RESPECTED & REVERED CEO & MD Sri R.DORAISWAMY SIR,
At the outset, we have great pleasure in wishing you a Bright,Happy,Healthy,Peaceful,Plentiful,& Prosperous New Year 2026. Last week, I sent you a delightful Christmas Greetings with meaningful XMAS Quotations by famous Authors.
1)LIC maintains its leadership and No. 1 position of 67%in Policies & 63% in Premum income,even after 24 yrs of long competitive era. LIC’s presence is worldwide. LIC is a trusted Brand. LIC is the only IndianInsurance company among the TOP 100 WORLD INSURERS. Beginning from a modest capital base of Rs5 crores ,&about 43 lakh policies , we have reached a stage where the number of our policyholders is more than the population of many populated countries in the world.
Total income is ₹8.53 trillion ( 1 trillion = 1 lac Crore) .There are 260 working days in a year .Per day income is ₹3283 Crore. Per hour ₹500 Crore
2)LIC 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. LIC itself is an ensemble of Raga,Bhava,Thala of employees,field force & policyholders/stakeholders. Staggering Total Income,Booming,Solid Life Fund,ever-growing surplus, a Maharathna in reality, a True National Gigantic Institution in every sense of the term, unalloyed praise from every quarter,Awards & Accolades galore.
3)We, the Retired Employees have worked hard and contributed our best to build this wonderful organization.
Every Chairperson all through express in unequivocal terms the crucial role played by Seniors who retired after full service ,with Devotion & Dedication enabling LIC to earn coveted Distinction & admired & appreciated by all Groups of Customers for the Meritorious Services rendered to every Limb of society.
4)i)Agerelated,value added Basic Pension increase,even in Feb 2024 & again 8/2024 talks with 4Pensioners Fedns,this was stated to have had a nod from Govt & so NOW atleast the final CIrcular can be issued to benefit such Aged SuperSr Pensioners who all along are longing to derive this benefit eluding them.Basic pension rise by 20%,30,40,50 & 100%at ages 80,85,90,95 & 100% will give them some mental peace,as CGovt Pensioners got long time before & enjoying.Govt has also accepted BP increase by 10% & 15 % at ages 65,70,coalescing with 20% already in vogue.
Some solace can come.Many have died,Outlay would have become lower,much less than Rs100crpa.
It is pertinent to point out that FAMILY PENSIONERS ratio to REGULAR Pensioners has gone up from 20% to 50 % & OUTLAY will,therefore, get reduced,Sir.
ii) We then pleaded that Pensioners spend lot of money for Domiciliary expenses,not allowed in GMScheme ,it involves heavy expenses of Doctors consultation,prescriptions,injections,repeat medicines again if persisting & also for Spouse ,needless to say Meagre Pensions large portion is whittled down. You will agree,Sir,more than Employees,poor Pensioners need CMB Cash Medical Benefit on SAME LINES & TERMS as for Employees ,Rs16,250 per annum for Class 3 & 4,Rs 20,300 forClass 2 Dev Officers & Rs32,400 for Class 1 upto Basicpay Rs 1,63,905 & Rs 48,500 perannum for BPay above. Sir,our rough,reasonable calculations showed Outlay not more than Rs120crpa.THESE matters can be decided at LIC level itself& we plead with you to expedite,as 20,500 Pensioners have already died & are dying.It is also to be remembered that Family Pensioners numbers have shot up from 20 % to 50 %,virtually we have Total 76,000 pensioners +, comprising 52,000 RP & 24,000 FP,as per RTI info secured. Heretoo lower levels,Numbers are heavy,tapers to small Numbers at higher levels,so again Outlay cannot exceed app Rs120cr .
iii)At present,when RP dies,FP gets RegularPensioner pension till age 65,but still Revision ,when Retirement age lifted 58 to 60,automatically has not been done. FP must get rightfully full RP amount till 67 age. SIR,it irks to refer such simple decisions PENDING ,so I appeal to you to approve forthwith & allow benefit to percolate.
