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| LIC employees to observe one day strike | | |  Early Times Report
JAMMU, Mar 8: Massive demonstrations were held jointly today under the banner Joint Front of LIC Class-1 Federation, National Federation of Insurance Field Workers of India and All India Insurance Employees' Association in offices of LIC of India across Jammu & Kashmir.
The demonstrations were jointly led by Vijay Khajuria- Secretary Class-1 Federation Srinagar Division, Rakesh Magotra- Secretary National Federation of Insurance Field Workers of India Srinagar Division and Pawan Gupta- Secretary Northern Zone Insurance Employees' Association Srinagar Division.
Speaking on the occasion at D O Cell Jammu, the leaders said that wage revision of LIC employees has been due since 1st August 2017; and in spite of lapse of more than three years, the Management is not serious in settling the genuine demand of the employees.
There is no genuine response either from the Management or from the Govt. This inordinate delay has caused a lot of resentment among employees. In spite of the fact that productivity per employee has increased to a big extent and also servicing to customers has touched the sky, the aspect of wage revision of employees is not being taken care of.
The LIC employees are demanding a very genuine wage hike of 40% which they deserve seeing to the productivity and paying capacity of the industry. Proposed hike in FDI in insurance sector from 49% to 74% was strongly opposed.
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