Demand raised for merger of all 4 state-run general insurers

Mumbai, Mar 13 General Insurance Employees All India Association (GIEAIA) has raised the demand for merger of all the four state-run general insurance companies.

The four state-run general insurers include Oriental, United, National and New India.

A delegation called on union finance minister, Nirmala Sitharaman in New Delhi on March 12 and urged her to consider the merger of all the four state-run general insurance companies.

The delegation was led by D Raja, General Secretary, CPI and comprised GIEAIA team consisting of K Govindan, GS, Trilok Singh and Mahendar Sawant and other leaders of the union.

"We appealed to FM, instead of pursuing the proposal to privatise one of the PSGI Companies and to implement their earlier proposal of merger of not only three, but all four into single entity, which is the demand of GIEAIA since nationalisation," Singh told Bizz Buzz.

Further, we also said our offices spread over every nook and corner of the country and we are instrumental in executing all Welfare Schemes of the Government like Fasal Bima Yojana and the latest one Ayushman Bharat and we can reach out to the common man, he added.

While explaining the FM that it will be the normal practice to call GIEAIA for wage negotiation simultaneously whenever it was held in case of Banks and LIC. But, except preliminary discussion, no other meeting was held and no financial offer is made though we are due for the same since August01, 2017, he informed.

The delegation, in its interaction with the FM, also pointed out that still few employees who are absorbed from LPA and TAC, have not been given with second option of pension and requested her to consider the same. After patiently hearing them, the FM said she will look into issues positively.