Amendments in Promotion Policy for Officers

Dear Friends,
We are pleased to inform that National Insurance Company adopted the amended promotion policy within Class I its board meeting 331 vide Ref.HO:Pers:MPL.Dept.F002/2011 dated 17th June, 2001. The board of the company has approved  two amendments in the promotion policy for officers with immediate effect for implementation from 2011-12 exercises. These amendments are as under:

1.Extended Eligibility of Officers qualifying in Written Test: In response to representation received from various quarters, the Board has agreed to provide for including an Officer, who has qualified in the written test under promotional process for a particular year, in the promotional process for next two promotional exercises for the set of promotions determined under clause (b)of Para 14.2 of the promotion policy.

2.Fast track Promotions:Not withstanding anything conained in this policy, starting from the promotional exercise for the year 2011-12,for promotion of officers upto scale IV in the company, there shall be, in addition to the already existing channle (to be referred to as the Normal Channel)of promotionsunder thispolicy, another channel of promotions, to be known as "Fast TrackChannel"with the following provisions:

a)20%(fractin 0.5 and above being taken as 1)of vacancies as determined under para 6 of the policy for a financial year for promotionto scale II, Scale III and Scale IV in the company shall be earmarked for being filled up through Fast Tract Channel, the remaining vacancies being available for the Normal Channel

b)To be eligible to participate inthe Fast Track Channel, an Officer should have completed minimum three years of continuous service from the date of selectionto the existingcadre,as on 31st March of the year prescribed for the purpose of para 8.2 from time to time, besides possessing the qualification of;

Associate of Insurance Institute of India or equivalent for promotion to scale-II or Scale- III, and

Fellow of Insurance Institute of India or equivalent for promotion to scale-IV.

Provided however,for the promotional exercise for the years 2011-12 and 2012-13,to beeligible to paricipate in the Fast Tract Channel, an officer should have completed miimum four yearsof continuous serice from the date of selection to the existing cadre, as on 31 March of the year.

d)An Officer eligible to participate inthe Fast Track channel of Promotions and desirous of the same shall have to apply for it against a notice to be published by the company for this purpose.

e)An officer applying for the fast Track channel of promotions ahall be required to appear in the writtentest and secure a minimum of 60 (54 SC/ST)or more marks .

f) Scheme of Weightage:
WrittenTest Scale I to II: 40; Scale II to III: 40;  Scale III to IV: 40
Qualification                  5                        5                         Nil
Work Record                40                       40                         40
Interview                    15                       15                         20

Written Test :Forevery marksecured in the written test, a score of 0.40 in the scheme of weightage shall be alloted. For example, for a score of 60 in the written test,the officer shall be alloted 24 marks out of 40 in the above shcame of weightage.

Scale I&II officers possessing the qualification of Fellow shall be alloted 5 marks

The work record shall be assessed through the annual CRs as per the annual performance

Only two attempts shall be allowed for promotion to a particular cadre under the Fast Tract Channel, which shall be counted within the over all 3 attempts

For more information, please wait for official cirucular of New India, which is being approved by the New India Board meeting.

 M. HANUMANTHA RAO                T GOPALA KRISHNA                           President                                     General Secretary

PROMOTIONS WITH IN CLASS-1 CADRE - 2011 - SOME FLASH INFORMATION

DEAR FRIENDS,

WE HAVE RECEIVED THE FOLLOWING INFORMATION THROUGH RELIABLE SOURCE FROM GIPSA.

1.VACANCIES APPROVED BY BOARD - ONE MORE BATCH LIKELY TO BE CONSIDERED IN EACH SCALE.

2.WRITTEN EXAM MARKS WILL BE CARRIED FORWARD FOR NEXT TWO YEARS.

3. FAST TRACK PROMOTION IN CURRENT EXERCISE.

4. GIPSA EXAM TENTATIVELY IN THE LAST WEEK OF  JULY, 2011.

More details in regard to revised guidelines for promotional exercise viz., eligibility crieteria etc.,  will be published within a weeks time. 

WITH REGARDS,

 

M. HANUMANTHA RAO     T. GOPALA KRISHNA

                   PRESIDENT               GENERAL SECRETARY              

MERGERS IN GENERAL INSUANCE

DEAR VIEWERS,

Geneal Insurance companies intending to go for amalgamations are likely to be subjeted to an independent valuaion by the regulator.

In a Gazette notification of Scheme for Amalgamaion and Transfer of General Insurance Business Regulations - 2011, Mr. J.Hari Narayan, Chairman, IRDA said an independent actuarial valuation of value of transacting parties would be done.

The encompassing assets, liabilities and solvency position of the Companies involved could be done by the IRDA "at any time prior to granting final approval to the proposed scheme", he said.

Giving primacy to the protection of policyholders' interest, the IRDA said that after the grant of in-principle approval of the amalgamation scheme, the copies of the proposed scheme should be kept open for inspection by the policyholders' at the registered / corporate office besides uploading them on their respective web sites.

"Such inspetion and access to the documents should be kept open unill the complete implementation of the sheme," the notification said.

NOTICE OF INTENTION:

Every application for merger should be preceded by a notice of the intention to make an application at least one month before the actual date o appliaion.

