LIC staff seek hike in tune with profit growth
Functioning of LIC offices across the State was affected on Thursday due to the strike by employees demanding improved offer in the wage revision due from August 1, 2007.
Employees of the LIC in the twin cities gathered in front of the Divisional Office near the Secretariat. Speaking at the protest meet, general secretary of All India Insurance Employees’ Association alleged apathy on part of the management in implementation of wage revision. The wage revision should be in proportion to the growth of the institution. They threatened to intensify stir if the management failed to offer improved wage revision soon.
Strike hits work at LIC offices, claims AIIEA
LIC employees today went on a day-long strike in the country demanding an early and fair wage revision.The strike was called by All India Insurance Employees' Association (AIIEA) and other unions.AIIEA President Amanulla Khan claimed in a release the strike evoked good response and the work in LIC was paralysed with staff members in over 2,500 branch offices keepig off work.''The strike was total in all major cities. Mumbai, Delhi, Hyderabad, Bangalore, Chennai, Kolkata, Kanpur and Patna observed complete strike, he claimed.''The employees held rallies in front of all offices of LIC across the country,'' Mr Khan claimed.The AIIEA had demanded 40 per cent wage increase. Even after two years, no serious efforts had been made by the government in this direction.Since the last wage revision, LIC had improved its performance with three-fold jump in premium collection. But the government was not heeding to the just demands of the employees, he claimed.

One-day strike by LIC employees
Employees of JAC of Life Insurance Corporation of India Karimnagar division participated in a one-day strike demanding wage revision at the division office here on Thursday. The Insurance Corporation Employees union general secretary K. Venugopal and BMS general secretary Madishetty Gopal and others participated in the meeting and demanded that the government take up wage revision immediately in view of profits being earned by the LIC.