NOTICE FOR 18TH BGC MEETING OF "NFGIE"

30.07.2015

N O T I C E

Notice is hereby served to all Regional/State Secretaries/General Council Members that 18^th Biennial General Council Meeting  of N F G I E will be held on 30^thSept & 1^st October, 2015 at Chennai. The details of which are as under:-

Date:- 30^th Sept & 1^st Oct.2015.

The BGC will start after taking lunch on 30^th September, 2015

Venue:-Beach Park Resorts, 10 KM away from Chennai City

Arrival of Delegates:- 30^th Sept. by 10:00 AM

Departure of Delegates:-2^nd Oct. Morning after taking Breakfast.

Delegate Fee:- Rs.2300/- per head for 2(Two) days.

All Regional/State Secretaries are requested to inform the following to Mr. Md. Saleem, the General Secretary, GICEU (Southern Zone) by 14^th August, 2015 positively with a copy to the undersigned.

1.No. of Delegates attending the Conference from your State……………………………………

2. Food habits –South Indian/North Indian and Veg/Non Veg…………………………………….

3. Arrival Time…………..Date……………..By Train No/Other Mode……………………………

4. Departure Time………..Date……………By Train No/Other Mode……………………………

Mobile No. of Mr. Md.Saleem, the General Secretary, GICEU (Southern Zone) :- 09444926275

Email of Md. Saleem : mohammedsaleem1912@gmail.com  Or giceuchennai@gmail.com

Yours Sincerely,

Sd/- xx xx xx xx,

SUJITH BAGCHI

GENERAL SECRETARY

NFGIE

DEVELOPMENT OFFICER (Mktg.) TO ADMN. OFFICER (DEVELOPMENT) - Promotion Policy

Dear All Class-II Marketing Friends,,

In regard to the above, we have received a communication from our Class-II Secretary -NFGIE, Mr. G. Uday Kumar, Banaglore,  that  premium procured and number of lives concept  of "Rural & Social Sector  hither to was mandatory, in the promotion policy.   
Now this stands deleted from this current promotional exercise for Class- 2 Development Officers (Marketing) to Scale-I  Admn. Officer (Development).  However, an extra marks  will be given for those, who procuring this type of business. Maximum 8 (eight) marks to various amounts in A,  B, C cities.  Total marks for performance appraisal stands @ 40. The detailed circular will be followed, in this regard.

This is for information to all Class-II (Marketing) friends.
>>>>EDITOR 

K SANATH KUMAR OF NEW INDIA ASSURANCE APPOINTED AS DIRECTOR & GM IN GIC REINSURANCE

Mr. K. Sanath Kumar who was serving as Director & General Manager in New India Assurance (NIA), has been appointed as Director and General Manager of General Insurance Corporation of India (GIC Re). This post was lying vacant at India’s sole reinsurer GIC Re for over a month. 

K. Sanath Kumar carries 33 years of experience in Indian Non-Life Insurance Industry. Currently, he is a General Manager in-charge of IT, Business Reengineering, Liability, and Miscellaneous Insurance & Bancassurance in NIA. He is also a Director on the Board of Directors of New India Assurance, Prestige Assurance PLC, and OTC Exchange of India &United India Insurance Company Limited.

The top position at GIC Re was held by Mr. Yugandhara Rao who shifted to head a subsidiary of GIC Re in South Africa. Mr. Kumar is expected to take charge of the new position from 1st August 2015. 
 
GIC of India (GIC Re) was formed to control and operate the business of general insurance in India. It is the sole reinsurance company in the Indian insurance market with over four decades of experience. GIC’s four largest fully owned subsidiary companies are - National Insurance Company Limited, New India Assurance, Oriental Insurance and United India Insurance.

Courtesy>>>MIC

IRDA to axe commissions to distributors, aims at cutting expenses of insurers to raise returns for policyholders

The insurance regulator is looking to crack down on commissions that take a big bite out of initial premiums, mostly without the customer's knowledge. Such commissions can at times be as much as 25-30% of the first payments on policies. Under the proposed new rules, the Insurance Regulatory & Development Authority (Irda) has sought to restrict the expenses that an insurance company can charge on premiums, correcting a decadesold practice of big commissions paid to distributors that have bee .. 

These mostly go under the radar and are only discovered, for instance, at the time of early surrender of a policy, experts said. The regulator has also proposed the scrapping of upfront commissions that some insurance companies pay distributors such as banks, which could put a question mark on such tieups. 

