Greetings to you.
It has now become my duty to clarify the points raised by certain impostors. I worked as Risk Manager in Lals Group and was handling Insurance Portfolio.
Regarding Life Insurance: I was the person who arranged the Group Life Insurance from Oman Insurance Co., Dubai and I was the person who claimed the money. Although the premium is very high the company bears the entire premium, which itself is a generous gesture. I remember the claim of late Ms.Alona Estrelloda. The amount claimed by me was deposited in a reputed bank on long-term basis and the interest accrued was transferred to the beneficiary of the deceased. In fact the company acts with such a prudence that they have become the benefactor of the family of the deceased and the objective is to promote the welfare of the employee's family. If the money is disbursed in one stroke it vanishes in one stroke and it will not reach the persons intended. The disbursement of accrued interest continues till the family stabilizes and passed on further to the next generation beneficiaries at the discretion of the management.
Labor Ban: This comment has no foundation of fact as Lals Group with 20, 000/- employees need not exhibit any contempt on outgoing employees as it is a day to day phenomenon. Everyday hundreds of employees come in and hundreds of employees go out. To the best of my knowledge no Ban other than statutory was ever imposed. In certain cases even NOC was given to take up job in other companies.
Salary Disbursement: The first of the month may forget to turn up but Ganwanis never forget to credit the salary on the previous day itself.
Medical Insurance: The premium for Medical Insurance is very high as the company is staffed with many an elderly people. Even then the Employees are subsidized and the best services were rendered. I very well remember Mr. Steve Raju's wife's case, in which the claim was not at all admissible and the employee had to bear AED 8000/-, which was taken up by me with the Insurance Company and was paid as ex Gratia without taxing the employee. The Group Medical Insurance applies only to Employees of Supervisory and Executive Cadre. Others are all given free medical facility in our own Medical Center and paid medical facility in Government Hospital. In other Emirates we had tie up with Medical Centers and Hospitals.
Lamcy Plaza: I have serviced in Insurance Industry for more than 21 years. Insurance is a very tricky issue. This comment is a common comment on each and every client when there is a claim and can be very well ignored.
Hannah Mirchandani: At the outset I condemn using filthy language as it not only degrades the forum and also the person who wrote but also femininity. I never ever remember even one lapse in her department and the systems followed in Personnel Department was exemplary. She is of course a task master and not a dictator. The allegations against her are malicious and when one reaches Mr. Lal Gawani's age the one will understand.
Although the allegations are immaterial, impertinent and irrelevant I took some time to clarify as I can not erase from my heart Mr. Jayanth Ganwani not for his wealth or power but for his knowledge and wisdom.
G. Jaya Bhaskaran
NB: Let the thread be alive as it would only bring out the truth entailing fame to Lals and I promise to review once in a week and write what I know.