Loyola has inculcated in all of us a firm moral conscience and a strong sense of doing right. Thus most of us are involved with charitable activities and social welfare on our own. We would like to channel these efforts more effectively through LOBA, into projects that are dear to all of us, thus making a difference to society.
The untimely illness of Mr. K S Pillai, one of our retired teachers, brought unbidden a massive show of support and monetary assistance. While it gave us the confidence to consider tapping into the 4000 strong alumni for their support, it also helped crystallise the first of our projects. We felt the immediate requirement was to take care of the healthcare of our staff, both serving and retired. The medical insurance scheme was conceived thus. While LWI was launched at the GLA on december 09,2016, the medical insurance scheme was set in motion with handing over of the cards to representatives of the staff on march 03,2016. The scheme was implemented through ICICI Lombard, and the first year's premium was 5.9 lakhs. We have renewed the scheme this year with new India insurance, premium being 3.9 lakhs.
The sad demise of Varghese uncle in January 2016 laid open our eyes to the reality of the nonteaching staff having to continue working well into their dotage to sustain themselves financially. To help them overcome their financial troubles, we decided to set up a pension scheme for the retired nonteaching staff.
There is no free lunch.Doing good and doing right cost money.Let’s join together in a major fundraising effort to help those who helped us in our formative years and who now find themselves struggling to stay afloat in the evening of their lives when they should be relaxing with their families and loved ones and enjoying a richly deserved retirement.LOBA appeals to every Loyola old boy to answer this call and give freely for this worthwhile cause.