This should be accompanied by a draft of the agreement for amalgamation and transfer of business, balance shees of each of the Insurer involved, finanial condition report, repot on the scheme by an independent actuary and a note on how policyholders' interest would be protected, among others.

At present, there are 24 players in the General Insurance segment.  Of this, Reliance General Insurance  and Royal Sundaram had already applied to the IRDA for MERGER.

"However, they will now havae o apply to us again in line with the notified scheme," Mr Hari Narayan told Business Line.

COUTESY: Business Line-10-06-2011

----- EDITOR 

PROMOTION RESULTS DECLARED FROM CLASS-3 TO CLASS-1:: FOR SOUTH ZONE

DEAR FRIENDS,

AT LAST, TODAY LATE EVENING THE NEW INDIA ASSUANCE HO MANAGEMENT HAS DECLARAED THE FINAL RESULTS OF SUCCESSFUL CANDIDATES FROM CLASS-3 TO CLASS-1 CADRE FOR SOUTH ZONE. THE FOLLOWING CANDIDATES HAVE BEEN ELEVATED TO CLASS-1 OFFICER CADRE UNDER HYDERABAD AND VISAKHAPATNAM REGIONS.

HYDEABAD REGION:

PARA: 13.1
1. M. Srinivasulu -  SC on own  Merit
2. Sailaja R Murthy
3. J. Raghuram
4. J. Krupakar - SC
PARA 13.2 :
1. U. Anantha Krishna-
2.K. Jayapal - SC on own merit
3. P. Dharma Raj
4. V. Srinivasulu
5.P. Vijayalakshmi -SC on own merit
6. P. Manjula
7. P. Powlayya - SC on own merrit
8. P. Ranga Babu
9. A. Swamy Naik - ST

VISAKHAPATNAM  REGION:

PARA: 13.1
1. K. Srinivasa Rao
2. U. Raghu - SC
PARA: 13.2
1.SNS Pavan Kumar
2. Rajeswara Murthy
3. M. Srinivas
4. V.N.V.Satyanarayana
5. PSRVSV Sasty
6. Malyadri -SC on own merit
7. G. Appala Raju - SC on own merit
8. V. Rama Rao

Detailed circular follows. The  GIC Employees' Union is expressing its hearty congratulating to all the promotee colleague members. Postings will be done only upon sending the recommendations to The Promoting Authority at Head Office by respective Regional In-charges.

With Warm Greetings,

M. HANUMANTHA RAO                T. GOPALA KRISHNA

                      PRESIDENT                          GENERAL SECRETARY          

NEWS UPDATION

DEAR FRIENDS/VIEWERS,

As we have been receiving en-number of telephone calls from various quarters, we furnish here under the latest position in respect of 1) Promotions under Para 13.1 & 13.2 (South Zone), 2) Announcing the Senioity Lists for all cadres in Class-1  &  Declaration of promotional vacancies for Class-1 for 2011.

The appex body "NFGIE" is vigourously following up the all these matters with New India Management at HO. Mumbai and  All India  General Secretary, Mr.Vasanth H Khade has just informed the latest position at HO.

1. DECLARATION OF RESULTS UNDER PARA 13.1 & 13.2 SOUTH ZONE:

Actually results are expected to be declared today (26-5-2011) late evening  by the Management. Understood that due to certain technicalities it may take one more day or Two. Believe that the Management  is making every effort to complete the exercise on or before 31st MAY, 2011. Let us be positive, friends.

2. In regard to the seniority lists, are still under updation and taking a final shape at HRM/HO.  The declaration of pomotional vacancies for all cadres with in the Class-1, will take place simultaneously on completion of seniority list by 01st June, 2011.  

This is for your information.

With Warm Greetings,

......EDITOR

PROMOTION RESULTS FROM CLASS-3 TO CLASS-1:: FOR SOUTH ZONE

Dear Friends,

We learnt from the reliable sources that the long awaited results in respect of promotions from Class-3 cadre to Class-1 (para 13.1 & 13.2) are being announced late evening of today or early hours of 26-05-2011 by New India Management.

Also undestand that all the promoted candidates are to be reported likely on or or before 31-05-2011 at the place of posting given to them and understand that seniority will be protected.

Awaiting further detailed cirular in this regard, for more clarity  /confirmation from the management. 

In advance GICEU-AP, Congratulating all the promotee colleague friends, and Wishing all the Best and every success in their new assignments in the promoted cadre.

WITH WARM GREETINGS,

M. HANUMANTHA RAO                T. GOPALAKRISHNA

        PRESIDENT                          GENERAL SECRETARY

Primer: Tax saving with 80C

Dear Viwers,

To encourage savings, the government gives tax breaks on certain financial products under Section 80C of the Income Tax Act. The section helps you save taxes on investments up to 1 lakh - if you are in the highest tax bracket of 30%, you can save Rs 30,000 in taxes. Here are the options available under the section:

PF & VPF: Provident Fund (PF) is deducted from your salary. Your employer also contributes to it. While the employer's contribution is exempt from tax, your contribution is counted as investment under Section 80C. You can also contribute additional amounts to Voluntary PF (VPF). The EPFO has announced a 9.5% rate of return on deposits for 2010-2011. Also, the interest earned on the investments is tax-free.

Public Provident Fund (PPF): A PPF account can be opened with a nationalised bank or a post office. The rate of interest earned is 8%, which is tax-free, and the maturity period is 15 years. The minimum required contribution is Rs 500 per year and the maximum allowed is Rs 70,000.

