""FLASH NEWS""

"" Listing of state general insurers may be staggered.""...""" New India Assurance launches “New India Premier Mediclaim Policy” with exclusive features and Sum Insured upto Rs. 1 crore""".... “The tentative decrease in D.A. Slabs is 9 for the months from February,2017 to April,2017 - The net number of slabs for Feb.,2017 stands at 469"".."" ALL MEMBERS OF NFGIE/GICEU: PL ENSURE PAYING LEVY ON WAGE REVISION IMMEDIATELY ON RECEIPT OF ARREARS TO THE RESPECTIVE STATE /REGIONAL UNITS TO STRENGTHEN FINANCIAL POSITION OF NFGIE AS WELL AS STATE UNITS OF GICEU""....."" WAGE ARREARS WILL BE PAID ON 05th FEB.,2016""...."" WAGE REVISION FILE WAS CLEARED BY FINANCE MINISTRY ON THURSDAY 14TH JAN.,2016 ONLY. EXPECTING NOTIFICATION AT ANY TIME. HOWEVER, ON TUESDAY 19TH JAN.2016 GIPSA GOVERNING BODY MEETING HELD AT 'GOA'. PAYMENT DATE MAY BE DECIDED BY GIPSA AUTHORITY.""..."" NEXT ROUND OF DISCUSSIONS WITH GIPSA ON 04TH, 5TH & 6TH nOV., 2015 AT HOTEL GOLCONDA,HYDERABAD- NFGIE SLOT FOR DISCUSSIONS ON WAGE REVISION WITH GIPSA AT 2 PM ON 04.11.2015""...""Received a call from Mr A K Singhal, Advisor, GIPSA to our National Federation General Secretary, Mr P S Bajpai regarding the next round of Wage Talks on 29th October 2015 (Thursday) at Mumbai. Detailed Circular follows.""..."" We have been informed by Mr. Vasant Khande,Mumbai that Mr. Ashish Shelar,MLA and BJP President of Mumbai is going to attend our NFGIE conference on 1st October,2015 in Chennai""...""Wage revision and Pension Option – Programme of Agitation::: 1. Lunch Hour demonstrations in all centres on 15th and 23rd September.2. Signature campaign (memorandum addressed to Finance Minister) to complete by 23rdSeptember.;3. No late sitting in offices and no work on Saturdays, Sundays and Holidays w.e.f. 23rd September, 2015;4. Joint Employees meetings in all offices to campaign;5. Perspective of strike actions in October ""......"23RD JULY IS NEW INDIA'S FOUNDATION DAY(23RD JULY, 1919). ON THIS HAPPY OCCASSION, LET ALL NEW INDIANS TO RE-DEDICATE THEMSELVES ONCE AGAIN TO BRING BACK IT'S GLORY AND TO RETAIN NO.1 POSITION WITH PROFITS




""NEW INDIA ASSURANCE BEATS COMPETITION, GETS $9.5 BILLION AIR INDIA DEAL. One of India’s biggest public sector general insurer, New India Assurance (NIA) led consortium of public sector insurance companies has been awarded the contract to insure Air India’s huge fleet of 126 aircrafts worth 9.5 billion dollars. The consortium outbid the tender submitted by private general insurance companies, for this contract floated by Air India. NIA will insure Air India for 9.5 billion insurance cover for a premium of $22.5 million, which would be a one of the biggest aircraft insurance deals in the whole of Southeast Asia. PSU insurers continue to insure Air India for 4th year in a row"".....""Thank u all for staging a successful DHARNA today (06.7.2015) all over India as part of JFTU programme. At Mumbai we met Chairman GIPSA who informed that ministry is insisting on wage settlement on bank line only. Still they are pursuing with the ministry for getting sanction for a better package for PSGI Companies citing various factors. Due to this GIPSA is delaying resumption of wage negotiation. More stringent TU action is needed by JFTU against Ministry of Finance stand. JFTU will decide its further programme....Than 'Q'...Sujit Bagchi,General Secretary, "NFGIE""...""


