""FLASH NEWS""

""INCOME-TAX SLAB MAY RAISE TO RS.3 LAKHS FROM EXISTING RS.2 LAKHS IN THE ENSUING BUDGET SESSION"".. PROPOSAL OF REVOKING TO 6 DAYS WEEK WORKING IS DROPPED BY MINISTRY""... "" 'NFGIE' IS VIGOROUSLY PURSUING ABOUT LONG PENDING WAGE REVISION FOR ALL 'PSU' GENERAL INSURANCE EMPLOYEES WITH CHAIRMAN,GIPSA AND FINANCE MINISTRY, IN THE WAKE OF FORMING OF NEW GOVERNMENT AT CENTER.....UNDERSTAND FROM RELIABLE SOURCES THAT "CHAIRMAN, GIPSA" IS ALSO VERY KEEN ON THIS MATTER. AND VERY SHORTLY ALL THE CHECK-OFF QUALIFIED UNIONS WILL BE CALLED FOR FURTHER NEGOTIATIONS"" . ... "" New India Registered 15% growth in premium; Premium in India : Rs.11540 Cr.; Global premium:Rs.14304 Cr. and profit after tax Rs.1089 Cr. for 2013-14 (.)""..."" United Registered a premium of Rs.9708.93 Cr with a net profit of Rs.527.60 Cr (previous year Rs.527.33 Cr.) for 2013-14 F.Y.-Growth rate @ 11%; The board has recommended a dividend of 20%for 2013-14(.)"" PF Election Result Declared in NEW INDIA our "NFGIE" Panel 2, 5, 7 & 8 win WITH THUMPING MAJORITY DETAILS as follows: BALLOT NO1089 ., NAME, NO. OF VOTES SECURED RESPECTIVELY:- 2 VITTHAL CHAVAN 8135; 7 ANIL SONAWANE 8114; 8 VENKITASUBRAMANIAN 8109; 5 RAVI SAWANT[V.A.] 8013; NOW "BVKS PANNEL" WHO LOST THE BATTLE ONCE AGAIN : 1 VIJAY AGATE 7431; 3 VIJAY DICHOLAKAR 7020; 4 SASI P R 6996; 6 DR AMRISH SINHA 6959. WE EXPRESS OUR SINCERE THANKS AND GRATITUDE TO ALL WHO SUPPORTED "NFGIE PANNEL" GOT ELECTED WITH THUMPING MAJORITY AND REPOSED CONFIDENCE IN 'NFGIE' WHO ONLY CAN PROTECT HARD EARNED PROVIDENT FUND OF EVERY NEW INDIAN.""

""RBI ALLOWS FPIs/FIIs and NRIs TO INVEST UP TO 26% UNDER THE AUTOMATIC ROUTE SHALL BE PERMITTED IN THE INSURANCE AND ALLIED ACTIVITIES...W.E.F. 4TH FEB.,2014 ""...."" The AICPI for Jan., 2014 :237 and for Feb.,2014 at :238 points, For March expected 239 points.."".."" The country's largest non-life company — New India Assurance — will soon seek the regulator's approval to sell a combined policy that covers personal accident, household and health insurance.""...."Retirement fund body Employees Provident Fund Organisation (EPFO) on Monday(14TH JAN.,2014) announced a rise in interest rate on provident fund (PF) deposits to 8.75 per cent for 2013-14, to benefit 50 million subscribers""..... "" SERVICE IS THE GATE WAY TO GROWTH "".."23rd JULY IS NEW INDIA'S FOUNDATION DAY(23rd JULY,1919)""..""WHETHER CLIENT IS BIG OR SMALL SERVE TO ALL""..

TOTAL WEB VIEWERS

PHOTOS

Loading...

Tuesday, June 17, 2014

Important issues requested for immediate attention and consideration by New India GM(P)


Date: 16th June, 2014

Mr P Nayak
General Manager – HRM
The New India Assurance Co Ltd
Head Office, Mumbai

Dear Sir

Re: Important issues requesting your immediate attention and consideration.
  • Special Promotional Exercise from Assistant/Sr. Assistant to AO (Micro Office In-charges).
  • Request for Reserve for contingency under Sr. Assistant Promotions.
Its heartening to note that our  corporate office has initiated and completed the special promotional exercise of  Class III employees  to Scale I officers to be posted as MICRO office in-charges zone wise and its equally disheartening to note that few of the promotees  who could not accept and report to the place of postings owing to their genuine reasons and hardships  were denied  the opportunity to take part in the ensuing two promotional exercises invoking the refusal clause in the promotional policy.

Its not out of place to specify and submit that one Mr K Narasimha Rao working as Micro Office–in-charge  of NUZIVID was also denied the opportunity to take part in the ensuing two promotional exercises.  His wife is working in State Govt which cannot be transferred. When the reasons are genuine and denying the opportunity in a growing organization like ours may not augur well with the loyal and senior employees,  toiling without any elevation and financial benefits despite putting 20 and odd years of service.  We believe that majority of the cases are of genuine in nature and hence requires your humane consideration in the interest of organization which would boost up their morale and  rededicate themselves for the welfare of all concerned.

