LIC ANNIVERSARY GREETINGS: 67YEARS OF FRUITFUL EXISTENCE & CONTRIBUTION TO NATION

                                                FOR  KIND & PERSONAL ATTENTION OF Sri SIDDHARTH MOHANTY,

CHAIRPERSON,LIC

Revered & Respected Chairperson Sri Siddarth Mohanty,Sir,

      LIC ANNIVERSARY GREETINGS: 67YEARS OF FRUITFUL EXISTENCE & CONTRIBUTION TO NATION

1)Born on 1st Sep,1956,LIC,from an infant.grew to boyhood,then adulthood.a Giant,celebrated the Golden Jubilee on 1/9/2006,Diamond Jubilee on 1/9/2016,has earned ever so many accolades,  ' a jewel in the crown, a world-class organization' .Its Logo & Emblem-Yogakshemam Vahamyaham—Thy Welfare is Our Responsibilty--became household memory. 'In the humblest of homes,our flame burns bright & Hands that protect,Hands that serve' ,are no idle boasts.

2)In his speech, the first Prime Minister of India Pt Jawaharlal Nehru said that 'insurance is now a state concern'. Our ancestors thought and implemented this concept  several thousand years ago. In Mahabharata King Yudhishtira said to his younger brother Bhim:

योगक्षेमश्च राष्ट्रस्य धर्माधमौं त्वयि स्थितौ ।

मुच्यस्व महतो भारात्यगमेव अभिसंश्रय ।।

        "The Yoga and the Kshema of the nation as also the good and evil of subjects are reposed in you. You may (when time comes) get rid of this colossal burden by resorting to renunciation" (Mahabharata- Shantiparva. 12-18)

         And, now after 67 years of nationalisation,  life insurance has played a pivotal role in nation building. This is despite the fact that still there is a vast uninsured populace in the country and high protection gap.

          On this historic LIC Day and on the first day of 'Insurance Week', we wish that we become free from insecurity, as our ancestors prayed in Vedic age:

अयं सु तुभ्यं वरूण स्वधावो हृदिस्तोम उपश्रितश्चिदस्तु।

शं नः क्षेमे शमु योगे नो अस्तु यूयं पात स्वस्तिभिः सदा नः।।

"Oh God Varuna, full of food (through Ahutis), I am offering this hymn to you with a prayer to secure it in your heart.  With your blessings may our Kshema and Yoga ( be permanently protected) continue undisturbed"     IIIndia,Kolkata

3)Let our alert,qualified Administrative Force & Dynamic,Vibrant Field Force ,from grassroot level Agents & Captain & Commander of the Team of Clublevel Agents, MDRT Agents,Distinguished Club High Fliers create records,break records,Play their part,Play it well & Play to WIN, & enable people & prospects to realise their Family Dreams come true with a Variety of Policies,Multiple benefits,Annuities & Pension et all.& help make people believe that a life insurance policy is not merely a financial document rather an instrument of our love and care for those who value in our lives the most.

4)We are all LICians first & LICians last.Live your Dreams, don't dream your life ,Convert Dream into Vision.Insure & be Secure,We know India better,Zindagike sath bhi, Zindagikebadbhi  .  LICians dream, they envisage vision,LIC itself is an ensemble of Raga,Bhava,Thala of employees,field force & policyholders/stakeholders. Privatisation & competition  only added grit & determination enabling LIC to emerge stronger & be adored as a respectable & undisputed  Market Leader. As a multi-dimensional organization, LIC has the potential, power & potency to don  this new Avatar, don it must & don it will.

 5) I used to term our LIC human resources as an assorted Brittania Cream biscuits, take any discipline, Actuary, Accountant, Engineer,Underwriter,Personnel & HRD  Experts,Trainer,Marketing Experts, Dynamic Agents  & Vibrant Development Officers & Field Force, Humane Policy servicing Administrators,right from proposal to Policy to Claims,Symphony in Architecture as Sri Ghadiali used to describe LIC Buildings,so Architects , IT Experts,name any, LIC has a distinct resource base that merrily carries through higher & higher. This is LIC's crowning glory.   

