Chennai, Aug 7 - State-run non-life insurer Oriental Insurance will introduce an incentive scheme this fiscal for its high performing employees, a top official said here Friday.
'We will measure the performance of each branch on the metrics like policy issuance, claims settlement, business growth,' said M. Ramadoss, chairman and managing director of Oriental Insurance.
'If a branch meets the requisite grade, all its employees will get incentives,' he told reporters on the sidelines of an insurance seminar.
Earlier, the government had asked all the primary state-owned non-life insurers - National Insurance, New India Assurance, Oriental Insurance and United India - and reinsurer General Insurance Corp (GIC) to come up with incentive schemes.
The government has also given some directions to these five companies to formulate their respective incentive policies.
However, employees unions are not happy with these guidelines and said only a few workers would benefit if the incentive schemes were implemented according to the government directions.