Thursday, November 4, 2010

LIC employees PLLI cleared, Festival Allowance hiked.

PLLI-3%, Festival Advance-20000 declared

1. PLLI @ 3% OF PRE-REVISED INDIVIDUAL ANNUAL PAY AS ON Aug 2007 APPROVED.
2. Festival Advance increased to maximum of 20000 for Class I, others maximum 17000.
3. How to calculate PLLI:
Take your August 2007 8asic+DA(before wage-revision). E.g. If your August 2007 8asic=12000 & DA= 3000 then 15000 multiply by 12 into 3%=5400.
Source : National Organization of Insurance Officers
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