TOTAL WEB VIEWERS

Wednesday, February 26, 2014

Centre may raise age of retirement by 2 years to 62

The Congress-led United Progressive Alliance (UPA) is likely to take a major decision of increasing the retirement age of Central government employees by two years, from 60 to 62 this week. This would be applicable from March 1.
It would be one of the major decisions to be taken by the Cabinet before the model code of conduct for the general elections kicks in. In the Thursday meeting, the Cabinet is also likely to recommend dates for the elections. These could be notified on March 5.
"The government may clear the increase in age this week," said a source. It is likely to be a part of the terms of reference of the Seventh Pay Commission, expected to file its report in 2017. The panel, however, can recommend an interim relief through the move.
The increase in retirement age would be happening after 15 years. In 1998, it was increased to 60 from 58 following implementation of the Fifth Pay Commission. Experts said it would defer payment of retirement benefits. However, sources confirmed this would not be applicable for employees retiring on February 28.
The cabinet is expected to discuss a proposal to increase the dearness allowance by 10 per cent from January 1, to make it 100 per cent and merge 50 per cent of the increased dearness allowance with basic pay. The terms and conditions of the panel include a proposal to merge 50 per cent of dearness allowance with basic pay.
The move to increase the retirement age may pressure the states to follow. The department of personnel and training was working on the proposal for quite some time. The Budget estimate on the pension outgo for 2014-15 is Rs 80,982 crore, 0.6 per cent of the gross domestic product.

Thursday, February 13, 2014

RAISE AGE OF RETIREMENT TO " 65 " years

A parliamentary panel has urged the Centre to raise the retirement age to 65 years, noting that growing lifespan was adding to the need for "productive ageing".
The recommendation for increase in retirement age comes with a reminder that senior citizens would form 12.4% of the total population in 2026 from 7.5% in 2001.
The committee feels that with the increase in life expectancy and relatively better state of health of people, the government needs to look at continuity of employment up to 65 years," said the report of standing committee of Parliament on social justice and empowerment tabled on Friday (7th Feb.,2014).
It also recommended that government look at greater post-retirement opportunities for senior citizens and create greater financial support for the elderly by hiking the old age pension to Rs 1,000 per month from the present Rs 200 for those above 60 years and Rs 500 for those above 80 years.
While suggesting immediate redressal for the ageing population, the panel sought to train the government's focus on the 60-plus group by pointing out that its growing numbers would be a serious challenge in health and social care.  Specifically, it underlined that as per population projections, the 80-plus bloc, the most-vulnerable group, would see a sharper rise in numbers.
The urgency of parliamentarians towards senior citizens comes amid growing global realization that increasing lifespan is creating a new demographic bloc requiring state intervention.
Seeking government attention, the committee noted that senior citizens comprised 7.5% of the total population in 2001 but their share is likely to increase to 12.4% in 2026. Importantly, UN projections say while India's population will rise by 55% by 2050, that of 60-plus would increase by 326% and that of 80-plus would go up by 700%.
Given the rising challenge, the panel headed by Hemanand Biswal found the government response inadequate, noting that "issue of rapid population ageing in the country has not received due attention of the government and the community at large".
The panel said special focus should be on the octogenarian bloc. "This age group is the most vulnerable and runs the risk of getting dementia, Alzheimer's disease, Parkinson disease, depression in their older years," it said, and asked the Centre to constitute an expert group of relevant government departments to devise specialized healthcare programme for them.

"NEW INDIA ASSURANCE" Will soon Offers 3-in-1 cover for Accident, Home, Health



"CORPORATE NEWS"

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. The combined feature is expected to increase retail penetration of personal accident and household insurance on the back of growing sales of health insurance.

Although personal accident policies have been around for decades and are much cheaper than term insurance covers sold by life insurers, sales have not picked up because agents do not find it economical to sell these policies. For instance, under New India's standalone personal accident cover, one can be insured for Rs 4 lakh for as low as Rs 125.

Same is the case with householders' cover — a policy that protects both the house and its contents. The innovation that New India plans to offer is a floating sum insured for household items. Thus, the insured would be able to claim for up to a particular value rather than declare and insure each and every item in the house. "We will file the combined policy with the regulator shortly," said G Srinivasan, CMD, New India
Assurance.


The move to push retail sales comes at a time when growth in corporate insurance is stagnating. Growth in fire insurance has slowed to 7% despite robust growth in motor and health insurance. "Retail business has grown faster than corporate. As a result, the share of retail has grown by two to three percentage points to 65%," said Srinivasan. He added that, going by New India's numbers, the ratio of claims to premium was lower in retail than in corporate business.
Srinivasan said the company will add 20,000 agents during the current 2013-14 financial year. He said the company has recorded a net profit of Rs 701 crore in the first nine months, which was a rise of 36% over the corresponding period last year. The company's domestic premium has risen 16% to Rs 8,337 crore while global premium grew 15% to Rs 10,255 crore.
.....................................................


