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Govt approves wage and pension revision for PSU general insurance industry

Govt approves wage and pension revision for PSU general insurance industry

by AIP Online Bureau | Jan 23, 2026 | Indian News, Non-Life, Policy

The wage revision for the employees of PSGICs will be effective from 01.08.2022. The overall hike in wage bill shall be 12.41% with an increase of 14% on existing Basic pay and Dearness allowance. A total of 43,247 PSGIC employees will benefit from this revision. The...
Govt set to finalise 14% wage hike for PSU general insurance companies

Govt set to finalise 14% wage hike for PSU general insurance companies

by AIP Online Bureau | Sep 26, 2025 | Indian News, Non-Life, Policy

Something that will cheer the employees is that all their arrears since August, 2022, when the salary revision is due, will be credited to all eligible employees in October 2025 New Delhi: The government has managed to prevail upon 35,000 workforce of PSU general...

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