Renewal of the Group Term Insurance (GTI) Scheme for BSNL employees.

The renewal of the Group Term Insurance (GTI) scheme is due w.e.f. 01.03.2024. To finalise the terms and conditions for the renewal of the GTI scheme, two rounds of discussions were held in the BSNL Corporate Office between BSNL Management, LIC and representatives of the unions & associations. The first round was held on 05.02.2024 and the second round was held on 07.02.2024. On behalf of BSNLEU, Com.Ashwin Kumar, Organising Secretary (CHQ), participated in both these discussions. The LIC representatives demanded that, the premium should be increased from Rs.1.60/- per Rs.1,000/- to Rs.3 per Rs.1,000/-, for the Non-Executives who are below 50 years of age. The LIC wanted to raise the premium amount, since the claims have exceeded the premium amount received by it. However, this demand was strongly opposed by Com.Ashwin Kumar and other representatives of the unions and associations. Ultimately, it is decided that the old premium, i.e., Rs.1.60/- per Rs.1,000/- will continue. The Corporate Office has issued letter on 09.02.2024 for the renewal of the GTI scheme w.e.f. 01.03.2024.