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LIC employees' wage hike proposal yet to get government approval

"It is under process and with the ministry. Whenever it happens, we will share with the employees," said a source in LIC

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In the case of LIC, all rules and regulations regarding employees are decided by the government, the source added

2 min read Last Updated : Apr 13 2021 | 6:10 AM IST

A revision in wages for more than 100,000 employees of Life Insurance Corporation (LIC) is yet to get a go-ahead from the Department of Financial Services (DFS).

However, sources said the approval from DFS may come any time and as soon as LIC gets the go-ahead, a wage revision package will be announced.

“It is under process and with the ministry. Whenever it happens, we will share with the employees,” said a source in LIC.

In the case of LIC, all rules and regulations regarding employees are decided by the government, the source added.

The employees had sought a basic raise of 35 per

Topics : Life Insurance Corporation Salary hike employees central government

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