Even, it is pathetic in regard with the promotional policy within Class III.   Assistants who were recruited during early nineties, aged nearly 50s and still looking for a first promotion is empathy denied by the corporate management. At this point of their career, not reporting to the place of their posting on promotion should not be viewed as refusal of promotion but to be viewed as a hapless and helpless individuals  ( Mr U Ramakrishna and Mrs. S Vijayalakshmi ) who could not avail the long awaited elevation due to insurmountable circumstances.    Over this, your stricture not to permit them to take part in the coming exercise is more devastating than their forgoing their long cherished elevation in our organization.

We strongly believe that HRM in any organization is meant to motivate and make every one inclusive in achieving the organizational goals but not to be repressive and relenting. As a discretionary authority, we look forward for your humane approach on this issue. It is to submit that our good office took a wise stand in the earlier exercises and permitted  those who could not report in promoted cadre at their genuine representations which was considered a well managed move when our own promotional policy is mired with several deficiencies. 

Hence, we expect the same consideration during this year also by giving a well deserved opportunity to the employees who would be more mutual and attached to the organizational goals and targets.

Please consider our above two just  requests with human touch so that our Organisation flag would always be in flying colours.  Long live “New India.

Thanking you
Yours faithfully
 Sd/- xx xx xx 
V.Goplakrishnaiah
Regional Secretary
GICEU – AP, Vizag RO.

Monday, June 16, 2014

: Transfer of Mr. T K Sathiskumar, Working President.



The General Manager                                                                                              30.05.2014
HRM Department,
The New India Assurance Co Ltd.,
Head Office,
Mumbai.

Dear Sir,

Re:  Transfer of Mr. T K Sathiskumar, Working President.

Your goodself shall recall that the captioned subject was brought to your knowledge several times and your interference provided him some temporary relief.  Now, once again Dr. C J Philip, GM (in-situ), Ernakulam has started insisting on immediate release of Mr. Sathiskumar from his present place of posting to Alappuzha DO.  Earlier Mr. Sathiskumar made an appeal for transfer to Ernakulam on medical ground and his appeal was considered for posting at Ernakulam on deputation. Mr. Sathiskumar is suffering from Cardiac ailment and still undergoing treatment.  He has to consult regularly the doctors who are available in Ernakulam.  Beside, being the Working President of NFGIE, the check-off qualified union, his presence in Ernakulam is very much required for day-to-day functioning of the union.  For reasons not known to us, Dr. C J Philip at regular interval is trying to disturb Mr. Sathiskumar.  GIC Employees’ Union, Kerala made several representation to  Dr. Philip urging him not to keep on insisting for release of Mr. Sathiskumar from his present place of posting. 

I am sure that you will appreciate that cancellation of posting on deputation on Medical ground (Cardiac ailment) is really inhumane.  Cancellation of posting of a person suffering from cardiac ailment merely on the ground of the disliking of a particular person is really painful and unheard of in the history of New India.  I have  strong reason to believe that it is no else than a sinister design on the part of GM-in-situ Ernakulam to destabilize National Federation in Kerala.  I, therefore, request your immediate intervention in pursuing Dr. C J Philip so that the transfer of Mr. Sathiskumar, a cardiac patient is not insisted upon and be retained at Ernakulam itself.

Thanking you,
 Yours faithfully,
 (SUJIT BAGCHI)
GENERAL SECRETARY

Continuation of membership under EPF & MP Act, 1952 vis-à-vis GIC(Employees) Pension Scheme.



The 3rd June 2014.
 To
Mr. P. Nayak
General Manager(HRM),
The New India Assurance Co. Ltd.
87, M. G. Road, Fort,
Mumbai – 400001.

Re : Continuation of membership under EPF & MP Act, 1952 vis-à-vis GIC(Employees) Pension Scheme.

Dear Sir,
This is regarding our letter dated 11.2.2014 on  the captioned subject matter( a copy of which is enclosed). We are sorry to inform you that till date the matter has not been resolved. We once again solicit your immediate action for resolving the issues to enable the newly upgraded PTS for applying PF Loan.
 SUJIT BAGCHI
GENERAL SECRETARY
NFGIE,MUMBAI 

The following text of the letter was Enclosure to above letter:-


11.02.2014

MR.P.NAYAK
GENERAL MANAGER (HRM)
THE NEW INDIA ASSURANCE CO.LTD
87,M.G.ROAD
FORT
MUMBAI - 400001

 Sub: Continuation of membership under EPF & MP Act, 1952
          vis-à-vis GIC(Employees) Pension Scheme.

