Review of Escalation Clause., to Hemanthbhargav ED Mktg

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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