             6)In a world full of stories of failing brands & failing institutions,LIC stands tall as an example of a team that has evolved & adapted to changing times with agility & speed, & has succeeded  in retaining its relevance & leadership. Ralph W Emerson said that "it requires a great deal of caution to make a great fortune & when you have it , it requires ten times as much skill to keep it ."

           7)The industry has undergone a seachange in terms of size,segments,products &distribution system since liberalisation.The competition in the 1st decade of this millennium was about geographic segments. In the 2nd decade ,it shifted to  demographic segments .Fast changing technology is changing fast the life styles,preferences,& expectations  of customers .. In a world of financial super-markets,if we allow our customer to go to another shop for picking up a product that he does not find on our shelf, our customer might choose to take away from us his entire shopping list

           8)Taking challenges head-on & turning them into opportunities  is something that we have done not just once in the past .Whether it were the pains of consolidation after nationalisation ,or managing expansion after decentralisation ,or it was combating competition after liberalisation --we have not just survived but have thrived  by converting challenges into opportunities.There is no other example parallel to LIC in any other industry  where the public sector operator has sustained dominance of this extent & for this long after liberalisation of the industry.  This is a Veritable Victory Salute,Chairperson , Sir

          9)Staggering Total Income,Booming,Solid Life Fund,more than 30 crores policies, a Maharathna in reality, a True National Gigantic Institution in every sense of the term, unalloyed praise from every quarter,Awards & Accolades galore.Former FM Sri PChidambaram thundered,there is no better 3-letter word than  L I C. Sri Arun Jaitley, when he visited "Yogakshema" on 9th January,2015, observed, 'the Country depends on LIC  to a great extent. LIC is a Role Model of how a state sector instrument can, while maintaining  arm's length distance, take prudent commercial decisions and LIC has done exceedingly well.' What more testimonials needed !

         10)Let  LIC,even in its new avatar,after LIC mega ipo roll out ,with new found stringent supervision & controls ,zoom to greater heights of glory under able creative digital revolution & confidence & trust of crores of policyholders ,evolve to fullest brim of efficiency & effectiveness under top management vision & mission statement with changed parameters .

      B)i) Agerelated rise in Basic Pension at 80,85,90,95 & 100,rise of 20%,30,40,50 & 100 % which appears to be accepted but not released & most adversely affected Group is a small number as many have gone to Heaven. We also submitted that Pensioners & spouse are spending heavy amounts for Domiciliary expenses, Consultation & Prescriptions once,twice or more is exhorbitant  from the Pension amount,already Meagre & so with modesty pleaded for

   ii)CMB Cash Medical Benefit on SAME LINES AS FOR EMPLOYEES,& for all  PENSIONERS, the outlay will be a meagre Rs100crore app..

   iii)IN fact,Sir,the july 2019 Board Resolution still not honoured of accepting Last Drawn Basic Pay or Average of Last 10 months Basic Pay,whichever is higher /or acceptable by retiree pensioner,period falling in between 2 wage agreements.

   iv)SBI GIFT to Elders & Seniors age 75 & above graded years,for various Cadres,ending on top with decent Rs1,95,000  Exgratia ,not counted in Retirement benefit  Can we SuperSeniors secure similar 67th ANNIVERSARY GIFT from your announcement during this Insurance Week?KINDLY BESTOW,21,000 Pensioners have died & are dying,empathy need of the hour.

 

     C)  i)GREETINGS,GOODLUCK & GODSPEED in all your earnest endeavours,&  awaiting positive closures of modest demands of All Groups of Pensioners to herald a turn of the tide for beleagured  pensioners to enjoy the twilight of their lives in peace,harmony  & tranquillity, as a true LICian

 

      ii)Our sincere greetings & prayers on this happy occasion of LIC completing its 67th Year of Saga of Service & Security to the entire Nation.We are confident LIC dedicates itself to the Nation at large & pledges its resolve to ensure the best service to all ensuring customer delight.LIC indeed,shall shine & sparkle & emit its lustre all around. Let LIC remember & fulfil its duty to make all Pensioners,termed as FOUNDERS, happy in the twilight of their lives & indeed recognizing Elders as Founders who built the rock of sound edifice & strong foundation enabling LIC to grow & remain undisputed Market Leader & an epitome of financial strength & solidity.   

R.B.KISHORE,                                   

ED(Retd),PATRON,AIRIEF(All India Retd InsceEmployees Fedn)