Terms and conditions for the GTI of Non-Executives - CEC members are requested to convey their views.

Due to the continuous pressure exerted by BSNLEU, the Management has started the process to implement Group Term Insurance (GTI) to the Non-Executives. As a part of it, the Management has forwarded the proposals of LIC to the Recognised Unions and has called for their views. The letter of the LIC, on it’s terms and conditions on the GTI, is attached below. The terms and conditions are broadly as follows:-

1. The policy amount is Rs.20 lakh.
2. For the Non-Executives between 18 years to 50 years of age, the premium rate comes to Rs.1.80, per thousand rupees + GST, per year. This works out to Rs.3,600/- + GST per year.
3. For the Non-Executives between 51 years to 59 years of age, the premium rate will be Rs.7.70, per thousand rupees + GST, per year. This works out to Rs.15,400/- + GST per year. 
4. LIC wants a minimum of 70% of the Non-Executives to join this Group Term Insurance, so that it will be viable for them. 

Circle Secretaries and Central Office bearers, as well as interested comrades, are requested to go through LIC’s letter and send their views to the CHQ through e-mail.