letter to CAB agenda for 16th Dec 2010 Meeting with ... - oicoa

Regn. No. 2916/CNI
THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION
(Central Committee)
(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)
OICOA/CC/GS/2010/L/068
16 th December'2010
Shri C.A.Baskaran,
Secretary General,
Confed,
Chennai
Re.: Issues for Pension & Non-Core Revision
Dear Sir,
At the outset We would like to extend our warm greetings to you for arranging a Meeting
with Shri G.Srinivasan,Chairman, GIPSA on various matters on 16 th Dec'2010. We would like to
convey the issues to be taken up at the Meeting as due to some pre-occupation myself and
Shri Yadav are not able to attend the same. The issues are as under:
1. Change of Designation at par with banks – The change of Designation will not cost
anything and the officers shall not only get some moral boost up but also the social
status will be at par with bank officers. Right now Scale V officers are considered at
par with Scale IV of Banks as there Chief Managers are Scale IV and similarly Officers
down below. Hence it is requested that the designation of officers should be changed at
least at par with Banks which are as below:
1. . Scale I – Asst. Manager
2. Scale II – Dy. Manager
3. Scale III – Manager
4. Scale IV – Chief Manager
5. Scale V - AGM
2. Pension Issue
1. Another Option for Pension to all the officers as on 31 st March'2010
2. Request to change the effective date of new Pension Scheme in line with banks & LIC
3. The Basic Pension should be revised with every Wage Revision as in GOI
4. The previous Service in Govt./PSU should be counted for Pension purposes
3. Revision in Housing Loan Scheme – Housing Loan Scheme 2002 needs to be rationalised:
1. Limits to be done away, limits to be determined as per the repaying capacity
2. Spouse income to be included for determining the repaying capacity
3. All the Basic loan of 5% & supplementary loans at 7.5% to be rationalised flat at
6.5% which will not cost the companies anything extra since it is at par with the
ADD R E S S: web www.oicoa.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.com
Office: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002
Cell - 09871278625; LL 011-43659216 (Off) ; FAX – 23269087 (C/O DGM – IT)
Association Office: 2 nd Floor, Mittal Building, 4/12, Asaf Ali Road, New Delhi - 110002 Phone: 011-23268595

Regn. No. 2916/CNI
THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION
(Central Committee)
(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)
return on Govt. securities
4. 2 nd Loan to be allowed without any rider
4. Mediclaim to all Officers to be made available free of cost with Floater & Cashless
benefits. Cashless will render the employees/ Officers free involved in the processing
of mediclaim at HO/RO.
5. Domiciliary Mediclaim Revision should be from retrospective date i.e. 1 st August'2007
6. IAD Allowance should be from retrospective date i.e. 1 st August'2007
7. Actuarial Allowances to Officers to be introduced at par with LIC as promised at
Hydearbad
8. LTS Revision should include the following:
1. Air travel to be allowed to all the officers
2. In case Officer travels by any higher mode, the reimbursement should be pegged on
the Rajdhani 2AC/ 1AC fares as per the entitlement
3. Since 1AC fares are lesser than Air Fares, the same should be allowed in lieu of Air
Travel to all the officers in scale IV
4. LTS Packages available within the Economy fares by Air India to be allowed to the
Officers of Scale IV & above
5. LTS Packages available by IRCTC to be allowed to all the Officers
9. Conveyance Loan Scheme for officers on Administrative side at par with LIC
Conveyance Scheme of 2006(revised) - 4.40, 5.50 and 7.15 lakhs ex-factory(without any
tax). Tenure of Loan to be 5-8 years as per the choice of the Officer. In case GIPSa
Companies takes the excuse that they cannot take the further burden, the Enhanced
loan may be at a higher percentage say 6.5% which is at par with the return on GOI
securities and there will be no financial burden to the member companies, instead there
will be at par Interest income.
10. Categorization of Cities for HRA purposes – Ahmedabad, Hyderabad, Bangaluru & Pune
has now been categorized alongwith Delhi, Mumbai, Chennai & Kolkatta. In LIC all the
cities have population more than 45 Lacs has been clubbed in this category. In our case
also we should have all the cities with 45 + Lac population in this category.
11. Residential Lease Revision
1. The Lease rents needs an upward revision as the rents have outpaced our earlier
lease revision
2. Ahmedabad, Hyderabad, Bangaluru, Pune and all the Cities with the population of 45
Lac Plus should be categorized at par with Delhi, Mumbai, Chennai & Kolkatta for the
purpose of Lease limits
3. Lease to be allowed to all the Officers even if a house at the same station is owned
but not as per the entitlement
ADD R E S S: web www.oicoa.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.com
Office: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002
Cell - 09871278625; LL 011-43659216 (Off) ; FAX – 23269087 (C/O DGM – IT)
Association Office: 2 nd Floor, Mittal Building, 4/12, Asaf Ali Road, New Delhi - 110002 Phone: 011-23268595

Regn. No. 2916/CNI
THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION
(Central Committee)
(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)
4. Leasing of house owned by relatives/ blood relations should also be allowed as it does
not cost extra to the company
5. Self leasing to be introduced on the lines of other PSU such as PDIL etc.
12. Other Loans such as Study loan, Computer Loan, Durable article, furnishing etc.at 7%
interest to be introduced for all the officers, as the scheme shall earn interest to the
Company and there will not be any financial burden.
13. Festival Advance to be increased to One Manths Salary.
14. Hotel Staying charges to be increased
15. Transportation & Packing charges on Transfer to be revised on actual basis with a Tie up
with major movers & packers on all India basis – Payments to be made by the Company
16. Revision of Transfer Grant – to be three months salary in view of the high relocation costs
which ultimately has to be borne by the officers concerned. In case of Difficult areas and
Deficit areas, transfer grant to be Six Months Salary
17. Lunch Coupons – to be provided to all officers on the lines of LIC
18. Entertainment Allowances to all Officers on administration side
19. Petrol Expenses Reimbursement to all the officers on administration side
20.Existing telephone facility to officers be allowed on cell phone and expenses over Cell Phone
be reimbursed to all Officers and The limit of Telephone calls to be increased.
21. Cell phone Expenses to be reimbursed to all the officers. Extending this benefit will
ensure availability of all the officers on 24X7 basis not only to superiors & subordinates
but also to agents & clients and will definetly ensure better customer service & increased
productivity.
22. Existing Broad band reimbursement to be allowed on Data card.
23. Furnishing Grant to be provided to every officer every 4 years – RS 1 Lac
24. Minimum EL to be 5 days in place of the revised 6 days
25. Trade Union Leave to be sanctioned to Checked Off Associations/ Union
Thanking you,
Yours faithfully,
(VIVEK SAXENA)
GENERAL SECRETARY
ADD R E S S: web www.oicoa.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.com
Office: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002
Cell - 09871278625; LL 011-43659216 (Off) ; FAX – 23269087 (C/O DGM – IT)
Association Office: 2 nd Floor, Mittal Building, 4/12, Asaf Ali Road, New Delhi - 110002 Phone: 011-23268595