L.I.C. of India, Central Office,
“Yogakshema”, Jeevan Bima Marg,
P.B. NO-19953, MUMBAI-400021
25 February 2016
Through Branch Manager ___________ Branch
Sub: Opposing introduction of Online Business for LIC Products.
We draw your kind attention to the statement regarding availability of New Products in the online version and offering lower rates of premium. Ever since your statement appeared in press on 01-02-2016 we are spending sleepless nights, and are scared about our future. We feel this decision is to destabilize Agency Force.
We request you not to go ahead with this idea. In addition to this many issues like increase in Bonus, implementing IRDA Commission rates, increasing Gratuity, removal of Escalation Clause, introducing 2nd Housing Loan, etc., are not settled. In order to express our dissatisfaction we are demonstrating in front of our Branch today. We are prepared to participate in large numbers to demonstrate at Central Office on 25-03-2016 as per the Call of LIAFI.
Please understand our feelings and do the needful.