AN URGENT APPEAL TO SAVE LIFE OF FELLOW NEW INDIAN- Mr. Ananda Krishnan, Assistant



TO ALL MEMBERS


Dear Friends,


AN  URGENT APPEAL



Mr.Ananda Krishnan.K.M. (54 years) Assistant (S.R.No.19410) Kannur Divisional Office under Ernakulam R.O. has been unwell for the last two years and was on leave on health grounds.  Mr. Ananda krishnan, who is having an exemplary work record, has been suffering from a kind of Motor Neuron Disease, diagnosed as Amyotropic lateral sclerosis since a couple of years.  Proximal as well as distal muscles of upper and lower limbs have become weakend, resulting in partial stoppage of body movements.  Besides, he also developed Type 2 respiratory failure and underwent tracheostomy (i.e a hole was made on respiratory canal to connect to a BiPAP-portable ventilator). Now he depends on intermittent use of a portable ventilator, a BiPAP, to be stable.  He was admitted in AIMS for 3 weeks and then was referred to a local hospital for palliative care, as there is no permanent cure for the disease. Food and medicines are now injected through a tube directly connected to intestine.
Now it has become impossible for Mr.Ananda Krishnan to do any work on his own. He has exhausted of all his financial resources as he has incurred huge amount for the treatment of disease at various hospitals.  His wife is unemployed and his two daughters are studying for Post graduation and Plus Two levels,   The sole breadwinner’s illness has effected the education of children.


Hence, we request all New Indians to help Mr.Ananda krishanan at his critical stage in his life.  This is the time to render a helping hand to one of the fellow New Indian in distress.


A Committee has been formed at Kannur DO for this purpose and your valuable contributions may be forwarded to Convenor  Kannur DO or directly to Anandakrishnan’s Bank Account No. 1631024392 Central Bank of India, Kannur Branch, IFS Code CBIN 0280972 and mail the details to nia.760800@newindia.co.in




T.K.Sathishkumar
Working President
NFGIE
....................................... 

... EDITOR

JOINT ACTION ON STAFF GROUP MEDICLAIM POLICY-2014


GENERAL CIRCULAR ISSUED FOR READ & CIRCULATION BY "NFGIE"

12.02.2014

Friends,



You are aware that National Federation of General Insurance Employees has participated in all demonstration & Dharna held in  all over India as a constituent of Joint Forum.  The Dharna on 22 January, 2014 before National Insurance Co Ltd Head Office at Middleton Street Kolkata was a massive success. Active participation of  officers and employees in the similar  Demonstration and Dharna  held at  all Head Offices and Regional Offices of GIPSA companies also made significant impact on the Management. The fight against GIPSA  Management’s arbitrary unilateral imposition of GMC has evolved serious repercussion amongst all section of employees and officers and  ushered a path of  forming a joint action Forum in the name of JOINT FORUM OF UNION/ASSOCIATION OF  OFFICERS AND EMPLOYEES OF  PSGI Companies. All leading Association and Organisation  except AIIEA joined hands to fight against the  evil design of Management. 


This J F U A of officers and employees  have submitted a Memorandum  to Mr Rajiv Takru, Secretary, D.F.S, Ministry of Finance, Govt of India  on 4th February 2014 demanding   many burning issues confronting the interest of the  Officers and Employees of General Insurance Industry.  Some of them are as follows :


1.      Another Option for Pension 
2.      Improvement in the Group Mediclaim Policy 
3.      Amendment of the Promotion Policy for Officers & Employees
4.     Compassionate Appointment 
5.      Early Wage Revision 
6.      Amendment of Transfer & Mobility Policy 
7.      Early Notification of NPS 
8.      Recognition of Association/Unions 
9.      Payment of PLLI to all and amendment in PLIS 
10.  Comprehensive Human Resource Policy

Friends, this Joint  Forum  is actively pursuing  the cause of  officers  and employees interest  with the officials of the Finance ministry at  highest level  specially for  improvement in the Group Mediclaim Policy and  Deletion of TPA from GMC.  It has been assured  by the Ministry that the  whole scheme of the GMC will be reviewed after sometime and Ministry will take up the issue with GIPSA to make suitable amendment.


With greetings,
Sd/- XX XX XX,
SUJIT BAGCHI
GENERAL SECRETARY
N.F.G.I.E.