ET has reviewed a note by the regulator announcing the new rules that are yet to be notified. The move by the regulator will help reduce mis-selling of policies. "This will bring in transparency and discourage forced selling of insurance products," said SB Mathur, former chairman of the state-owned Life Insurance Corp. of India ( LIC). IRDA  has proposed a policy for the allocation of expenses for various segments. It said that no insurer should spend more than an aggregate 10% of all first year premiums and 4% of all renewal premiums on policies granting deferred annuities for more than one premium; 5% of premiums received during the year on single-premium annuity products and 1/20th of 1% of the average of the total sums assured by policies excluding single-premium policies. 

The proposed rule changes may lead to some immediate pain but will have a beneficial effect in the long term, said an executive. "In the short term, it will put pressure on insurance companies to cut costs by innovation, digitisation, reducing customer acquisition costs and reducing turnaround time," said a compliance officer at a large life insurance company."If the overall expense of companies comes down, it will benefit both policyholders and shareholders." The insurance regulator has sought to ban advance payments to intermediaries or distributors as part of the new expense management norms. 

"No upfront payments whether direct or indirect is allowed in respect of current and future business volumes to insurance intermediaries," Irda said. "No payment to insurance intermediaries can be made in advance before the risk start date of any policy-whether retail or corporate." Such upfront commissions are generally part of corporate agency partnerships, where insurance companies get into a long-term tieup with banks. Insurers find selling products through bank branches attractive as it's a low-cost model and provides access to an existing customer base. 

According to media reports, AIA paid Citibank $800 million as part of an Asia deal to distribute products of the Hong Kong-based insurer in 11 markets including India in 2013. Prudential is said to have paid $1.2 billion in fees in installments over three years to Standard Chartered Bank for a 15-year tieup. In India,Citibank sells products of Tata AIA Life Insurance while Standard Chartered sells ICICI Prudential Life Insurance products. 

Similarly, Max Life Insurance gave Axis Bank BSE 1.11 % a 4% stake for a 10-year strategic distribution partnership. Also, MetLife is understood to have signed up Punjab National Bank with a hefty upfront commission. Insurers and banks were not immediately reachable for comment. 

Courtesy..ET

IRDA favours hike in third-party insurance assessment limit

Hundreds of insurance surveyors are staring at the spectre of losing their livelihood following a proposal by the regulator to increase the threshold for assessment of losses in claims. If accepted, insurance companies will be able to settle claims of up to Rs 50,000 for cars and Rs 1 lakh for property without engaging surveyors. 

At a meeting in Hyderabad with the chief executive officers of insurance companies, Insurance Regulatory & Development Authority of India (IRDAI) was aid to have suggested raising the level of claims that would require surveyors to assess losses. 

"The proposal is to increase the limit for surveyors to Rs 50,000 in case of motor and to Rs 1 lakh for fire and property," said a CEO who attended the meeting. The average claim in motor insurance cases is Rs 30,000 for personal vehicles and Rs 50,000 for commercial vehicles. There are about 11,000 licensed surveyors in India. In the case of motor insurance, surveyors charge Rs 75010,000 plus expenses. Fees for the survey in a fire insurance claim start at Rs 1,500. For fire claims exceeding Rs 5 crore, surveyors charge Rs 1.29 lakh plus expenses. 

"Almost half of the surveyors will go out of business if the limits are raised as is being suggested," said S Anoop Kumar, an independent surveyor based in Hyderabad. "Policyholders stand to lose out as companies will use their in-house surveyors who will work for them rather than for the insured." 

During the floods in Jammu & Kashmir and Uttarakhand, the regulator had increased the threshold for third-party assessment to Rs 50,000. 

...Courtesy ET

Merger of Four PSGI Companies into a single Corporation.

From: V K Tandon <vktandon@orientalinsurance.co.in>
Date: Thu, Jul 16, 2015 at 4:58 PM
Subject: HOLDING OF STATTE LEVEL CONVENTION UNDER THE BANNER OF JTFU AT MUMBAI ON 17TH JULY-2015
To: Sujit Bagchi <sujitbagchi56@gmail.com>, pradeepdharamthok@yahoo.com, Salil Balan <salil.balan@newindia.co.in>

Dear Sh. Dharamthok Ji,

 Please refer to mail of Sh. Sujit Bagchi, Gen.Secretary, NFGIE on above mentioned subject.

I am also of the firm opinion that issue of Merger of Four PSGI Companies into a single Corporation, was never discussed in the meeting of Ist July-2015. Only three issues 1. Resumption of Wage Revision Negotiations 2. One more Pension Option and 3. Revision of Promotion Policy were finalised to be taken by Joint Forum of Trade Unions/Associations in Public Sector General Insurance and Joint Action Agitational Programme was finalised only on these 3 issues.

