W.C.Meeting of NFGIE on 25th Aug 2013 & Publishing of Souvenir

date:18/7/2013

ALL REGIONAL SECRETARIES / PRESIDENTS / EXECUTIVES
NFGIE

Dear friends, We are happy to remind you all once again in regard to coming publishing a Souvenir in connection with our WC Meeting to be held on 25th Aug 2013 at Mumbai. As you are aware that, this may be the last occasion to help our beloved ex-leaders who had been  unceremoniously gone out of the Company for a noble cause. Unfortunately we could not do much for the well being of these people except few helping hand in all these years. This mission is purely intend to make a lump sum to them at least for a period of time since it has become difficult to make monthly payment regularly due to paucity of fund. 

When we come out with a clear planning, it is my sincere request to all of you that, let us not disappoint them with all possible excuses and lack of empathy. Please remember that these unfortunate and hapless people also could have fetched couple of promotions by this time but fate did not allow only because of lack of vision few possessed. So it is our sincere request once again to all Regional Units TO EXTEND ALL POSSIBLE HELPING HANDS TO OUR MISSION WHICH IS GOING TO UNVEIL ON 25th Aug 2013 by providing sufficient Advertisements to the souvenir, and in case if you fail to meet the target due to obvious reasons, then please provide decent/reasonable donation to this venture before the date. 

Thanking you once again and we would like to remind you that, our Industry and Trade Unions in the Industry is going to have very tough time, because of the decision of Govt.of India to increase the FDI in Insurance Sector from 26 to 49%. We may have join hands with all trade unions to muster a strong defense against the ill kotives of the Govt. in the days to come.

Regards and greetings to all members seeking promotion in all cadres and scales.

Thanking you

TK. SATHISH KUMAR
WORKING PRESIDENT
N.F.G.I.E.

NON-CORE BENEFITS FOR DEVELOPMENT OFFICERS:: TRANSITIONAL ARRANGEMENTS FOR GRANT OF CAR LOANS

To                                                                         dt. 17^th July, 2013.

The Chairman, GIPSA

New Delhi

Dear Sir,

Re: NON CORE BENEFITS FOR DEVELOPMENT OFFICERS:  TRANSITIONAL ARRANGEMENTS FOR GRANT OF CAR LOANS

The Non- core benefits for the Development Officers  has been previously revised  with effect from 1.4.2013 vide  Circular No. IBD.CL.II Cell.CIR. No.01:2012-13:IBD.ADMN:/54 dated  January 22, 2013.  Subsequently vide Circular No. IBD.CL.II Cell. CIR. No.01:2013-14:IBD.ADMN:71 dated April 3, 2013 the effective  date of the scheme has been changed  to 1.4.2012. While we  express our thanks  for this change of effective date, we take this opportunity to highlight  anomaly  under the head transitional arrangement for determining premium norms  for  grant of car loan to Development Officers.  While perusing the two circulars, it has been observed that you have just changed the financial years without considering the growth or accretion factor, e.g,  Previous  premium norms  of 2012-13 & 2013-14 has been substituted by 2011-12 & 2012-13, respectively. we are of the opinion that this is highly illogical and requires  immediate modification.  Since  the revised premium norms  has been  notified  on  April 3, 2013 with retrospective effective it would not be possible for the Development Officers to achieve the premium target .  Hence it is our demand  to provide justice and  make the revision of the Non-core benefits  a meaningful one. 

You are therefore requested that the premium norms  for transitional arrangement for 2012-2013 be made as per the 1^st circular dated  22 January 2013  and fix a separate premium norms for 2011-2012 as one time option. 

Awaiting  your prompt response  in the matter.

Thanking you,

Yours faithfully,

Sd/-xx xx xx

SUJIT BAGCHI

GENERAL SECRETARY

Copy to : Mr M Parshad, Chief Executive, GIPSA, New Delhi     
The Chairman-Cum-Managing Director, New India Assurance Co Ltd, Mumbai
The Chairman-Cum-Managing Director, National Insurance Co Ltd, Kolkatta
The Chairman-Cum-Managing Director, Oriental Insurance Co Ltd, New Delhi
The Chairman- Cum-Managing Director, United India Insurance Co Ltd, Chennai
........With a request to take necessary action.

COURT CASE OF OFFICERS (2011) IN ANDHRA PRADESH DIVISIONAL BENCH

Dear All,

We  are pleased to inform you that the above case was listed on 15.07.2013 in the Divisional Bench of High Court of Andhra Pradesh, Hyderabad. The Companys advocate has been asked for an adjournment and under the pretext that he was not prepared for arguments, as per the information received by us.

However, the Hon'ble Judge has informed to our legal councel that final hearing of the case will be positively on 22nd July,2013(Monday).  Understand that "No further adjournments will be allowed" in the case,  as informed by Mr. K.S. N. Murthy, who filed the above case is continuously monitoring/following it up with his advocate and communicating to us for publishing the information. 

Expecting a positive result / out come on 22nd July, 2013.