.....EDITOR

GOVT. ALLOWS TAX EXEMPTION ON 9.5% INTEREST ON PROVIDENT FUND FOR 2010-11

DEAR VIEWRS,

Giving relief to 4.71 crore subscribers of EPFO, the government has allowed tax exemption on the 9.5% interest income on PF deposits for 2010-11. The finance ministry notification last week raises the income tax exemption to 9.5% interest income from 8.5%. The decision clears the air for the EPFO's subscribers who were given increased interest rate by one percentage point for 2010-11, but the finance ministry had not matched the interest hike with a commensurate tax exemption.

In the absence of the commensurate income tax exemption, the subscribers were earning higher returns even as it was liable to income tax.

EPFO had decided to provide 9.5% interest rate on PF deposits for 2010-11 after which it was endorsed by the finance ministry in March this year.

In 2001, finance ministry had allowed tax exemption on interest income of up to 12% on PF deposits. This exemption prevailed till August 31,2010.

In August last year, finance ministry had notified tax exemption of upto 8.5% tax on interest income on PF deposits from September 1, 2010, onwards which now stands superseded.

EPFO had decided to pay 9.5% rate of return for 2010-11 after it found a surplus of Rs 1,731 crore. But the rate was stagnant at 8.5% for five years since 2005-06.

EPFO had also maintained interest rate of 9.5% for three consecutive fiscals from 2002-03. The rate of return was 11 and 11.25 percent in 2000-01 and 2001-02 respectively.

The interest income was even higher at 12% 10 years during 1989-90 to 1999-2000.

..... EDITOR

CORPORATE NEWS UPDATES

DEAR FRIENDS,

WE ARE PLEASED TO FURNISH HERE THE FOLLOWING INFORMATION,  RECEIVED FROM OUR APEX BODY NATIONAL FEDERATION, MUMBAI FOR FAVOUR OF ALL CONCERNED, WHICH WAS ALREADY SENT THROUGH "SMS" AND / OR TELEPHONICALLY TO ALL UNIT IN-CHARGES.

1) Leave Travel Subsidy Eligibility has been increased from 2000 Kms each way to 3000 Kms by New India Board, with effect from 11th May, 2011. The employees  who have not availed LTS blocks as per present eligibility, may avail now.

2) The New India Management has duly appoved the long awaited conversion of all Part Time Sweepers to Full Time Sweepers.

3) The written examination in respect of promotions with in the Class-I cadres (Scale -I to II to III to IV to V) will be likely held on 19th/26th June, 2011 at all Metro centres. Exact date will be known only after finalisation of scalewise seniority list by HRM/HO and declaration of vacancies for class-1 cadres for the current year promotional exercise.

4) Further,it is understood that promotions in respet of Class-II (Development Officers) i.e. from Grade-II to Grade-I; Enhancement of Leave encashment period on retirement ( 240 days to 300 days); Enhancement of Vehicle Loan to Class-III & IV employees (from Rs.25,000/- to Rs.50,000/-) and other non-core benefit matters will likely come up in the ensuing Board meetings of New India.

With warm Greetings,

Yours-in-service,

                   M. HANUMANTHA RAO       T. GOPALA KRISHNA

                        PRESIDENT                GENERAL SECRETARY

Retirement Age to 62 - Central Cabinet Sub Committee likely to Approve

DEAR FRIENDS,

 

Retirement Age of Central Government Employees.

 

The retirement age of Central Government employees is likely to raise to 62 years.

The decision in this regard may be taken by the Central Cabinet Sub Committee this week.

More News will follow..
Posted by bINu Friday, May 6, 2011
.... EDITOR

"" Just a thought for the National Anthem ''"

Dear Viewers/ Friends,

Someone needs to check this out

'Jana Gana Mana' - Just a thought for the National Anthem! How well do you know it?

Our national anthem, 'Jana Gana Mana', is sung throughout the country. Did you know the following about it? I didn't. I have always wondered who is the 'Adhinayak'and 'Bharat Bhagya Vidhata', whose praise we are singing.

I have always thought it might be To begin with, Jana Gana Mana, was written by Rabindranath Tagore in honor of King George V and the Queen of England when they visited India in 1919.

To honour their visit, Pandit Motilal Nehru had five stanzas included that are in praise of the King and Queen. (And most of us think it is in praise of our great motherland.)

In the original Bengali verses only those provinces that were under British rule, i.e., Punjab, Sindh, Gujarat , Maratha, were mentioned. None of the princely states, which are integral parts of India now, such as Kashmir, Rajasthan, Andhra, Mysore and Kerala, were recognized.

Neither the Indian Ocean nor the Arabian Sea were included because they were directly under Portuguese rule at that time. Jana Gana Mana implies that King George V is the lord of the masses and Bharata Bhagya Vidhata, or 'the bestower of good fortune'.

Here is a translation of the five stanzas that glorify the King.

Stanza 1: The (Indian) people wake up remembering your good name and ask for your blessings and they sing your glories (Tava shubha name jaage; tava shubha aashish maage, gaaye tava jaya gaatha)

Stanza 2: Around your throne, people of all religions come and give their love and anxiously wait to hear your kind words.

