Premium rates for renewal of the Group Health Insurance Scheme is very high - do not sign MOU in haste - BSNLEU and NFTE write to the Director (HR).

BSNL has signed MOU with Oriental Insurance Company, for implementing Group Health Insurance for the employees. This MOU has to be renewed from 01-05-2023. Under these circumstances, Oriental Insurance Company has steeply increased the premium amounts. For example, the present premium amount of Rs.13,594 is being increased to Rs.21, 213. Similarly, the present premium amount of Rs.21,876 is being increased to Rs.44,190. Likewise, all the existing premium rates are steeply increased by the Oriental Insurance Company.  Under these circumstances, both BSNLEU and NFTE BSNL have written letter to the  Director(HR) today, requesting not to sign the MOU in haste. The unions have requested the BSNL Management to negotiate the premium rates with other insurance companies also. The table showing the Oriental Insurance Company’s revised premium amounts and also the joint letter written by BSNLEU and NFTE BSNL are enclosed for the information of the employees.