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1. National Organisation of Insurance Pensioners is the only pensioners' organisation registered under the Indian Trade Union Act, 1926....

Saturday, October 7, 2023

NOIP Circular No 30

NATIONAL ORGANISATION OF INSURANCE PENSIONERS

Regn No.PN 4769 (Regd under Indian T U Act, 1926)

(Affiliated to Bharateeya Mazdoor Sangh)

BMS Office, Vishwakarma Bhavan, 185, Shaniwar Peth, Pune 411030. 

 President: T.C. Gunesh Kumar Working President: Vilas V. Purkar General Secretary: Ashok J. Joshi

 Mob No: 9880683639 Mob No: 9922166599 Mob No: 9561084182 & 9945104570 

Date: 07-10-2023

Cir No 30/2023

Shri. Sat Pal Bhanoo ji,

Managing Director,

L I C of India, Central Office,

Yogakshema, MUMBAI

Dear Sir,

Re : Minimum Family Pension.

At the outset we thank you for Revision of Family Pension. But we feel honestly, that the 

existing Family Pensioners have been robbed of their rightful arrears, at least from 1/4/2021 

onwards.

Administrative Instructions were issued by E&OS department of Central Office, on 21-09-2023. 

In this circular, a Chart of Minimum Pension has been given, which resembles earlier 

APPENDIX V of our Pension Rules. The Notification has deleted the APPENDIX V of our 

Pension Rules wef 11-09-2023.

We find that the Notification states that the Family Pension should not be less than the Minimum 

family pension as determined by the Board from time to time. And the above referred circular in 

its chart gives Minimum Pension for Category 1, 2 & 3 Pensioners.

However, increase in Family Pension to 30% without corresponding increase in the Minimum 

Pension, does not seem to be technically correct. The following Chart will bring home the point 

that the Minimum Pension also needs an upper revision. Else, the Minimum Pension as per CO 

circular 21-09-2023 is redundant and loses its sheen.

Group to which the FP 

belongs to.

Stage III of Min 

Pension Chart

Min Pension Pay Re.1/- above 

Min Pay

Actual Family 

Pension.

Group 1 Above Rs.3,000/- Rs.600/- At Rs.3,001/- Rs.901/-

Group 2 Above Rs.5,740/- Rs.1150/- At Rs.5,741/- Rs.1,723/-

Group 3 Above Rs.8,700/- Rs.1740/- At Rs.8701/- Rs.2,611/-

Group 4 Above Rs.11,640/- Rs.2330/- At Rs.11,641/- Rs.3,493/-

Group 5 Above Rs.14,720/- Rs.2950/- At Rs.14,721/- Rs.4,417/-

Group 6 Above Rs.23,540/- Rs.4720/- At Rs.23,541/- Rs.7,063/-

Group 7 Above Rs.31,760/- Rs.6370/- At Rs.31,761/- Rs.9,529/-

Hence, NOIP demands to have a relook in to the Minimum Family Pension as prescribed in

CO/E&OS circular dtd.21-09-2023 and the Minimum Family Pension should be double the

existing rates as shown in Category 3 in the above Circular.

Hope for an early rectification of the same,

With kind regards,

Yours Sincerely,

General Secretary

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