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GROUP INSURANCE SCHEME
1.0 The Group Insurance Scheme is
applicable to employees borne on the regular
establishment of the Corporation.
2.0 The insurance cover provided
under the Group Insurance Scheme through the LIC of
India is as under:
|
Sl. No. |
Categories of the employees |
Insurance Cover (Rs.) |
|
1. |
Sr. Manager & above |
1,60,000/- |
|
2. |
Engineer/Officer to Manager |
1,30,000/- |
|
3. |
Asstt. Engineer / Asstt.
Officer/ Executive Trainees/ Jr. Engineer /Jr.
Officer (SII, SIII, & SIV) and equivalent
workmen categories |
1,00,000/- |
|
4. |
Jr. Engineer/Jr. Officer (SI)
and Workmen categories including Trainees other
than those at Sl.No. 3 above. |
75,000/- |
3.0 The insurance cover, as above,
shall be payable in the event of the death of an
employee during the tenure of his service in SJVNL to
the nominee(s) of the employee concerned.
4.0 The above insurance cover is
inclusive of the coverage to be provided by SJVNL under
the Employees Deposit Linked Insurance Scheme, 1976,
prescribed under the Employees Provident Fund and
Miscellaneous Provisions Act, 1952, as amended from time
to time.
5.0 The entire premium for providing
the aforesaid insurance cover shall be borne by SJVNL.
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