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.
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".
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