Dear Sir,

It must be to your knowledge, the services of casual/daily rated/contractor’s Workers engaged in the jobs of class-IV category of all PS General Insurance Companies were regularized and designed as Part Time Sweepers (PTS) keeping in view that the jobs they perform were permanent in nature.  Precisely, all those regularized class-IV staffs were termed as “Permanent Part Time Sweepers”.  Subsequently, the said PTSs have been upgraded as “Full Time Sweepers (FTS)”.  Ever since the process of said regularization, those PTS had been regular subscribers of PF as per the law, enjoyed all benefits admissible likewise other category of staff members.  Also as PF subscribers those PTS cast their votes in the PF Trust elections held in the past during the period of their service as PTS.  Moreover there was no instance of break or discontinuation of service in respect of the concerned PTS prior to their upgradation as FTS which otherwise establish that all those PTS and/or FTS were on continuous service.
 In the situation, we are grossly dismayed over the managements’ arbitrary, prejudicial and irrational act of treating the said upgradation as fresh recruitment and throwing the upgraded FTS out of the ambit of EPF & MP Act, 1952.  Most unfortunately, the management of New India Assurance Co. Ltd. in utter disregard to law of the land in a high handed manner trampled the norms of justice and denied the respective FTS their continuity of service. It is pertinent to mention that New India Management vide its  circular, CORP:HRM:PROMOTION/CL III-IVCELL/SNN/2013 dated 3rd May, 2013 has recognized the continuation of the past service of the said PTS by way of amendments to the Para 15.1 and Para 17.1 of the Promotion Policy-2008.  This amply clears that the  services of the upgraded FTS is a continuation of service and not a new recruitment. It may be noted further, simultaneous to their becoming members of PF after joining as PTS they also exercised option for GIC (Employees) Pension Scheme, 1995.  Therefore, upon upgradation we strongly opine, the concerned FTS shall in no way can be placed under New Pension Scheme defying the option they have exercised.  Rather their option for GIC(employees)Pension Scheme should receive due cognizance.

Hence  We feel that Para 8 of the  Gazette Notification No.SO2472(E) dated 8th October 2010  issued by Gov t of India, Ministry of Finance(Department of Financial Services) needs to be suitably amended. For this we demand of you to take up the matter with Ministry of Finance for necessary Gazette Notification

We fervently request your prompt response and a line in confirmation as well.

Thanking you,
 Yours sincerely,
Sd/- Sujit Bagchi
GENERAL SECRETARY
NFGIE



 

Thursday, June 5, 2014

TMP EXERCISE FOR THE YEAR 2014-2015 FOR CLASS-I

Date: 30.05.2014
To
The General Manager, HRM                                                                                                         
The New India Assurance Co. Ltd.
87 M.G. Road,   Fort
MUMBAI .

RE.:     TMP Exercise for the year 2014-2015 for Class I

This is in reference to the instruction issued by the Corporate HRM to various Regional Heads regarding exercise of TMP for the year 2014-2015 for officers from scale I to scale-IV. 

The Transfer Mobility Policy devised earlier stipulated that a certain percentage of officers posted at a particular station exceeding normal period of posting were supposed to be transferred.  But we understand, since last year some changes have been effected in TMP which however was not communicated to the Unions nor the said change was displayed in the Corporate HRM module of   Company’s  Portal.   May we request you to please let us know the necessity of shifting from the earlier policy .  It may be recalled that on various occasions in the past it has been made explicit that mere transfer for transfer sake without looking into the actual requirement of respective offices under a particular R.O. is not at all conducive to the interest of customer services.  There were many instances which were brought to the notice of Corporate HRM that due to the mechanical implementation of TMP some of the offices had starved of the required   man - power whereas there were posting of excess number of officers   in some other offices.  We hope that when the Company is on path of achieving record growth in terms  of premium income, manpower planning should be appropriately devised based on requirement of each R.O.  Mere centralization of man-power planning may  not be helpful and New India as a Company  ‘ Beyond Leadership  ‘  should be a pioneer  in devising and implementing such  manpower planning to ensure sustained growth in the days ahead.

I am confident, you will also agree mere displacement by way of transfer from one place to another without looking into the actual need would invariably lead to wastage of precious manpower and ultimately productivity will suffer. Needless to add that huge amount of expenditure results in such erratic transfers which can very well be avoided with a prudent act on the part of the Management.

Further,  it is worth mentioning that such transfer in the middle of the academic year invariably cause harassments not only to the officers alone but to the children and  the members of the family  as well resulting disturbance to the  education , since admission to the new schools/colleges  during the mid –     academic sessions is hardly a smooth process . We always suggest  that TMP, if at all required, should be  implemented by end of MARCH – APRIL  each year.
                
Hence, we demand that TMP exercise for the year 2014-15 be withheld  and once again request you to review the whole process.
Thanking you,
Yours faithfully,
(SUJIT BAGCHI)
GENERAL SECRETARY
NFGIE