Vehicle Loan for upgraded FTS

Date: - 04.09.2013

To

MR. P.NAYAK

GENERAL MANAGER(P)

THE NEW INDIA ASSURANCE CO.LTD

87,M.G.ROAD, FORT,

MUMBAI -400001

Dear Sir,

Reg:- Vehicle Loan for upgraded FTS

You are aware that at present an employee of class-III & IV cadre can avail the vehicle loan after completion of 5 years continuous service. 

The present Management of The New India Assurance Co. Ltd. has been gracious enough to upgrade  almost all the PTS in New India during the year 2012 and 2013.  Now, we like to point it out to your authority that these 5-years waiting period for availing a Vehicle Loan is causing serious hardship for these upgraded FTS.  As they served a long period as PTS and if they have to wait for another 5-years for availing the vehicle loan the remaining period of service will be very much less for repayment of vehicle loan. 

Hence, we like to place before you our demand for waiving this 5-year clause and make them eligible for getting the vehicle loan.  In this regard, we may cite the Circular No. CORP:HRM:PROM/CL.III-IV CELL/SNN/2013 dated 3^rd May,2013 signed by your goodself whereby these upgraded FTS has been allowed pro-rata weightage for their past services.

Awaiting your prompt response.

Thanking you,

Yours faithfully,
Sd/- xx xx xx,
SUJIT BAGCHI
GENERAL SECRETARY
NFGIE 

Copy to:- Mr. S.N.Nallasivan,Chief Manager…. For information and to take necessary action

                                                                                   please