Female PSU insurance staff may get transfers of their choice

Image
Press Trust of India New Delhi
Last Updated : Oct 26 2014 | 11:15 AM IST
Women employees of public sector insurance companies will soon be entitled to get posting at a place of their choice.
The Finance Ministry has asked the all public sector insurance companies, including LIC, to formulate women- friendly transfer policies so that they can get transfers at places where their husbands are working or parents are living.
LIC, GIC and five public sector general insurance companies are advised to frame a policy on posting or transfer with approval of board, a circular said.
The circular, sent to heads of the public companies, says that policies be framed in such way so as to minimise "hardship" of women employees.
"...It has been decided to accommodate as far as possible transfer or posting of a married female employee, on her request, at a place where husband is stationed or as near as possible to that place or vice versa," it said.
Similarly, unmarried women should be considered for posting or transfer at a place where her parents are stationed or as nearer to their home.
While giving directions to insurance companies, the Department said it has come to its notice that female employees, both married and unmarried, "when place/ transfered away from their husband or parents...To distant locations face a genuine hardship or develop a feeling of insecurity".
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 26 2014 | 11:15 AM IST

Next Story