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Good news! LIC employees to get over 25% salary hike, 5-day work week

Around 1 14 lakh LIC employees to get over 25% hike in their salaries

Around 1.14 lakh LIC employees to get over 25% hike in their salaries IANSApr 16, 2021, 09:27 IST IANS Life Insurance Corporation of India ( LIC) on a happy note with over 25 per cent hike in their pay packets, said a top union leader. The Central government on Thursday notified the revised pay packets for LIC employees. Advertisement The employees are happy with the wage revision that has come at a difficult situation. The pay hike for the employees is expected to be over 25 per cent per month, Shreekant Mishra, General Secretary, All India Insurance Employees Association (AIIEA) told IANS. He said a loading of 15 per cent has been given after 100 per cent neutralization of dearness allowance (DA) at 6,352 points of consumer price index (CPI).

LIC employees to get over 25% wage hike, says insurance corp union leader

Read more about LIC employees to get over 25% wage hike, says insurance corp union leader on Business Standard. The new fiscal year 2020-21 has started on a happy note for LIC employees as they are set to get over 25% hike in their pay packets, said a top union leader

LIC employees to get over 25% wage hike

LIC employees to get over 25% wage hike ​ By IANS | ​ 4 Views   Life Insurance Corporation of India building, New Delhi. (File Photo: IANS). Image Source: IANS News Chennai, April 16 : The new fiscal year 2020-21 has started for about 1.14 lakh employees of Life Insurance Corporation of India (LIC) on a happy note with over 25 per cent hike in their pay packets, said a top union leader. The Central government on Thursday notified the revised pay packets for LIC employees. The wage revision is effective from 1.8.2017. The employees are happy with the wage revision that has come at a difficult situation. The pay hike for the employees is expected to be over 25 per cent per month, Shreekant Mishra, General Secretary, All India Insurance Employees Association (AIIEA) told IANS.

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