Monday, 16 June 2014

Letter addressed to LIC CHAIRMAN by our LIAFI General Secretary.

LIAFI-SG/CO-047/14                                                                                                      14 June 2014

Shri. S.K. Roy,

Chairman, L.I.C. of India, Central Office,

“Yogakshema”, Jeevan Bima Marg,

P.B. NO-19953,

MUMBAI-400 021


Dear Sir,


Sub: Introduction of New Products-Reg.


The Agents are finding it difficult to market the existing limited products. We have to put a sad face when customers querying for Child and other products. The Agents are being pressurized to market the existing products, of which, only two or three products are popular.


We don’t hesitate to squarely blame the Management for this situation. It is the short sightedness of the Management which caused this type embarrassment to the field force. You are aware that all the old policies were being closed by 30-09-2013. A grace period of three months is given and all these were closed on 31-12-2013. In spite of awareness of this situation the Management has not taken care to submit and get the approval from IRDA. Almost three months had passed in the current financial year and the doormat situation continues.        


We request you to initiate all possible steps to get the new useful products introduced at least from

1st July 2014.


Thanking you,

Sincerely yours,

For Life Insurance Agents Federation of India


Secretary General

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