Stanza 3: Praise to the King for being the charioteer, for leading the ancient travellers beyond misery.

Stanza 4: Drowned in deep ignorance and suffering, this poverty stricken, unconscious country? Waiting for the wink of your eye and our mother's (the Queen's) true protection.

Stanza 5: In your compassionate plans, the sleeping Bharat (India) will wake up. We bow down to your feet, O Queen, and glory to Rajeshwara (the King).

This whole poem does not indicate any love for the Motherland, but depicts a bleak picture of it. When you sing Jana Gana Mana, whom are you glorifying? Certainly not the Motherland. Is it God? The poem does not indicate that. It is time now to understand the original purpose and the implication of this, rather than blindly sing as has been done the past 60 years.

May be we should shift to Vande Mataram or Saare Jahan Se Achcha, which are far better compositions in praise of India.

Please don't break the chain -- let's see how many people get to know about this.

> BE PROUD TO BE AN INDIAN   >  BHARAT MAA KI JAI HO !

....... EDITOR

NEW INDIA WILLING TO SACRIFICE TOP LINE GROWTH FOR PROFITABILITY

Dear Viewers,
BUSINESS LINE PUBLISHED NEW INDIA CMD'S INTERVIEW - PLEASE READ AND INFORM OTHERS
 Expects 35% growth in premium income in 2010-11


Chennai, April 25:

New India Assurance expects its profitability in 2010-11 to take a hit due to provisioning for losses from motor pool, wages and pension contributions. The company posted a net loss of Rs 90 crore for the nine months ending December 31, 2010.

Mr M. Ramadoss, Chairman and Managing Director, New India Assurance, told Business Line, that provisioning for pension contribution is estimated at Rs 500 crore and another Rs 600 crore would have to be set aside to absorb the losses from motor pool.

The premiums for third party motor insurance on cars, trucks and buses were recently hiked by the insurance regulator. Premiums were raised in relation to claims of vehicles.

Premiums on cars were increased by 10 per cent, for trucks and buses they went up by 70 per cent. A minimum hike of 80 per cent on premium for trucks is being sought . Even this he felt was inadequate to absorb the losses arising from claims of third party on motor accidents.

Mr Ramadoss pointed out that insurers had to make nearly 153 per cent provisioning to cover the losses from motor third party. Public insurers have to bear greater share of third party losses because they insure 60 per cent of the market. (The motor pool losses are apportioned to various companies in proportion to their market share in the non-life insurance business.)

Premium Income

New India Assurance expects to close financial year 2010-11 with a premium income of about Rs 8,250 crore, reporting a growth of 35 per cent from the previous year. It is the largest insurance company in terms of premium income. New India Assurance is willing to sacrifice top-line (premium income) to grow its profitability.

The loss ratio in insuring companies for various risks (group insurance) is high. Therefore the public insurer has made a conscious decision to reduce its exposure to this segment.

Therefore New India Assurance is focusing on growing its premium income from insuring the valuables and health of individuals than corporates.

High-claims

“We decline to renew group insurance where the claims ratio is high,” he said. With insurers free to fix the premiums, they are undercutting themselves to offer the lowest premium to cover various risks of companies.

Mr Ramadoss, said, “Providing group insurance is not business but donation”. For every Re 1 earned as premium, the insurer paid out about Rs 1.20 or more as claims.

Nearly 15 per cent of the Rs 6,042 crore premium incomes in 2009-10 for the public insurer came from its overseas operations. Mr Ramadoss said it is more profitable to underwrite risk outside India.

....... EDITOR

NEWS UPDATE - "FLASH" "FLSAH"

All members/viewers,
PARA 13.2 -SOUTH ZONE

As per Chennai High Court directives, the HO Management has decided to call 14 candidates of Reserved Category employees for interview under 13.2(South Zone)will be conducted at Chennai on 16th May'11.  Hope management will release the final list  within two weeks after the interview process completed.

DA increased by 19 slabs w.e.f 1st May'11.

HRMS  IN CWISS (PORTAL)::

Employees can view their personal data like PF Balance/Outstanding Loan/Gratuity/Nomination/MBS/LTS etc through HRMS longin CWISS(Portal). At present all category employees given (including Sub-staff/RC/FTS ) User ID as their SRNO. and pass word is nia1234.

PTS TO FTS::

HO management released circular for up gradation of all Part-time sweepers as Full-Time sweepers for which collecting data from BO/DO where PTS are working. Please see that all the information should be submitted to concerned Regional Offices without any negative factors.

INCREASE IN LTS DISTANCE FROM 2000 Kms TO 3000 Kms:

We came to understand that United India Insurance Co. has issued circular in regard to the LTS by enhancing the kms. from 2000 to 3000 each way. Hope our NIA management may approve the same in next board meeting tentatively 11th May'11 as per our NFGIE GS message.

PROMOTIONAL INTERVIEWS WITH IN CLASS-1 FOR  2011:
Also,please note that the Officers in Chief Manager and above cadres, interviews will be held on 22nd May'11.

NEW OFFICE BEARERS FOR NFGIE AT MUBAI:

Our parent body NFGIE reconstituted its BGC meeting held at Hyderabad on 2nd and 3rd April'2011 under aegis of GICEU-AP for which around 150 delegates were attended from all India. Mr. Vasanth H Khade of HO Mumbai has unanimously elected as General Secretary and Mr.T K Satish, Ernakulam as Working President.

