This is to bring to your kind concern that, the Senior Marketing Executive Scheme (SME) 2009 was introduced in Life Insurance Corporation of India (LICI) in 2009 and the only batch of 100 odd SME’s were recruited through all India level written test followed by group discussion, interview and medical in March 2010. The SME have been recruited to boost the four Alternate Marketing Channels, viz –Chief Life Insurance Advisor (CLIA), Bancassurance & Alternate Channel (B&AC), P&GS, Direct Marketing. They have been recruited for a term of three years with the option to get an extension of two similar terms of 3 years each (i.e. for 9 years).
The SME’s have come from different industrial experiences and LICI started the concept with the good intention of recruiting the human resources available in the market so as to be able to provide competitive service comparable to that provided by the Private Insurance Players. But since inception there has been a lot of politics over their recruitment. These SME’s were recruited as equivalent to Branch Manager Cadre of LICI.
We are having grievances ----
No increment of Salary as mentioned in Clause 8 of the Engagement Letter since joining. Two annual increments due. We have applied for increment but no decision has been taken. LICI is not honouring the very “SME Scheme 2009”. ‘Same Work Same Pay’ principle is not followed - Permanent employees doing the same work in the different alternate channels get 74 p.c. DA as on date. We don’t get any DA. This DA component should be brought in for SME’s.
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Basic pay cannot remain fixed at Rs.20,000/-. It has to increase every year at a specified rate, otherwise how can we apply for other PSU jobs..? Permanent employees basic increase every year.
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We are talked of as 6 Lacs employees, but our salary in effect is Rs. 35,000/- p.m. or Rs. 4.20 Lacs p.a. The balance Rs. 1.80 Lacs is Variable Pay, which we have to earn by way of fulfilling certain sales criteria. All of us do not earn this whole amount also. Most of the SMEs have never earned any variable pay. We are thus underpaid.
- LIC deducts Rs.4,000/- p.m. from this 35,000/- & shows Rs.2,000/- as employers contribution. LIC deducts Gratuity of Rs. 965/- from our salary which is again not as per Law. Gratuity is payable only after 5 years. What if an SME quits after 3/4 years. SMEs who have left or terminated have only been paid 2000/- out of this deduction of Rs. 4965/-. How can a company which is a largest ‘Social Security Provider’ in this country to crores of citizens, do this discrimination to a section of its own employees-the SMEs?
Now kindly help us that what could we do ? Will send all the relevent documents.
