Food Coupons Issued by LIC for Employees

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....ood Coupons Issued by LIC for Employees <br>News and Press Release<br>Dated:- 15-3-2011<br><BR>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 amou....

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....nt 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....

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.... 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....

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.... 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. DSM/BY/SAK<BR> News - Press release - PIB....