LIC Wage Revision 2020 - Union Demands for Automatic Promotion Policy

PROMOTION POLICY in LIC WAGE REVISION 2020: There should be an overall review of the present promotion policy. The promotion policy should be transparent and subjective factors should be eliminated. 

An employee with 20 years of service and 50 years of age who has not received any promotion shall be automatically placed in the next higher scale. 

FITMENT ON PROMOTION 

There shall be a minimum fitment benefit of two increments in the promotional scale at the time of promotion. 

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Stagnation increment stage shall be considered as a stage for fitment on promotion.