WithWarm Greetings,

...  EDITOR

Re: Promotion Exercise with in Class-III( Asst to Sr.ASST) and Class-III to Scale -I

Mr.P.NAYAK
GENERAL MANAGER(P)
HEAD OFFICE
MUMBAI

Dear Sir,

Re: Promotion Exercise with in Class-III( Asst to Sr.ASST) and Class-III to Scale -I

We wish to invite your urgent attention to the above and submit the following for your necessary action.. The promotional exercise from Assistant to SR. Assistant and Sr. Assistant to A.O is on anvil. Company has already published examination result of Para 13.2 and Rank list being published. We observe from the list that some names are appearing in both the list (Assistant to SR Assistant & in Para 13.2) . It is being apprehended by rank & file that if both the exercises go simultaneously, it may induce adverse impact on the exercise in the case of  Assistant to SR Assistant. Since there is no contingency list ever after the introduction of above said promotion policy(2008) in all the cadre, it so happened the vacancy lapses due to Employee opting higher cadre.

We had on earlier occasions taken up the matter with CORP.HRM, Mumbai and expressed our apprehention on the above matter. We therefore request your good selves to issue necessary instructions to carry out the promotion exercise only after publishing the Rank list of eligible candidates from Class-III to I otherwise employees qualifying for 13.2 will desert the post on selection as AO.

Sir, this may help a lot to Class III all over India and vacancy will be fulfilled as per the declaration in Sr.Asst cadre.

Thanking you,
Yours truly,
SD/-
T.K.SATHISH KUMAR
WORKING PRESIDENT
NFGIE
Copy>to: Mr.D.R.WAGHELA, DGM(p)

Publishing of Marks obtained in Competition Examination-of Para 13.2 of SCS Promotion Exercise 2013.( Class-III to I)

04/07/2013

Mr.P.Nayak
General Manager (P)
Head Office, Mumbai

Dear Sir,

Re: Publishing of Marks obtained in Competition Examination-
      of Para 13.2 of SCS Promotion Exercise 2013.( Class-III to I)


With reference to the above, we wish to bring your kind attention to the above and appeal to publish the marks received by the candidates appeared in the said Competitive examination.

It is only just to publish the marks since other subsidiary Company –M/s. United India Insurance Company has already published the marks scored by the candidates in the net. And we note that all other examination results of all Scales are being published in the net without any request or demand. In the case of Para 13.2 competitive examination marks obtained by each candidate are not published on all these years which lead to lack of transparency and displeasure among the employees.

We therefore appeal you to take necessary steps to publish the same before starting the Interviews.

Thanking you,
Yours truly,

Sd/-
T.K.SATHISH KUMAR
WORKING PRESIDENT
NATIONAL FEDERATION OF GENERAL INSURANCE EMPLOYEES.

Copy to: D.R. Waghela, DGM(p)

Uttarakhand flood claims to impact general insurers’ profit this fiscal

The recent Uttarakhand flash floods are likely to dent the profitability of general insurance companies in FY2014 as big ticket claims are expected from as many as 245 hydroelectric power stations, according to a senior industry official.

“A large number of hydroelectric power stations have been damaged in the Uttarakhand belt. About 245 projects overall have been damaged in that area. Many of the projects are very small,” said A.K. Roy, Chairman and Managing Director of the country’s sole reinsurance company, General Insurance Corporation.


Flood damage: The Vishnuprayag hydro power project on the Alaknanda River at Lambagar in Chamoli, Uttarakhand.

New India Assurance, the country’s largest general insurance company, received six claims so far from hydel power stations such as state-owned National Hydroelectric Power Corporation and about Rs 10 crore worth of individual claims, said a senior company official. During the Mumbai floods, the general insurance industry is estimated to have paid out claims of over Rs 4, 000 crore.

According to industry experts, the losses from Uttarakhand, which are still being ascertained, may be in a similar range. The biggest losses for general insurers are expected to come from hydroelectric power projects and the motor insurance segment as many vehicles may have been washed away.

Under current regulations, the domestic general insurers — both public and private sector — mandatorily pass on at least 5 per cent of their premiums they collect to GIC Re for reinsuring their risks. “We have already asked for information on the exposure of the general insurance companies in Uttarakhand. For larger claims, general insurers will have reinsurance. As a reinsurer, we are in a position to pay. But it will impact their results for the current year,” said Roy.

Catastrophe pool

The general insurance industry is also currently discussing the possibility of a natural catastrophe pool as a buffer against such natural calamities.

This pool will have a structured compensation for people and for the property which is not insured.

....courtsy...(This article was published in the Business Line print edition dated July 6, 2013)

WAGE NEGOTIATIONS

June 26, 2013

The Chairman,

General Insurers (Public Sector Association) of India,

Jeevan Vihar, 3^rd Floor (Rear Wing),

Parliament Street, Sansad Marg

New Delhi- 110001

Dear Sir,

                                                Re:  Wage Negotiation

You are aware that National Federation of General Insurance Employees had submitted its Charter of Demands for Wage Negotiation in October 2012.  Our last Wage Revision was effective from 1^st August, 2007 to 31.07.2012 and a considerable time has elapsed after our submission of Charter of Demands.

We would, therefore, request you to invite all check-off qualified unions immediately without further delay.

Thanking you,

Yours faithfully,

Sd-

SUJIT BAGCHI

GENERAL SECRETARY

NFGIE