LIAFI-SG/CO-150/12 ` 19 October 2012
Shri.
Hemant Bhargava , ED (Mktg)
Agency
Section, III RD Floor
Life
Insurance Corporation of India,
Central
Office, “Yogakshema”
Jeevan Beema
Marg,
MUMBAI-400
021
Dear Sir,
Sub: Review of Escalation Clause.
We noticed that a Circular Mktg./A/21 (R) dated 15/10/2012 was
released on the above subject. Though our email id is given we are yet to
receive a copy. While appreciating your concern to offer some relief on the
subject matter we are not at all happy at the relief given. None of the Club
Members throughout the country are happy.
We recall our meeting with you on 27-09-2012 for discussions on our
grievances and agitational programs. We emphasized the necessity of removing
escalation clause totally. From the discussions we hoped that this clause will
be removed in toto.
We fail to understand why the management is so prestigious about
removal of this clause which is opposed by all Club Members. We are opposing
this clause from its introduction. We
also informed you that removal of this clause will ease the pressure. We once
again request you to review and remove this clause. We hope you will issue another Circular on or
before 29-10-2012 on the day which we are meeting.
Thanking
you,
Sincerely
yours,
For Life insurance Agents’ Federation of India
Secretary General
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