         M.Hanumantha Rao            P S Bajpai               T Gopala Krishna
                    PRESIDENT               W.PRESIDENT     GENERAL SECRETARY

AUIDT METHODOLOGY -THE PERFORMANCE AUDIT OF 4 PSUs FOR 2010-11 - A Finance Ministry Report

Dear Viewers,

For your study of the Finance Ministry's report on the above subject matter please CLIK on link provided.
with regards,

--EDITOR.
http://saiindia.gov.in/cag/sites/default/files/2010-11_10PA/chap5.pdf

GIC sets stringent rules for State-owned General Insurers

Dear Viewers,

"The following text is latest news item collection "

At a time when the government-owned general insurance companies are reeling under heavy underwriting losses, the General Insurance Corporation (GIC), fearing higher claims, has tightened the noose on these companies by offering lower reinsurance capacities, cutting commissions and putting in stringent underwriting conditions while renewing their contract. In some cases, the re-insurer has offered 50 per cent lower capacities than last year.

According to the Insurance Regulatory Development Authority (IRDA), GIC, being the designated reinsurer in the country, is required to reinsure 10 per cent of the total business written by the general insurance companies. There are also sectoral caps on how much risk general insurance companies can place with GIC for various lines of their business such as fire, industrial and marine risks, aviation, liability and machinery breakdown risks.

Public sector insurers place as much as 65-70 per cent of their risk with GIC, while private general insurance companies place around 60 per cent of their risk.

Global reinsurance companies such as Swiss Re, Lloyd’s, Munich Re, AIG and Asia Capital Re, are active players in India.

“Motor and health constitutes more than 64 per cent of the total general insurance business in India and both are loss making. The pricing does not reflect the risks, due to which the loss ratio is increasing in these companies. So, we have reduced our participation in the government-owned general insurance companies as our past experience hasn't been very good,” said a senior official at GIC.

This apart, GIC has put in place stringent underwriting conditions based on pricing practices and claims ratio while giving the support to these companies.

GIC is estimated to take a hit of around Rs 350 crore during 2010-11 on account of losses from the third party motor pool. The total losses in the third party motor pool is estimated to be around Rs 3,500 crore during 2010-11. As directive of the insurance regulator, GIC has to bear 10 per cent of the loss in the pool. GIC has also cut commissions paid to the insurance companies for the pass on their liability to the reinsurer.

“In addition, the profit commission, which we started last year as an incentive, has been rolled back in some cases,” the official said.

“Before offering its support, it a usual practice of GIC to evaluate the reinsurance portfolio. However, premiums in motor and health segments have gone down by 70-80 per cent than it used to be before detariffing, on account of stiff competition. There is a growing apprehension on the part of GIC that risks are being underwritten at very low rates. This has resulted in the conditional support,” said a reinsurance broker.

An official from the public sector general insurance companies admitted that GIC had been trying to put in some restrictive conditions while renewing the contracts.

“GIC is now looking at earlier claim history, pricing and risk management systems and the technology adopted before deciding on the extent of reinsurance support to be given. However, we have been able to get reasonable rates,” said an official at a state-owned general insurance company.

“In some cases, GIC has reduced the capacity they offered earlier specially on the inward reinsurance where companies reinsures a part of their huge risk with other insurance companies,” said another official from a public sector general insurance company.

 

-----EDITOR

QUESTIONS ON GENERAL AWARENESS FOR INSURANCE EXAMINATION-2011

DEAR FRIENDS,

A COLLECTION OF THE FOLLOWING GENERAL AWARENESS QUESTIONS WILL HELPS THE  EMPLOYEES, WHO ARE PREPARING FOR ENSUING COMPETETIVE  EXAMINATION-2011.

WITH BEST WISHES,

M. HANUMANTHA RAO          T. GOPALAKRISHNA

        PRESIDENT                GENERAL SECRETARY

REVISION IN MOTOR INSURANCE PREMIUM RATES FOR THIRD PARTY LIABILITY ONLY COVER - W.E.F. 25-04-2011

UPGRADATIONOF PTS TO FTS

Dear Friends,

We furnish hereunder the text of New India HO Circular for information and necessary follow-up at every Operating Office level and to comply with the requirements, immediately.

_________________________________________________________

CORP.HRM.CL.III/IV CELL :RG:2011                                                             Dt. April 08, 2011

All Regional Offices

Kind Attention: Regional Head

Re: Upgradation of PTS to FTS.

In view of the Office requirements and repeated demands from various quarters, the Management is actively considering and analyzing the issue.  In order to assess the exact requirment of the Office, we request you to suplly us the details of all PTS working in offices under your supervision. The details should include the business underwritten by the office, the strength of the office, including all Officerss and employees and also the available Sub-Staff, PTS and FTS.

To begin with, the aim will be to provide at least two Sub-staff/FTS/PTS to a DivisionalOffice and one sub-staff PTS/FTS to a Branch Office.  On the basis of the above requirement, if you have any clear vacancies and a PTS is available at the same centre, you may inform us the same immediately.  In case your requirement is more than two and one in  a DO - BO respectively, you may write to us detailing the necessity.  Further. we are also appending here an Appraisal Report of PTS, which needs to be filled for all PTS, so as to assess the suitability for conversion ito FTS cadre.  You are also requested to specifically fill the date of joining of the PTS against the column, as provided in the said Appraisal Report.