Organising a State Level Convention under the banner of JTFU in PSGI for the issue which is controversial in nature and NFGIE is always against this, is totally unjustified.

Regards,

V.K.TANDON

ORG.SECRETARY

NFGIE

From: Sujit Bagchi

Sent: Thursday, July 16, 2015 3:23 PM

To: pradeep.dharamthok@orientalinsurance.co.in ,, pradeepdharamthok@yahoo.com ; vktandon@orientalinsurance.co.in; Salil Balan

Dear  Mr. Dharamthok,

I am extremely  surprised to know  that under the banner of Joint Forum of Trade Unions/ Associations in Public Sector General Insurance,   a state level convention is being organised in Mumbai on  17th July, 2015 exclusively on the issue of Merger of Four PSGI Companies into a single Corporation.  I  like to point out that JFTU in its present  form  planned on Ist July 2015 at Delhi with 3 specific demands, namely Resumption of wage Negotiation at GIPSA level , One more option for pension and Revision of Promotion policy. The demand for single Corporation was specifically out of agenda.  I hereby express my strong resentment utilizing the name of JFTU departing from the agreed conclusion of 1st July, 2015 meeting at New Delhi.

Needless to add , that you are at liberty to held any convention on the subject but by not using the name of JFTU in  its present form. 

SUJIT BAGCHI

JOINT FORUM OF TRADE UNIONS and ASSOCITIONS of PSGI Companies -DEMANDS DAY 29th July, 2015

JOINT FORUM OF TRADE UNIONS and ASSOCITIONS of PSGI Companies

Dear Comrades,                                                                                Date: 02.07.2015

Every one of you aware after the second round of talks held at Hyderabad on 3^rd March, 2015, there were no official communication or invitation from GIPSA on the impending wage revision and One more option for Pension under 1995 Scheme. In second round of talks, when we were offered 15% increase on wage bill, all the unions in one voice asked for improvement in the offer.  GIPSA assured to take up the matter further with Central Government and further informed we will be called immediately after settlement take place in Banking Industry.  In spite of settlements reached in Banking industry a month back, GIPSA has not kept up its promise.  

On our demand of Promotion Policy Amendments, GIPSA has concluded the same with some amendments after a discussion with Officers’ Association.  Still there are aberrations which need correction and further improvement.  In the case of Class III and IV employees in the meeting held on 27^th November, 2013, nearly one and half years back GIPSA assured to call us shortly with draft promotion policy.  Since then two exercises are over, but GIPSA is inactive on this issue.  Likewise there is a threat of job security to Development Officers. In the name non-performers, they are being sent out of the company.

All the Unions / Associations individually and jointly expressed their concern over the issue and demanded immediate negotiation on wage revision including PLLI, One more option for Pension under 1995 Pension Scheme, Implementation of New Pension Scheme (NPS) prospectively and Amendments / Improvements to Promotion Policy.  As no positive reaction is forthcoming from GIPSA, the representatives of all Trade Unions and Associations met yesterday, the 1^st July, 2015, at New Delhi to discuss and decide the course of action to make GIPSA and Government of India, to understand urgency of the situation and to call us for meaningful discussion.  After threadbare discussion Joint Forum decided to give following course of action to realize our demands:

            8^th July, 2015               -           Lunch hour Demonstration at all Centers

            15^th July, 2015             -           Lunch hour Demonstration at all Centers

            22^nd July, 2015            -           Lunch hour Demonstration at all Centers

            29^th July, 2015             -           Badge wearing

                                                            Submission of Memorandum to Office-in-charge

                                                            Lunch hour Demonstration at all Centers

            5^th August 2015          -           Dharna at Head Offices and Regional Centers

We call upon the employees and officers to implement the programme in toto and make them grand success.

We are hopeful GIPSA will understand the anger and expectations of the employees and invite us for discussion immediately.  Otherwise, Joint Forum has decided to meet again and chalk out future course of action including Strike.

With greetings,

Yours Comradely,

........

JFTU of PSGI Companies DEMANDS DAY 29th July, 2015          We demand ·         Immediate settlement of Wage Revision ·         One more option for Pension under 1995 Scheme ·         Amendments / Improvements to Promotion Policy   Joint Forum of Trade Unions / Associations of PSGI Companies

Shri. ________________________________,                                                                              July 29, 2015

Chairman-cum-Managing Director,

New India / National / Oriental / United India

Head Office, ___________________.

Dear Sir,

We the Employees and Officers of Public Sector General Insurance Industry, working in ______________________ Micro Office / Branch Office / Divisional Office / Regional Office / Head Office of ________________ Company, would like to submit our demands of Wage Revision is long pending, One more option for Pension under 1995 scheme has not been given with since last wage revision and Amendments / Improvements to Promotion Policy is overdue.  In spite of repeated appeals by our Trade Unions / Associations, GIPSA has not invited us for further discussion over these demands. 

