Employees of Life Insurance Corporation (LIC) of India are hoping to initiate talks for a hike in wages even as negotiations for wage revision of employees of public sector banks have been started.
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To this effect, the All India National Life Insurance Employees’ Federation has written to Finance Minister Nirmala Sitharaman requesting her to initiate speedy action on wage revision of LIC employees.
“The month of August 2022 marked the due date for the wage revision, and in adherence to this timeline, all unions of LIC of India duly submitted their comprehensive charter of demands. However, to our consternation, there has been no overture from the management thus far, signaling.
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a willingness to engage in discussions regarding the imperative matter of wage revision,” said Rajesh Nimbalkar, General Secretary, All India National Life Insurance Employees’ Federation in the letter.