You may also write to us your observation, if any, you have tomake in this regard.

Sd/-

( ATUL SAHAI )

CHIEF MANAGER

Encl: As Stated.

-------------------------------------------------------------------------

THE NEW INDIA ASSURANCE COMPANY LIMITED, MUMBAI

                                                                                ANNEXURE "A"

Name of the P.T.S.: Mr. /Mrs.____________________________________

Father / Husband Name: ________________________________________

S.R. No. ____________ Category: (GEN/SC/ST/OBC): ________________
                                                         (HH/ OH/ VH: ________________

Date of birth: _________________________

Date of joining: ________________________

Educational & Other qualifications: ____________________

Whether any Vigillance/ Disciplinary action was ever taken against the

Employee* : ________________

*If yes, give details in brief in a separate sheet to be attached herewith.

LEAVE RECORD (for the past three years)

____________________________________________________________

Year   Casual Leave  Earned Leave  Sick Leave   LOP (period from & up to )

          Taken               Taken           Taken______________________

2008_________________________________________________________

2009_________________________________________________________

2010_________________________________________________________

CHARACTERISTICS

____________________________________________________________

Sl.No.   Charateristics       POOR  BELOW    AVERAGE   ABOVE    OUTSTANDING

 _____________________________AVERAGE_               AVERGAE_________________________

1. Courtesy towards straff____________________________________________________________

2. Courtsey towards public____________________________________________________________

3. Sense of discipline________________________________________________________________

4. Devotion to duty__________________________________________________________________

5. Trustworthiness__________________________________________________________________

6. General Assessment_______________________________________________________________

Signature of the Officer In-charge:________________________________

Name:________________________________________________________

Designation: __________________________________________________

D.O. / B.O.: ___________________________________________________

Their service particulars mentioned above are verified and found correct as per the documents available in Personal file.

                         R.O. IN-CHARGE:______________________

                        NAME: ______________________________

Place: ________________

Date: ________________

DR. B.R. AMBEDKAR's 120th BIRTHDAY (14-04-2011) - SALTUATIONS TO "BHARAT RATNA"

DEAR VIEWERS,

Let us pay whole hearted Salutations to Babasaheb Bhimrao Ambedkar  Saheb ko on his 120th Birth Day which fall on 14-04-2011. Friends, on this occasion let us remeber our "Bharata Ratna" the great personality and his life history in brief.

Dr B R Ambedkar, popularly known as Babasaheb Ambedkar, was one of the architects of the Indian Constitution. He was a well-known politician and an eminent jurist. Ambedkar's efforts to eradicate the social evils like untouchablity and caste restrictions were remarkable. The leader, throughout his life, fought for the rights of the dalits and other socially backward classes. Ambedkar was appointed as the nation's first Law Minister in the Cabinet of Jawaharlal Nehru. He was posthumously awarded the Bharat Ratna, India's highest civilian honor in 1990.

His Life

Bhimrao Ambedkar was born to Bhimabai Sakpal and Ramji on 14 April 1891 in Madhya Pradesh. He was the fourteenth child of his parents. Ambedkar;s father was a Subedar in the Indian Army and posted at Mhow cantonment, MP. After the retirement of his father in 1894, the family moved to satara. Shortly after, his mother passed away. Four years later, his father remarried and the family shifted to Bombay, where he cleared his matriculation in 1908. His father Bhimabai Sakpal died in Bombay, in 1912.

Ambedkar was a victim of caste discrimination. His parents hailed from the Hindu Mahar caste, which was viewed as "untouchable" by the upper class. Due to this, Ambedkar had to face severe discriminations from every corners of the society. a The discrimination and humiliation haunted Ambedkar even at the Army school, run by British government. Fearing social outcry, the teachers would segregate the students of lower class from that of Brahmins and other upper classes. The untouchable students were often asked by the teacher to sit outside the class. After shifting to Satara, he was admitted to a local school but the change of school did not change the fate of young Bhimrao. Discrimination followed wherever he went. In 1908, Ambedkar got the opportunity to study at the Elphinstone College. Besides clearing all the exams successfully Ambedkar also obtained a scholarship of twenty five rupees a month from the Gayakwad ruler of Baroda, Sahyaji Rao III. Political Science and Economics were the subjects in which he graduated from the Bombay University in 1912. Ambedkar decided to use the money for higher studies in the USA.

After coming back from the US, Ambedkar was appointed as the Defence secretary to the King of Baroda. Even, there also he had to face the humiliation for being an 'Untouchable'. With the help of the former Bombay Governor Lord Sydenham, Ambedkar obtained the job as a professor of political economy at the Sydenham College of Commerce and Economics in Bombay. In order to continue his further studies, in 1920 he went to England at his own expenses. There he was awarded honor of D.Sc by the London University. Ambedkar also spent few months at the University of Bonn, Germany, to study economics. On 8 June, 1927, he was awarded a Doctorate by the University of Columbia.

Dalit Movement

After returning to India, Bhimrao Ambedkar decided to fight against the caste discrimination that almost fragmented the nation. Ambedkar opined that there should be separate electoral system for the Untouchables and lower caste people. He also favored the concept of providing reservations for Dalits and other religious communities.