Employees get agitated and frustrated over the non-care attitude of GIPSA.  Hence, we urge upon you, being One of the GIPSA Member Companies, to suitably take up with GIPSA and ask them to invite us for immediate discussion over the long pending issues to sort out amicably. 

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PROMOTIONAL EXERCISE - 2015

10^TH July, 2015

The General Manager (P)                                                                     The New India Assurance Co. Ltd.

Head Office.

Mumbai

  

 Dear Sir,

  

This is in  reference to the Promotion Exercise 2015 for promotion to the Cadre of Scale I  issued by CORP.- HRM under reference : Corp/HRM/PROM/CL. III-IV /SNN/2015  dt 3^rd. July -2015. In this  respect   we have came across  circulars of other 3 PSGI  companies  on the same subject- matter for the current year  where in there is some  relaxations  in regard to ELIGIBILITY CRITERIA  as stated in the point No.4 &  5  of   the Circular of National Insurance CO. Ltd.

  We are sending as attachment circular of 3 PSGI Companies  on this subject for your perusal. This point should be clearly stated in the New India Assurance Co’s  circular also.  Trust , you will go through the said circulars and immediately take necessary step to effect  similar changes in Promotional Exercise 2015 and inform all concerned  accordingly. As this is very sensitive matter and considering urgency your early action is very much solicited.

 Please find attachment of other 3 PSGI companies on the same issue.

  

Thanking You,

Yours faithfully,

 Sd/- xx xx xx,

SUJIT  BAGCHI

GENERAL SECRETARY

NFGIE

COMPASSIONATE APPOINTMENTS

10.07.2015

To

The Chairman cum Managing Director

The New India Assurance Co.Ltd.

The New India Assurance Building

87,M.G.Road, Fort

Mumbai - 400001

 Dear Sir

  I am drawing your kind attention to the two issues concerning the well- being of the employees which need your immediate intervention.  The issue of Implementation of Company’s scheme of Appointment on Compassionate Ground. I am at much pain to point out that though the Circular in this regard has been published In November 2014 still not a single case of Compassionate Ground Appointment has been cleared. It may be stated that many cases from all over India are pending and applicants are passing very hard pressed days.  I request your immediate intervention   in this matter.

The other issue which requires your intervention is clearance of all pending application for Transfer on Spouse ground from all over the country. It is very disheartening that applications for transfer on Spouse Ground are being kept pending and in spite of repeated persuasion at the   Corporate H.R. level, no result is forthcoming.

We await your personal intervention in the above mention matters.

Thanking you

Yours faithfully

 Sd/- xx xx xx,

(SUJIT BAGCHI)

GENERAL SECRETARY

NGIE

AGITATION FOR EARLY WAGE SETTLEMENT TO EMPLOYEES' OF GIPSA COMPANIES - BY JOINT FORUM -2015

DATE: 08.07.2015

Sri Sujit Bagchi
General Secretary
NFGIE

Dear Sir,

As per Call given by you under JAC, today we have conducted lunch hour demonstrations at United Insurance Regional Office, Hyderabad as well as New India Assurance, Vijayawada under AP State.   Our State Working President and Organising Secretary of NFGIE, Mr. P S Bajpai addressed the gathering and  reiterate the need of agitation to get good wage pack and also pension option.  The response is very very good and participants from our New India is very high. 

A Joint memorandum signed by all the General Secretaries.

This is for your information.

टी. ग़ोपाला कृष्णा 
T.Gopala Krishna
General Secretary

Amendments in Promotion Policy for Class III & IV - SUGGESTIONS RECEIEIVED FROM GICEU-SOUTHERN ZONE

THE FOLLOWING SUGGESTIONS HAVE BEEN FORWARDED TO GENEL. SECRETARY, NFGIE AND SECRETAY IN-CHARGES FOR CLASS-I, III & IV AT HO, MUMBAI TO DISCUSS WITH HO MANAGEMENT & GIPSA:

With the announcement of 13.1 & 13.2 vacancies the Promotion excercise for Class III & IV employees has started.  At this juncture, the employee centred proactive changes in the promotion policy for Class III & IV employees are imminent and ought to be applicable for this exercise itself.  Even though all the trade unions are discussing the same, the changes we seek are yet to be implemented.  The recent letter of our Gen. Secy. on this aspect is to be mentioned.  

