Group Term Insurance for BSNL Executives and Non-Executives for year 2026-2027 – Guidelines for annual renewal of the scheme w.e.f. 01.03.2026.

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1] The online window for exercising option inf ERP-ESS portal will be open from 09.02.2026 to 13.02.2026.

2] Withdraw option from 14.02.2026 to 16.02.2026 (only for new entrants).

3] All existing members, as well as new entrants will have to compulsorily exercise their option to avail the GTI scheme.

4] There will not be auto renewal of the scheme for existing members.

Team AIGETOA attended the scheduled meeting to discuss the Group Term Insurance (GTI) for this year 2026-27.

It was informed that the premium for Executives has been retained at the existing level, whereas the premium for Non-Executives has been increased due to a higher claim ratio.

The following key points were discussed and finalized:

1] Enhancement of Sum Assured for Executives:

It was agreed that the sum assured for Executives will be enhanced to Rs. 1 crore. The proposal will be taken up by BSNL Management in the next policy year.

2] Enhancement of Sum Assured for Non-Executives:

For Non-Executives, the sum assured will be increased from Rs. 20 lakh to Rs. 50 lakh, which will also be considered by BSNL Management in the next policy year.

3] Option for Higher Coverage to Non-Executives:

Non-Executives who are willing to pay a higher premium should be allowed to opt for the existing Rs. 50 lakh GTI policy applicable to Executives.

4] Waiver of GST on Group Term Insurance:

AIGETOA reiterated that GST has already been waived for individual term insurance policies, while it continues to be levied on Group Term Insurance.

It was finalized that BSNL Management will take up the matter with the Ministry of Finance, and the Associations will also actively pursue the issue for GST waiver on GTI.

5] Minimum Insurance Cover for All Employees:

The possibility of providing a minimum sum assured of Rs. 10 lakh to all BSNL employees was discussed. The option will be examined further by BSNL Management.

6] Simplification of GTI Opting Process:

AIGETOA highlighted the confusion faced by employees while opting and continuing GTI. It was demanded that:

• There should be only an option for withdrawal from GTI and modification.

• Employees who are freshly applying should be provided to opt for GTI.

• For existing members who wish to continue, no action should be required, and the policy should be renewed automatically.

GS AIGETOA writes to CMD BSNL with request for preparatory work for Renewal of Group Term Insurance and Initiation of group Health Insurance Schemes, and Decision on Enhancement of SAB Pension Dues with PRMB Trust Creation.

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As informed earlier, after the firm and conclusive stand by Team AIGETOA in the meeting with LIC officials, finally LIC agreed to offer the premium quotes at 1.60 per one thousand which is at par with the initial rates offered in 2019.

Yesterday LIC conveyed the rates of 2019 at 1.6 per thousand and today the letter has been issued by admin section BSNL CO for the renewal of GTI for the willing employees.

The hard negotiations done by team AIGETOA with LIC officials, resulted in these rates. We also appreciate the efforts of the Admin Team of BSNL CO, who coordinated in a very effective manner.

We further extend our thanks to all those involved in the process for ensuring the competitive premium rates.

Once again we appreciate the efforts of our All India President and Finance Secretary for ensuring this competitive premium for the GTI.

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For last three days, back to back meetings have been held for negotiations on GTI. The meeting was attended by AIGETOA all India President Shri Veerabhadra Rao and Finance Secretary Shri Badri Kumar Mehta.

While LIC team once again presented a very high initial quote of Rs 3 per Thousand of GTI, team AIGETOA has categorically clarified that any rates above the initial 2019 rates of Rs 1.6 per thousand are not acceptable as the claim ratio has gone down substantially. The team AIGETOA insisted to revise the quote and has negotiated firmly on the matter. The LIC team will revert with their fresh quotes in a day or two.

We extend our thanks to all India President Shri Veerabhadra Rao and Finance Secretary Shri Badri Kumar Mehta for firmly negotiating with LIC team.

Let’s hope for the best. But one thing is very sure that in the absence of proper rates quoted by LIC, the team AIGETOA is not going to accept will insist upon further negotiations

Today Team AIGETOA met Director HR and requested to consider the recently promoted JTOs undergoing field training at various circles for covering in GTI Policy.

Director HR immediately considered our request and directed the concerned section to do the needful.

Earlier we have discussed with LIC representatives also and requested them to consider these newly promoted executives also for GTI.

We sincerely hope that the JTOs currently undergoing training will also be considered for the GTI.

Further, we wish to inform that CHQ is in consistent pursuance with management to ensure the mechanism to be in place for ensuring sufficient financial cover from management side to the dependent family in case any untimely demise of any employee occurs. We are very sure management will agree to our demand of creating a death relief fund very soon.

On behalf of executives, we extend our sincere thanks to our Director HR for considering our request and issuing the necessary instructions quickly on GTI to our newly promoted executives (Recently trained LICE JTOs).

We are receiving various queries with respect to the GTI premium for executives born before 15.09.1972, there has been some confusion regarding its premium amount whether it is Rs 12980/- or Rs 45430/-.

In this regard, it is to clarify that…

All the executives who have opted GTI before attaining 50 years of age but now their age is more than 50 years, will have annual premium rate of below 50 years only i.e. Rs 12980/-.

All the executives who have opted GTI after attaining 50 years of age, will have annual premium rate of Rs 45430/-.

BSNL CO issued the guidelines for annual renewal of Group Term Insurance for BSNL Executives w.e.f. 01.03.2023.

The new rates of premium for one year i.e. from 01.03.2023 to 29.02.2024 will be as below :

Born on or after 15.09.1972 – Sum Assured is Rs 50 Lakhs with Revised annual premium (with GST) = Rs 12,980

Born before 15.09.1972 – Sum Assured is Rs 50 Lakhs with Revised annual premium (with GST) = Rs 45,430

Born before 15.09.1972 – Sum Assured is Rs 20 Lakhs with Revised annual premium (with GST) = Rs 18,172

The online window for existing members, new entrants and withdrawal option for existing members will be open from 11.02.2023 to 17.02.2023 (7 days).

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The meeting for negotiation on GTI Premium rates was held today. LIC has finally offered the rates of Rs 11000 plus GST for 50 Lacs GTI. This rate has been derived on no profit no loss basis by taking into account the premium paid and total death claims settled by LIC till date

Association has requested for reducing the premium rates further down. However LIC is reluctant to reduce the rates any more as they have quoted the revised rates on no profit no loss basis.

The options shall be called on ESS Portal soon. Policy Shall be renewed w.e.f 1st March 2023.

In continuation to the meeting held on 24th Jan 2023 and submission of revised plans by LIC vide email dated 31.01.2023, a meeting of the committee members and all the stake holders of GTI scheme is prosed to be scheduled on 1st Feb 2023.

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