Ambedkar began to find ways to reach to the people and make them understand the drawbacks of the prevailing social evils. He launched a newspaper called "Mooknayaka" (leader of the silent). It was believed that, one day, after hearing his speech at a rally, Shahu IV, an influential ruler of Kolhapur dined with the leader. The incident also created a huge uproar in the socio-political arena of the country.

Political Career

In 1936, Ambedkar founded the Independent Labor Party. In the 1937 elections to the Central Legislative Assembly his party won 15 seats. Ambedkar oversaw the transformation of his political party into the All India Scheduled Castes Federation, although it performed poorly in the elections held in 1946 for the Constituent Assembly of India.

Ambedkar objected to the decision of Congress and Mahatma Gandhi to call the untouchable community as Harijans. He would say that even the members of untouchable community are same as the other members of the society. Ambedkar was appointed on the Defence Advisory Committee and the Viceroy's Executive Council as Minister for Labor. His reputation as a scholar led to his appointment as free India's first, Law Minister and chairman of the committee responsible to draft a constitution.

FRAMER OF CONSTITUTION :

Bhimrao Ambedkar was appointed as the chairman of the constitution drafting committee. He was also a noted scholar and eminent jurist. Ambedkar emphasized on the construction of a virtual bridge between the classes of the society. According to him, it would be difficult to maintain the unity of the country if the difference among the classes were not met.

Conversion to Buddhism

In 1950, Ambedkar traveled to Sri Lanka to attend a convention of Buddhist scholars and monks. After his return he decided to write a book on Buddhism and soon, converted himself to Buddhism. In his speeches, Ambedkar lambasted the Hindu rituals and caste division. Ambedkar founded the Bharatiya Bauddha Mahasabha In 1955. His book "The Buddha and His Dhamma" was published posthumously.

On October 14, 1956 Ambedkar organized a public ceremony to convert around five lakh of his supporters into Buddhism. Ambedkar traveled to Kathmandu to attend the Fourth World Buddhist Conference. He completed his final manuscript, "The Buddha or Karl Marx" on December 2, 1956.

Death

Since 1948, Ambedkar had been suffering from diabetes. He was bed-ridden from June to October in 1954 owing to clinical depression and failing eyesight. He had been increasingly embittered by political issues, which took a toll on his health. His health worsened as he furiously worked through 1955. Just three days after completing his final manuscript The Buddha and His Dhamma, it is said that Ambedkar died in his sleep on December 6, 1956 at his home in Delhi. A Buddhist-style cremation was organised for him at Chowpatty beach on December 7, attended by hundreds of thousands of supporters, activists and admirers. 

Ambedkar was survived by his second wife Savita Ambedkar and converted to Buddhism with him. His wife's name before marriage was Sharda Kabir. Savita Ambedkar died as a Buddhist in 2002. Ambedkar's grandson, Prakash Yaswant Ambedkar leads the Bharipa Bahujan Mahasangha and has served in both houses of the Indian Parliament.

A memorial for Ambedkar was established in his Delhi house at 26 Alipur Road. His birthdate april 14th is celebrated as a public holiday known as Ambedkar Jayanti or Bhim Jayanti in India. He was posthumously awarded India's highest civilian honour, the "Bharat Ratna" in 1990. Many public institutions are named in his honour, such as the Dr. Babasaheb Ambedkar Open University in Hyderabad, Andhra Pradesh, B. R. Ambedkar Bihar University, Muzaffarpur Dr.B.R.Ambedkar National Institute of Technology,Jalandhar the other being Dr. Babasaheb Ambedkar International Airport in Nagpur.

Friends, this a brief life history of Dr. B.R.Ambedkar. It is an end less and we can speaks and say volumes 'n' volumes about this great personality. Friends/Viewers, be an Indian let us all pay our whole hearted tributes to "Bharat Ratna Sri Baba Sahebji" and implement all his guidelines / ambitions in true letter and spirit and make our nation a Bright and Great INDIA in the days to come. 

 

JAI BHEEM! JAI HIND! JAI BHARAT!

 

...... EDITOR

COMPETETIVE EXAM FROM CLASS-3 TO CLASS-1 - UNDER PARA 13.2 - REVISED PATTERN

DEAR FRIENDS,

The Competetive examination pattern has been changed from the year 2011 onwards. The following are changes, the papers will be :

1) PAPER -1 : Department  Subjects - Objective Type - 1 Mark each  - Total : 100 marks.

2) Paper-2 : English & General Knowledge - 25 Marks for Subjective Type and 75 Marks for Objective Type questions respectively.

3) No Negetive Marks.

4) Pass Marks for General Category : 50 in any one paper & Aggregate : 120.

5) For SC/ST  Pass Mark: 40 in any one paper & Aggregate: 100 Marks.

The detailed circular follows.

With Warm Greetings,

M. HANUMANTHA RAO      T. GOPALAKRISHNA

    PRESIDENT                GENERAL SECRETARY

NOW, GENERAL INSURERS FACE HIGHER PROVISIONING ON MOTOR PORTFOLIO

DEAR VIEWERS,

IRDA demands an additional Rs.3,750/- Crores for the last FOUR years. General Insurance Companies, already reeling from price undercutting and poor Underwriting of risks, bnow face a further blow to their profits. They now have the burden of higherprovisioning for losses on their Motor portfolio - Specially on their Third Party Pool.

