Insurance employees protest for immediate rivision of wages
The Insurance Corporation Employees Union (ICEU) under the banner of All India Insurance Employees Association has staged a dharna outside the Life Insurance Corporation of India (LIC) Divisional Office here demanding immediate revision of wages.Addressing the agitating members yesterday, ICEU general secretary B B Ganesh said wage revision for LIC was long pending since August 2007 and the Corporation was showing a very indifferent attitude on the issue despite its tremendous growth during this period.The total premium Income of LIC has increased from Rs 1,27,782 crore in 2006-07 to Rs 1,57,186 crore in 2008-09 and the total number of polices has increased from 12.58 crore to 26 crore, he said.He alleged that the Centre, instead of intervening to solve the issue was creating hurdles by imposing new conditions like new pension scheme for employees joining after April, 2009. These counter conditions are not acceptable to the employees, he added.