021 was significantly higher than the IEV of March 2021 due to the bifurcation of fund that was carried out by LIC pursuant to changes in the LIC Act during the FY 2021-22. The Value of New Business (VNB) for year ended March 31, 2022 has been determined to be Rs 7,619 Crore (Rs.76.19 Bn) as compared to Rs.4,167 Crore (Rs.41.67 Bn) for the year ended March 31, 2021. Also, the VNB for the six-month period ended September 30, 2021 was Rs.1,583 Crore (Rs.15.83 Bn). The VNB margin, for the year ended March 31, 2022 is 15.1% as compared to VNB margin of 9.9% for the year ended March 31, 2021. The Annualised Premium Equivalent (APE) for year ended March 31, 2022 is Rs. 50,390 Crore (Rs.503.90 Bn). The APE for year ended March 31, 2021 was Rs.45,588 Crore (Rs.455.88 Bn) and the APE considered for arriving at VNB for period ended March 31, 2021 was Rs. 42,170 Crore (Rs. 421.70 Bn). Further for the period ended March 31, 2022, the APE of Individual business and Group business was Rs.35,572 Crore (Rs.3,55.72 Bn) and Rs.14,818 Crore (Rs.148.18 Bn) respectively. Therefore, the Individual Business accounted for 70.59% of APE and Group business accounted for 29.41% of APE. Also, within the individual business, the par business share on APE basis was 92.88%, while the remaining 7.12 % was from the non-par business. The ROEV (Return on embedded value) for March 21, 2022 is 11.9% as compared to 36.9% for March 2021. It is clarified that these calculations take into account the bifurcation impact of the split of single life fund into par and non-par fund during the FY 2021-22 Dated at Mumbai on July 14, 2022. For Further Information please contact: Executive Director (CC) LIC of India, Central Office, Mumbai. Email id: ed_cc@licindia.com Visit us at www.licindia.in We believe that the news contained in this release is of value to your readers. While we would thank you to publish it as soon as possible, we also readily recognize that the decision to do so rests entirely with you

********************************************************************************

Does the above-mentioned Embedded Value of the Corporation as on 31.03.2022 consider the Repudiated Arrears and difference in Statutory Retirement Benefits payable (but not paid) to its resigning ex-employees since 1st August 1997? If not, it is factually incorrect.

In 2007, the Supreme Court had declared the Clause 3 1 b by which the arrears were illegally repudiated by the Corporation; to be 'ultra vires'.

By now all of us long-suffering ex-employees should have been paid our arrears with interest! 

The Government, Finance Ministry and the Managing Board of Directors of L.I.C of India owe us all an explanation. As well as to all the stake-holders!

Kindly initiate and expedite the process of payments to all of us and right the wrongs that have been meted out to us since 25 years!

Thanks in eager anticipation.

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

Thursday, 10 November 2022

L.I.C of India's financial jugglery will put a magician to shame!

 Source: https://www.businesstoday.in/markets/story/lic-plans-to-transfer-nearly-22-bn-to-revive-battered-stock-report-351159-2022-10-28

 LIC plans to transfer nearly $22 bn to revive battered stock: Report

LIC plans to transfer 1.8 trillion Indian rupees ($21.83 billion), a sixth of the 11.57 trillion rupees lying in its non-participating fund, to its shareholders' fund, according to an official aware of the matter. 

Reuters

  • Oct 28, 2022,
  • Updated Oct 28, 2022, 9:24 PM IST
  • Life Insurance Corp of India (LIC) is planning to transfer nearly $22 billion from policy holders' funds into a fund earmarked to pay dividends or issue bonus shares, two sources said on Friday, as the country's largest insurer aims to shore up both its own net worth and investor confidence.

    The state-owned insurer listed on Indian stock exchanges in May, but its stock has since dropped by more than 35%, wiping off nearly 2.23 trillion Indian rupees in investor wealth.

    LIC is now looking at steps to revive its share price, said a government official, who did not want to be named.

    The company plans to transfer 1.8 trillion Indian rupees ($21.83 billion), a sixth of the 11.57 trillion rupees lying in its non-participating fund, to its shareholders' fund, according to an official aware of the matter.

    Life insurance companies primarily sell two types of products: the first are 'participating policies' where profits are shared with customers and second are 'non-participating,' or 'non-par,' policies that have fixed returns. LIC parks the premium it collects from the latter in a non-participating fund.

    Transferring some of that into the shareholders' fund is one way to shore up investor confidence as it would be an indicator of higher dividend payouts in the future, both the officials said.

    The surplus in the non-participating fund is earmarked for shareholders and can be transferred to shareholders fund with approval from LIC's board, which is yet to be sought, they said.

    The transfer, if concluded, would boost LIC's net worth by about 18 times from its current value of about 105 billion rupees and top the net worth chart among insurers, including SBI Life and HDFC Life, both the officials said.

    LIC and finance ministry did not immediately respond to emails from Reuters seeking comment.

