Bank officers will be losing between Rs 41,472 - Rs 148,608 based on pay scale as dearness allowance (DA) as per the wage settlement signed by the unions as against the wage deal signed by the Asian life insurance giant Life Insurance .
The employees of one of the world s largest life insurance companies, the Life Insurance Corporation of India (LIC), deserved a good wage revision based on their performance and they got it, said a top leader of All India Insurance Employees .