iv)Sir,while there is openness, CO Circulars affecting Personnel,Employees,Pensioners etc were continued to be sent to all Pensioners Fedns,last few years suddenly stopped.Sir, speed was of the essence, we all appreciated CO communication speed,downwards spread faster.That is lost,KINDLY restore SIR,for which we shall be grateful
v) We congratulate you all to confirm Pension Credit on 1st of Every Month irrespective of Saturday,Sunday or Holiday as an insuperable Achievement,as a good deal of fup with RBI NEEDFULLY DONE, as pensioners in far off places, villages et all get credit right from their BANK SMS time as early as 530am ,--a TRIBUTE to LIC TOP Mgt,Sir,in vogue from 2019/20. SURE,Thursday 1st January 2026 also will see optimistically Pension credit right from Pensioners quoting SMS Time of their Bank credit,as early as 530am ! YES ,penson credited,GREAT .
vi)a))HON FM in her recent utterances boasted she could complete Wage settlements for Bankers in 14 months unlike earlier meandering 30/36 months !
b)Question arises then why not Outstanding demands,that too Simple,Harmless issues dillydallying, procrastination,all Tiers of MOF met,Notes submitted,Outlay Miniscule ,hints of solving & settling with Final outcome given,months & years,really intolerable. SO,NAME the ISSUE/GRIEVANCE, DEADLINE Date fix,Expedite meeting face to face,resolve amicably.
c)EFFECTIVE DATE :Ridiculous it is that all along Govt announces for PayCommission Report findings,say 1/1/1996, 1/1 2006, 1/1/2016 as Singular 5th PC,6th PC,7th PC & announced 8th PC for 1/1/2026 ,but still not constituted !
Look at the Agony of LIC & other organisations,What Date MOF approves FINAL Decision--
GRATUITY ; GOVT 1/1/2006, for LIC Retirees 24/5/2010 Losing by 4yrs 4 months
GOVT 1/1/2016 , LIC Retirees 29/3/2018 LOSS by 2Y 2M
d)HARSHEST & MOST DESPICABLE, CLASS 1 OFFICERS NO CHARTER SETTLEMENT AT ALL 1973--1983 ,10 Long Years HAVE YOU SEEN ANYWHERE MORE CRUEL DECISION ?
. 5)OUR SINCERE APPEAL TO YOU SIR, 2026 CAN,WITH YOUR DYNAMIC & PRAGMATIC INTERVENTION WITNESS YEAR OF DELIVERANCE, AS DAMAGE ALREADY DONE, 20,500 DIED ,PATHETIC .It has been ALL ALONG DESPAIR,FRUSTRATION, ANGER,Pensioners SIDELINED. LIC must ready itself to extend full helping hand to ensure Nominee/Alternate Nominee secure what is due, & not lift hands in despair,denying File Not Traceable trying to wriggle out .ln these days of Full Digitisation & many organisations leap forward in AI, LIC must lead by example & certify cent percent PURIFIED RECORDS.Kindly accelerate the speed & velocity of resolution of solving Pensioners Issues & Problems,with an OPEN MIND to bring CHEERS & SMILES on our faces .That Employees & Pensioners are the Heads & Tails of the same coin,that Pensioners must enjoy their due Rights & Privileges & some DEADLINE must be fixed .
Faith & Prayers for bumper Business ending March 2026 & IN ALL FACETS OF ACTIVITY,NEW DAWN 2026 be greeted with Cheers
6)Sir, your interview was sedate,clear,articulate in NDTV . Your life history from Assistant to MD& CEO, as a 17th batch DR , Legendary Leader,Passionate in a Prestigious Organisation, from Humility to Mount Everest,my phone calls ,even while you were ED, IT/SD CO, then MD, even on Sunday morn,on your assuming charge in this EMINENT position, you picked up the call,Chennai to Mumbai traffic dense & tense, & graciously answered.A New Dawn, a New Future must be in the offing,Sir.Photograph with Fiji Titular Head, Hon PM Narendra Modiji & yourself for what LIC has done to Fiji also captured attention.
7)Kindly step up Quicker,Postive solution to resolve Pensioners Issues & Problems,with an OPEN MIND to bring CHEERS & SMILES on our faces . If Time is of the eassence,certainly NONE but Pensioners must 1st get quickest solution ,SIR
HAPPY LIC 69th SEPTEMBER ANNIVERSARY to you all TOP MANAGEMENT,SIR
R.B.KISHORE, ED RetdLIC, PATRON RIEA (RetdInsceEmployees Assn)CHENNAI,
PATRON AIRIEF, (All India RetdInsceEmployees Fedn 098403 40591
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