MEETING WITH THE COMMITTEE ON GROUP TERM INSURANCE (GTI)

Meeting with the Committee on Group Term Insurance (GTI) on 13.04.2018:

GS AIGETOA and GS SNEA met the Committee on Group Term Insurance for further discussions on the matter. The committee members GM(Restg), GM(Estt), GM(SR) and DGM(Restg) were present in the meeting. Detailed discussions held on the tentative quote given by LIC and SBI Life. Since the rates quoted seems to be high, it is decided to hold further discussions with LIC and SBI Life, next week itself. All efforts will be made to get competitive rates by this month end and it will be made known to all the Executives. They will be given one opportunity to opt out of the scheme. The rates quoted will be valid only if at least 80% of the Executives opting for the same.