Wednesday, April 6, 2011

GTI cover increased


The Insurance cover under Group Term Insurance Scheme (GTIS) (1997) has been increased. This is w.ef. 1.5.2011. The increased premium would be deducted from April 2011 salary. Earlier it was as follows:


EARLIER

Cover ( Basic PayRange)
Term Cover
Premium 
  Per month
30,960 and above
Rs.7,25,000/-
Rs.181.25
22,570/- to 30,959/-
Rs.6,25,000/-
Rs.156.25
15,970/- to 22,569/-
Rs.4,50,000/-
Rs.112.50
8,415/- to 15,969/-
Rs.3,25,000/-
Rs.81.25
4,730/- to   8,414/-
Rs.1,75,000/-
Rs.43.75
Less than 4,730/-
Rs.1,00,000/-
Rs.25.00

NOW INCREASED TO

Cover (Basic Pay Range)
Term Cover
Premium 
  Per month
50810 & above
Rs.12,00,000/-
Rs.250.00
35300 to 50809
Rs.10,00,000/-
Rs.208.33
24800 to 35299 
Rs.7,00,000/-
Rs.145.83
12855 to 24799 
Rs.5,00,000/-
Rs.104.17
7115 to 12854 
Rs.2,50,000/-
Rs.52.08
Less than 7115
Rs.1,50,000/-
Rs.31.25

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