1) First and foremost, the confusion on recognising a course like MBA secured thro' Open Universities created last year should not find a place in this exercise.  The rules for recognising Graduation obtained thro' Open Universities without passing 10+2 model or M.A. obtained thro' Open Universities without passing 10+2+3 model are to be clearly spelt without any ambiguity.

2) The eligibility % of marks for Class I employees are 35% only (31.5% for SC/ST employees) for passing the promotion examination whereas it is 50% marks in individual subjects and aggregate 60% marks for Genl. category employees (40% & 50% respectively in the case of SC/ST employees).  Why this disparity?  A uniform criteria should be the order of the day. 

3) As in the case of Class I employees, contingency list should be reintroduced.  Reserve list may also be introduced.

4) As in the case of Sub-staff, Driver, RCs, RUNNING SCALE for Assistants and Senior Assistants ought to be implemented.

5) One time promotion for Assistants:  The eligibility criteria should be changed as 20 yrs. of service and 50 yrs. of age. Furthermore, there should be a fitment benefit of at least one increment on promotion to employees in the stagnation levels by suitably changing the fitment formula.

6) There should be no limit for the number of attempts in 13.2 examination.  Furthermore, once an employee passed the 13.2 examination there should be no necessity for further appearance if the employee wishes. 

Kindly take up the matter with our HO so that the amendments are given effect from this promotion exercise.

Wage Revision and Pension Option – Programme of Agitation

JOINT FORUM OF UNIONS and ASSOCIATIONS of PSGI Companies

                                                                                                  Date: 06.07.2015

To

All Officers and Employees of PSGI Companies,

Dear Comrades/Friends,

Re: Wage Revision and Pension Option – Programme of Agitation

As you are aware after the third round of talks held at Hyderabad on 3^rd March, 2015, there is no communication / invitation from GIPSA on the impending Wage Revision and One more Option for Pension under 1995 Scheme.  In third round of talks, all the unions in one voice asked for further improvement in the offer of 15% increase on Wage Bill.  GIPSA assured us to take up the matter with Central Government and to call us immediately. But we still await any communication from GIPSA on Wage Negotiation.

On Promotion Policy Amendments, GIPSA has made certain amendments in the Promotion Policy for Officers some of which have been implemented arbitrarily which need correction and further improvement.  In the case of Class III and IV employees two rounds of discussions took place i.e. 27^th November, 2013 and 8^th August, 2014.   Since then, two exercises are over, but GIPSA has not done anything on this issue.  Likewise there is a threat on job security to Development Officers as in the name of non-performers, they are being sent out of the company.

All the Unions / Associations individually and jointly have time and again expressed their concern over these issues and demanded immediate negotiation on wage revision including PLIS, One more Option for Pension under 1995 Pension Scheme and Amendments / Improvements to Promotion Policy. The representatives of all Trade Unions and Associations in PSGI industry met on 1^st July, 2015, at New Delhi to take stock of the situation and finalise future course of action to make GIPSA and Government of India to understand the urgency of the issues and call us for meaningful discussions.  After threadbare discussion Joint Forum decided to give following course of action to put pressure on GIPSA and Central Govt. in order to realise our demands:

            8^th July, 2015               -           Lunch hour Demonstration at all Centers

            15^th July, 2015             -           Lunch hour Demonstration at all Centers

            22^nd July, 2015            -           Lunch hour Demonstration at all Centers

            29^th July, 2015             -           Badge wearing,  Submission of Memorandum to Office-in-                                                                  charge,  Lunch hour Demonstration at all Centers

            5^th August 2015          -           Dharna at Head Offices and Regional Centers

  

We call upon the employees and officers to implement the programme in toto and make it a grand success.

  

We are sure that GIPSA will understand the anger and expectations of the employees/officers and invite us for discussion immediately.  In case GIPSA does not take favourable steps, we shall have no option but to intensify our agitation which shall be finalized in the next meeting. 

With greetings,

                                                            Yours Comradely,

    (P.Dharamthok)         (Samar Jit Banerjee)        (Sujit Bagchi)               (K.V.V.S.N.Raju)

General Secretary          General Secretary       General Secretary                    Secretary

       GIEAIA                       GIOAIA                        NFGIE               Standing Committee(GI)

                                                                                                                           AIIEA         

  

 (Rajib Bannerjee)               (S.Balan)             (Girish Khurana)              (Mohan Kumar)   

General Secretary        General Secretary       General Secretary           General Secretary

        NICOA                      NIAOA                       OICOA                            UIIOA

                                                (Sharad Jadhav)          (S.Vasudevan)          (                     )

 Secretary General                         President            General Secretary     General Secretary

       NCGIOA                                 BVKS                    AIGIFWA                   GIDOA