Meeting with LIC on Group Term Insurance (GTI) :

GS Joint Forum leaders (GSs of SNEA and AIGETOA, President/SNEA and AGS/AIGETOA) held discussions on 23.04.18 with LIC on Group Term Insurance to BSNL Executives. The tentative quote given by LIC is exorbitantly high. The premium quoted by others is very less comparing to LIC. We negotiated for a competitive rate matching with others. After lot of discussions, LIC agreed to reexamine the rates with uniform coverage of 50 lakhs for all the Executives.a