Meeting held with LIC Authority to finalise renewal of Group Term Insurance (GTI).

A meeting was held on 02.02.2026 between BSNL Management and LIC authorities to finalise the renewal of the Group Term Insurance (GTI) scheme for Executives and Non-Executives. It is understood that LIC has agreed to continue the GTI scheme for the next year on the existing terms and conditions. During the discussions, the Management highlighted the demands raised by the unions and associations, including: (i) Enhancement of the insurance coverage for Non-Executives from ₹20 lakhs to ₹50 lakhs. (ii) Provision for willing Non-Executives to opt for higher GTI coverage. (iii) Reduction of GST on the Term Insurance premium.

Regarding GST reduction, LIC representatives clarified that the reduced GST is applicable only for individual term insurance policies and not for group term insurance schemes. LIC representatives informed that proposals for enhancement of coverage may be reviewed in future if a sufficient number of employees opt for the GTI scheme during the next renewal cycle. As on date, out of 28,989 Executives, 14,521 have opted for GTI, while among 23,315 Non-Executives, only 6,369 have enrolled in the scheme. LIC emphasised that increasing the number of subscribers would help in reducing premium rates and improving insurance coverage benefits. It is understood that the Management intends to continue the GTI scheme for the financial year 2026–2027. The option window for employees to enrol or continue in the scheme is expected to be opened shortly.