affiliated to the national confederation of general - oicoa

THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION(Central Committee)Regn. No. 2916/CNI(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)OICOA/CC/GS/2010/L/03831 st July'2010Dear Friends,This is further to our communique dated 26 th July'2010 informing all the Officers about thedevelopments of 7 th round and sought the views & feedback for the final round of wagenegotiation talks to be held on 4 th August'2010 at Hyderabad. GIPSA has called us for individualmeeting with eight delegates from our Association. Apart from the undersigned & the Shri S SYadav, President himself, the following young delegates (with a view to gain the experience inorder to handle next Wage Negotiations which shall be due in August'2012) have been nominatedto participate in the talks:1. Shri Subhasish Ganguli, AGS, from Kolkatta Unit2. Shri Surendra Kumar Majhi, Jt. Sec. - East , from Bhubaneshwar Unit3. Shri C.R. Nandakumar, AGS, from B'lore Unit4. Shri R.Sridhar, Regd. Office Secretary from Chennai Unit5. Shri Girish Khurana, Jt. Sec., from Pune Unit6. Shri B.K.Sinha, from Mumbai UnitWe have received good feedback from some quarters which we shall be discussing on 3 rdAugust'2010 at Confed, MC Meeting at Hyderabad and finally on 4 th August'2010 with GIPSA. Wehave structured our discussions as per the following plan:1. Core Pay Package consisting of1. Pay Scales1. Much Below than Sixth Pay Commission2. Much below than our Charter of Demands – RS. 25,000-75,0003. Automatic Progression to next Scale4. Expansion of the Existing scales by at least four stages2. Allowances1. Professional Qualifications – Actuary/ MBA/ CA/ CS/ MCA/ LLB/ B.Tech etc.2. Specialist Allowances such as Accounts/ Actuary/ IT/ Legal/ Hindi/ Investigator3. Revision of IAD/ Vigilance allowances with retrospective effect as promisedADDRESS: web www.oicoa.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.comOffice: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002Cell - 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

THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION(Central Committee)Regn. No. 2916/CNI(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)3. Revision of Physically Handicapped Allowances as per GOI4. Revision of LTS on the lines of LIC is welcome5. LTS by Air for all the Officers6. Tour eligibility to be by Air for all the Officers to save time for Organisational work7. Medical Benefits – Lump sum Domiciallary Reimbursement to be revised to one monthssalary2. Pension Issues1. Another Option to be provided to all the Officers not having the Pension2. Existing Pension Scheme to be revised to effect the Wage revision everytime3. Own Pension fund to be created & Managed on the lines of banks4. Alternatively the Fund Manager to be Selected on the basis of a tender involvingRegistered PF & Pension Fund Managers3. Non-Core without significant Financial burden1. Change of Designation1. Chief Manager – AGM2. Manager – Chief Manager3. Dy. Manager – Senior Manager4. Asst. Manager – Manager5. Admin. Officer – Deputy Manager2. Change of Leave rules1. 1 /2 day CL as in GOI & Banks, LIC2. Minimum EL to be One day as in GOI3. Non inclusion of intervening Saturday/ Sunday / Holiday between CL4. No need to take additional 15 days Leave on encashment5. Compensatory Leave in lieu of working on Saturday/ Sunday/ Holiday6. Child Adoption Leave of Six Months7. Child Care Leave of two years to Lady Officers8. Paid Study Leave of three yearsADDRESS: web www.oicoa.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.comOffice: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002Cell - 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

THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION(Central Committee)Regn. No. 2916/CNI(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)3. Vehicle Loan on Administration side to be enhanced1. Scale I & II – RS. 3 Lacs2. Scale III – Rs. 4 Lacs3. Scale IV – Rs. 5 Lacs4. Cost of Vehicle on Marketing Side1. EC I/C – RS. 3 Lacs2. BM – RS. 4 Lacs3. SBM/DM – Rs. 5 Lacs4. SDM – RS. 6 Lacs5. Chief Manager – RS. 7 Lacs6. DGM – RS. 8 Lacs7. GM – RS. 10 Lacs8. CMD – RS. 12 Lacs5. Housing Loan to be enhanced as per the Market conditions upto 40 Lacs depending upon1. Designation2. Salary (Other Income to be included for calculation of Eligibility)3. Repaying Capacity4. Second Loan to be allowed keeping in view the Family requirements & status6. Festival Advance to be One Months Salary7. Computer Loan of Rs. 50,000 Thousand8. Self Leasing Facility – All Officers to be allowed Self Lease Facility on their house9. e-mail facility to each employee in his/ her name10. Access to Association/ Union Website & related web sites from the Intranet4. Non-Core with Financial Impact1. Revision of Daily Halting Allowance in accordance with the inflation2. Hotel Accommodation charges for tours3. Transportation & Packing charges on Transfer to be revised on actual basis with a Tieup with major movers & packers on all India basis – Payments to be made by the CompanyADDRESS: web www.oicoa.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.comOffice: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002Cell - 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

THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION(Central Committee)Regn. No. 2916/CNI(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)4. Transfer Grant Revision – to be three months salary in view of the high relocation costswhich ultimately has to be borne by the officers concerned. In case of Difficult areasand Deficit areas, transfer grant to be Six Months Salary5. Free Unlimited Mediclaim with Cashless facility to be extended to all the officers on thelines of Railways/ Airlines who provides free travel passes to their Officers & theirkins. This cashless system will save various offices of the Mediclaim processing workloadand the CDA/ Vigilance cases shall also be reduced on accounts of this.6. Lunch Coupons – to be provided to all officers7. Entertainment Allowances to all Officers even on administration side as per thefollowing -1. Scale I – Rs. 3002. Scale II – RS. 4003. Scale III – RS. 5004. Scale IV – Rs. 10005. Scale V & above - Unlimited8. Petrol Expenses Reiumbursement to all the officers on administration side1. Scale I – 40 Litres2. Scale II – 50 Litre3. Scale III – 60 Litres4. Scale IV – 70 Litres9. Tuition Fee Reimbursement – Rs. 1000/- per child10. Cell phone expenses Reimbursement to all Officers11. Data card expenses Reimbursement to all the officers –1. Scale I & II – RS. 600/-2. Scale III – RS. 750/-3. Scale IV – RS 1000/-4. Scale V & above – Unlimited12. Furnishing Grant to be provided every 4 years – RS 1 Lac13. Petrol Expenses reimbursement to AO/AM on development side to be at leastcommensurate with their targets & to be in proportions with the Development Officers.ADDRESS: web www.oicoa.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.comOffice: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002Cell - 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

THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION(Central Committee)Regn. No. 2916/CNI(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)As per the Offer made on 26 th July'2010, the pay scales offered are subject to OrganisationalAgenda and Ministry's approval. We have made our stand very clear on organisational Agenda thatwe are not averse to discuss the same but the same should not be tagged to Wage Revision.Moreover the Organisational Agenda should be more specific in order to facilitate furtherdiscussions. We wish to include the following in the Organisational Agenda:1. Vision Document 2015 & 20202. Roadmap ahead for the Industry3. Corporate Governance adherence Policy4. Report of Business Process Re engineering exercise recently done by BCG/PWC5. Estate Policy having a clear direction of purchase of Property for Offices & Residential intime bound manner6. Institution of In-House TPA as demanded since 2003. Direct Rate contract with Hospitals& major Path Labs across the country7. A separate outfit to handle IT across the industry in order to handle IT more effectively8. A separate Pension Fund Managing outfit to manage our own funds of Pension on the lines ofPF Trust9. Clear cut Human Resource Policy for the Industry10. Diversification of the Industry in other fields such as banking, Fund Managers etc.11. Full Fledged Recognition of the Associations/ Unions to have a more meaningful dialogue &to have Bipartite settlement on various vital Issueswe have tried to incorporate all the inputs received to us by various quarters. In case of anysuggestions, please send the same to the undersigned immediately so that we may take up thesame.Thanking you,Yours faithfully,(VIVEK SAXENA)GENERAL SECRETARYADDRESS: web www.oicoa.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.comOffice: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002Cell - 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