TP Motor Pool is a corpus of premiums transferred from all general insurance companies to meet the claims arising out of road accidents involving damage to life or limbof third parties, mainly caused by trucks. Currently this pool of premium is estimated at around Rs.3,500/- crores.  But this is running ata deficit because the losses are much higher. To plug this loss, the I.R.D.A. has asked insurers to make additional provisions of about Rs.3,750/- crores on account of the Motor Pool for the last four years.

The General Insurance Industry will suffer as a result of the provisioning because the liability of three years is being absorbed in the financials of 2010-11, a single year, said Mr. Rakesh Jain, Director Corporate Centre and Chief FuinancialOfficer, ICICI Lombardo.  The insurance regulator has asked insurers to make a provisioning of expected loss ratio of 153 Per Cent. This means, for every Rs.100 earned will have to payout Rs.153 as  claims.

RATING DOWNGRADE:

In its recent report, rating agency  Standard and Poor's has downgraded its outlook for the Indian General Insurance Industry to negative from stable due to poor underwriting of riskss following the dismantling of the tariff regime.

The financials of state owned companies seem to have turned from bad to worse for the nine months ending December 31, 2010, with the exception of United India Insurance.  The others THREE Insurers, National Insurance, New India Assurance and Orietnal Insurance, have posted a loss on their investment income.  For years, public players made profits only from their investment income and not fromtheir core business of Underwriting insurance.

Fourteen (14) private insurers reported Rs.782/- crores under writing losses for the nine months ending December 31, 2010. Mr. S.L. Mohan, General Secretary, Geneeral Insurance Council ( a self-regulatory body), said that the provisioning would impact the underwriting losses of general insurance companies. However, the extra provisioning will be made in the books (physical entry) of insurers and paid only when there are claims.

Dr. Amarnath Aananthanarayanan, CEO and Managing Director of the Two and Half year old Bharati Axa General Insurance, said provisioning to be made on account of motor pool would adversely impact the underrwriting losses of insurers.

"Bharati Axa General enjoys the last mover advantage and therefore, will not have to absorb the provisioning to a large extent" he said.

The standard and Poor's report said that underwriting performances are unlikely to improve significantly in the next 12 months, despite signs that prices are stabilising.  The overall industry remains profitable through investment income, but that can leave it vulnerable to investment market shocks.

---- EDITOR

.... SOURCE BUSINESLINE 08-04-2011

NEW INDIA ASSURANCE CONTINUING ITS SUPREMACY IN THE MARKET

DEAR VIEWERS,

ON BEHALF OF ALL OUR STATE UNITS OF GICEU ACROSS THE NATION & ON OBEHALF OF GICEU-AP  AND IT'S APPEX BODY NATIONAL FEDERATION OF GENERAL INSURANCE EMPLOYEES, WE EXPRESS OUR SINCERE THANKS TO ALL THE CLIENTELE OF NEW INDIA ASSURANCE FOR ENABLING IT TO CROSS GLOBAL PRMIUM OF Rs.8,600/- CRORES FOR THE YEAR 2010-11, OUT OF WHICH Rs.7,070/- CRORES FROM INDIAN MARKET,  THUS MAINTAINING ITS POSITION AS THE UNDISPUTED MARKET LEADER FOR THE LAST 30 YEARS.

ON THIS HISTORIC EVENT AND OCCASION, WE CONGRATULATE ALL FELLOW NEW INDIANS AT EVERY LEVEL AND AGENTS WHO STRIVED EVERY NERVE TO ACHIEVE THIS GOAL .

KHUDOS TO ALL CONCERNED, ONCE AGAIN.

WITH WARM GREETINGS,

M. HANUMANTHA RAO               T. GOPALA KRISHNA

       PRESIDENT                            GENERAL SECRETARY

CENSUS - INDIA AT A GLANCE - 2011

DEAR VIWERS,

--- EDITOR

NEW YEARS DAY GREETINGS - UGADI n GUDI PADWA, NAVREH, TAHIRI .. ETC.

DEAR VIEWERS,

THE GIC EMPLOYEES' UNION-AP IS WISHING THE PEOPLE OF VARIOUS STATES WHO ARE CELEBRATING TODAY NEW YEARS DAY - TODAY  VIZ.,

• The KASHMIRIS will be celebrating 'NAVREH".
• People from ANDHRA PRADESH & KARNATAKA call this new year UGADI and will begin it by offering a pachachadi (Chutney) made of Raw Managoe, Jaggery, New Tamrind, Banana and Leaf flower (neem) to God.
• MAHARASHTRIANS call it GUDI PADWA and erect a Gudi, Offer prayer to God and eat fresh neem leaf.
• In the hills, KUMAONIS celebrate culmionates nine days (Nava Vasanth) later on RAM NAVAMI
• SINDHIS prepare a speial dish this day called 'TAHIRI (Sweetened Rice) and visit Temple with that special Thal.

On this happy Occasion, we wish all the people a Happy and Prosperous New Year that brings every Happiness and cheers in every family through out the year.

WITH FESTIVE GRETINGS,

M. HANUMANTHA RAO         T. GOPALA KRISHNA

                                              PRESIDENT                GENERAL SECRETARY