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September 1, 2026
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Food Coupons Issued by LIC for Employees

March 15, 2011

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Press Information Bureau
Government of India
Ministry of Finance

15-March-2011 16:33 IST

Food Coupons Issued by LIC for Employees

The Life Insurance Corporation of India (LIC) has informed that it has introduced a scheme of providing food coupons to its employees with effect from 01.09.2010.  The amount spent on the scheme and the payment made to M/s Sodexo SVC India Pvt. Ltd. for food coupons from September, 2010 to December, 2010 is as under:

Month

Amount (Rs. Crore)

September, 2010

11.53

October, 2010

10.78

November, 2010

12.70

December, 2010

13.38

LIC has reported that there is no scam and scheme of food coupon has been introduced with the view to increase employees satisfaction as motivation tools which is manifested in team-work, building client relationship and idea generation.

LIC has intimated that a committee was constituted to evaluate and select the service provider for supply of food coupons.  The committee finalized the service provider M/s Sodexo SVC on the basis of the network affiliates, financial strength, market presence, existing cliental base and quality of service delivery on pan India basis.  Regarding the rates, LIC informed that the coupons are issued on face value with no service or delivery charges being levied by the vendor.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Rajya Sabha today.

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