NEWS FROM CHQ

ONE RANK ONE PENSION:

DON'T HAVE ANY ILLUSION

30/06

THE MOUNTAIN DELIVERED A MOUSE !!!

It is like the 3000 years old story told by AESOP which said that "Then, slowly, and with hardly a whisper of sound... out of the huge cleft in the mountain peak there slowly emerged... a tiny little mouse."

"As ex-servicemen steadfastly press for the implementation of One Rank One Pension (OROP), top Ministry of Defence (MoD) sources have said that the main reason behind the delay is not funds, but the minuscule increase that jawans may get if OROP is implemented in its present form. Sources said that the concern within the government is that the jawans may get an increase of just about “few hundred” rupees per month — a raise that may not justify the decade long OROP agitation." ...Media report

A VERY SPECIAL FUNCTION 

29/06

A VERY SPECIAL AND NOVEL FUNCTION BY ERNAKULAM SSA

UNIT OF AIBSNLPWA.

Shri. P. Raman, aged 94 is the senior most member of our Association in the Ernakulam SSA ,residing at Kumily- a hill station in the revenue District of Idukki. Shri. Raman became a family pensioner, on the sad demise of his unmarried son T. R. Mohanan Telecom Mechanic, Kumily on 30th March 2008.Our Circle Association took up the case of sanction of Family pension to Shri. Raman, with the CCA .An amount of more than Rupees four lakhs was sanctioned to him as pensionary benefits which was a surprise to the family folks and the rustic men alike . On 17th December 2014, the Pensioners' Day, the Ernakulam District Association had honoured our members above 80 years of age . But Shri. Raman could not travel such a long distance of about 200 Kms from Kumily to Ernakulam. Hence a team of more than 15 of our Association headed by Circle Secretary R.N.Pada Nair and Thodupuzha Branch secretary P.P.Velayudhan, including E. Madaswamy and Lalu from Kumily visited Shri. Raman's house. His three daughters and their family members, neighbours and well wishers gave a warm welcome to the visitors . Circle Secretary R. N. Padanair addressed the gathering and felicitated Shri. Raman. A memento arranged by the District Association was also presented to him. It was really a pleasant occasion and a previllege to the Association to felicitate the 94 year old veteran .

VARISTHA BIMA YOJANA FOR SENIOR CITIZENS

29/06

We have received a Write up from a friend in LIC about the new Pensions Scheme introduced for the senior citizens.

It is given below for the information of our viewers interested in the matter:

Varishta Pension Bima Yojana is an attractive pension scheme announced by the Govt.of India

for the welfare of the senior citizens of the country with LIC as the exclusive administrator.

Features:1.

One time Premium (Purchase price) &Immediate Annuity payable Yearly/Half yearly/Quarterly/Monthly.

2.Annuity starts as early as from the next month if the mode of annuity is monthly. Annuity amount is guaranteed throughout the life time.

3..Return of the purchase price (Amount invested) to the nominee/legal heirs on death of the pensioner.3.Pension payable by NEFT/ECS to pensioner’s bank account directly.

4.Eligibility : 60 years & above (No upper limit)

5.Surrender allowed in exceptional circumstances like critical illness treatment. Surrender value will be 98% (within 15 years).After 15 years no surrender charges.

6.Loan facility available after 3 years. Maximum loan available 75% of the amount.

7.Minimum Single Premium starts from 66,665 and maximum Premium allowed is Rs 6,66,665.(Per family).Premium can be paid in multiples of Re1/-.

SCHEME CLOSES ON 14TH AUGUST,2015.

Annuity payable under different modes for a single premium for Rs 1 lac is

:Monthly :Rs 750

Quarterly: Rs 2267

Half yearly:Rs 4585

Yearly: 9380

For more details,Please contact :Sreekumar.V.K,Dy.Manager,LICDirect,Divisionaloffice,M.G.Road,Ernakulam.Phone : 0484 2374023 / 9497406532 / 98950 43632Email :dm.ernakulam@licindia.com.Website: www.licindia.in