Compensatory Job in Life Insurance Corporation of India

each in every company, GOVT  officials  workers, having separate rules and regulation, so they act as per rules and regulation.

Sheik Sahab,

I know thats why i am asking about L.I.C. rules and regulation.

Few people says that u definitely get a job, where as few says its not under policy. These things creating confusion and unnecessary problem in my as well as my mother's mind.

Please advise?

hey! i am from kolkata,i have a issue,my father worked in union bank of India for 30+ yrs then died in 2011(8th feb)at the age of 57,3yrs before retirement,in our family he was the only breadwinner,there are four dependant of out family,my grandmother(80),mother(50),brother(24),elder sister(marriageable age25)and me(23),my brother only works in a private company salary.8000/month.so,any one of our family is eligible for a compensatory job in the bank,in 2009 September my father felt some health problem then applied for leave for medical checkup,but due work pressure of year ending he was denied.my father continued with his illness ,and then in feb 2010 sadly diagnosed with stomach cancer and then died in 2011 feb,due high expenditure of treatment we are now in financial crisis,in spite of our situation bank decided not to giving compensatory job to any one of our family members,and they want us to sign in a bond paper giving rs.8,00000(8Lkh)in lieu of compensatory appointment.and all the amount of the education loans of my sister n brother,they want to deduct it from my fathers gratuity,just giving us merely 4-5 lkhs in our hand.I think Bank is ruthlessly behaving with us and trying to avoid their responsibilities.Plz.. help me what should i do.should we sign the bond paper or will file a legal action. here is my e-mail id - tarun7001@gmail.com