BSNL signed MoU with the LIC for the implementation of the GTI to the Non-Executives.

BSNLEU gladly informs that, the Director (HR) has announced the implementation of the Group Term Insurance (GTI) for the Non-Executives of BSNL. He has informed through the letter issued today that, the BSNL Management has signed an MoU with the LIC, for the implementation of this GTI. The sum assured under this GTI will be Rs.20 lakh. The annual premium payable by employees up to 50 years of age will be Rs.3,776/- and for the employees beyond 50 years of age, it will be Rs.18,172/-. This amount will be payable through salary once in a year. The annual premium for this policy is low, since BSNL is an important corporate customer of the LIC. BSNLEU has all along been strongly pressing the Management to take steps for the early implementation of this scheme to the Non-Executives. Hence, BSNLEU heartily congratulates all the Non-Executives for the implementation of this scheme.