    A bigger shareholder fund would draw the attention of new and existing investor as the amount would be used by LIC to transfer dividend or issue bonus shares in future, said Harvinder Singh, a partner at law firm DSK Legal.

    LIC shares were priced at 949 a piece during listing but are currently trading below 600 rupees.

    Seven of nine brokerages covering the stock have 'buy' or 'strong buy' rating, with the median price target of 840 rupees, according to Refinitiv data.

    "The move would increase the book value per share and may help in improving the sentiment around LIC's shares, but could keep the upside limited," said Ankur Wahal, senior vice president at BOB Capital Markets. ($1 = 82.4450 Indian rupees)

     *****************************

    In light of the above-mentioned report, we, the long-suffering, resigning ex-employees of L.I.C of India would like to remind the Corporation of its legal obligation towards us too!

    Kindly show the same financial dexterity and prudence in paying us our legally rightful dues, without much ado!

    You owe us huge unaccounted for amounts (unaccounted by you in your financial statements!) payable as our wage revision arrears' and other allied statutory retirement benefits' differential amounts; since 1997!

    The Government must prod the Corporation to pay us our dues as well as we have put in long years of sincere and loyal service to the Corporation before resigning for personal reasons. The Supreme Court is with the employees in this matter, as is evident by its ruling in 2007 that the Clause 3 I b by which the arrears were repudiated in each Charter since 1997, is Ultra Vires!

    Yet the Corporation and the Government carry on with this illegal repudiation with impunity, flouting our nation's highest court's orders! Blissfully carrying on with Contempt of Court!

    Shockingly, if this sorry state of affairs continues, as per the above-mentioned report, all the policy-holders of the Corporation may end up in our shoes, running from pillar to post to get their legally rightful dues; in the near future! God forbid!

     

     

 

Tuesday, 1 November 2022

Vigilance Week - L.I.C of India

 In its message to all the policy-holders regarding observance of Vigilance Week, L.I.C of India states its commitment to ethics. It asks everyone to fight for rooting out corruption and take a pledge to that effect.

We, the long-suffering, resigning ex-employees of L.I.C of India request the Managing Board of Directors to take the same pledge more vigorously this year, as each year passes by without us even hearing (leave alone actually receiving) about payment of our arrears' dues which the Corporation has maliciously, illegally and unjustly repudiated!

NOT PAYING OUR LEGALLY RIGHTFUL DUES, IS CORRUPTION. IN CASE L.I.C OF INDIA DOESN'T KNOW!

EVEN NOT ACCOUNTING FOR THE REPUDIATED AMOUNTS, IS CORRUPTION AND A MALPRACTICE OF THE HIGHEST ORDER.

THUS THE CORPORATION AND  THE GOVERNMENT MUST INDULGE IN SOME SERIOUS SOUL-SEARCHING AND TAKE EFFECTIVE STEPS TO STEM THE ROT...

Hopefully then, in the current Charter this humiliation won't be imposed on the hapless resigning employees!


    In my opinion, it is not enough to just profess the COMMITMENT TO ETHICS without actually practising it. In the course of my RTI struggle to obtain information from LIC, it was amply proved that LIC has no ethics as far as its responsibility towards its resigning ex-employees is concerned.  Consider the following points:


 LIC didn't bother to reply to my registered letter for representation of my case for arrears payments, nor to my subsequent 22 emails sent for follow-up thereafter; for eight months!


LIC's CPIO(WZO) called me up on my mobile from the office number and intimidated me so that I could back off from my RTI case. He  also requested me to treat his call as "off the record". He mocked me and challenged me to file a case against LIC boasting that I would surely lose the case and that the RTI case would also be closed within 3 months.


He lied in front of the IC that he had never spoken with me, to which I retorted that he was lying. He was dumbfounded and the IC reprimanded him to be transparent in his dealings in future.


LIC expects us to approach courts for our legally rightful dues, despite a Supreme Court ruling that declares Clause 3 of the Charter to be ultra vires. This clause repudiates the arrears payable to the resigning employees.


LIC didn't answer a majority of the 21 questions in my RTI appeal. Only three questions were answered incompletely.


LIC hasn't posted my RTI details on its website as is mandated by law.


LIC has wilfully, arbitrarily and illegally deprived its resigning employees of their arrears payments and difference in retirement benefits' payments for nearly 3 decades (from 1997, to be precise!).


LIC is heartless towards its ex-employees who have served it loyally and sincerely.


LIC has avoided paying TDS to the Central Exchequer by repudiation of our wage revision arrears since two decades, thus causing the Exchequer a whopping loss of crores of rupees!


My sincere request to L.I.C of India is to examine which of the following qualities does it possess to proclaim itself as ethical in our case:


Empathy and Ethos
Trustworthiness
Honor and Honesty
Integrity
Core values, Consideration and Conscience
Soul


If even one of these is missing, it needs to do an urgent soul-searching exercise and walk the talk!
If it is indeed ethical and non-corrupt, it will immediately reimburse to all of us, our legally rightful dues.