Monday, December 27, 2010

Meeting with LIC CEO P and GS Mumbai

Dear friends,
We had a meeting with CEO of LIC P & GS at Mumbai on 13th December 2010, and we could solve the problem of Oriental insurance Pensioners who were getting their DA in arrears to get them the same on the same month it is due. From Febraury 2011 onwards all the Oriental pensioners will get their DA with the pension.
We have made a strong plea with the CEO that when the cheques are lost in transit pension should be credited immedietely on submission of indemnity bond by the pensioners. At present LIC is waiting for the cheque to become stale and pensioners are suffering for six months.
We were informed that it is news to them and they have taken steps to send another circular to all the LIC offices to pay the pension immedietely on receipt of the indemnity bond.
We have also taken up the matter of late credit in some of the centres especially to those who opted for ECS.
We took up the matter of issuing the certificate/form 16 to all the pensioners before the last date of April so that it will be easy for those who file income tax returns, for which they have agreed to implement the same.
They also requested us to opt for ECS so that all these above problems can be easily solved and we have assured them to convey the message to all the pensioners.

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