Staff Reporter

Seek support of MPs and political parties for Bill that will provide relief to them

MADURAI: Life Insurance Corporation of India agents have called upon the management to recognise their work and contribution to the organisation’s growth.

“Today, a sum of Rs. 8 lakh crore has been brought to the organisation by the efforts of 12 lakh agents across the country. Yet, till now we receive only nominal benefits and have no social security,” the all India vice-president of LIC Agents’ Organisation of India and Member of Parliament, A.V. Bellarmin, told journalists here on Friday.

Lauding the honouring of retired employees during the recent golden jubilee celebrations, he, however, expressed regret that agents were not recognised on the occasion.

National president of the organisation and Communist Party of India (Marxist) Member of Parliament Basudev Acharya would table a Private Member’s Bill in Parliament on April 18 which would provide relief to LIC agents.

Mr. Bellarmin said that it would bring agents under the unorganised sector and extend several benefits such as pension, scholarship for children, maternity benefits for women workers and compensation under various grounds.

“We have written to all MPs and political parties seeking support for the Bill. Demonstrations would be held on that day across the country.” The Bill also envisaged the creation of a welfare board for agents. The organisation called upon the Central Government not to increase the level of Foreign Direct Investment in LIC.

He said that the organisation must remain a public sector unit at all costs.

“The Union Government provides guarantee for the money deposited in the organisation, which is not extended to any other private player,” he said.

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