Renewal of Group Health Insurance for BSNL employees- high premium quoted by M/s Oriental Insurance Company Ltd
BSNL EMPLOYEES UNION (BSNLEU)
NATIONAL FEDERATION OF TELECOM EMPLOYEES (NFTE-BSNL)
Shri Arvind Vadnerkar,
Director (HR), BSNL,
Bharat Sanchar Bhawan,
H.C. Mathur Lane, Janpath,
New Delhi – 110 001
Sub: – Renewal of Group Health Insurance for BSNL employees- high premium quoted by M/s Oriental Insurance Company Ltd.- reg.
We wish to draw your kind attention to the following, for favour of necessary intervention.
The MOU signed between BSNL and M/s Oriental Insurance Company Ltd. is expiring on 30-04-2023. It has to be renewed w.e.f 01-05-2023. In this connection, discussion is said to have taken place between the BSNL Management and M/s Oriental Insurance Company. Due to belated intimation, BSNLEU and NFTE BSNL could not participate in this discussion.
It is learnt that, in the discussion held yesterday, M/s Oriental Insurance Company Ltd. has quoted increased premium amount, for the renewal of the Group Health Insurance w.e.f 01-05-2023. The increase in premium, as proposed by Oriental Insurance Company Ltd. is hefty and is very steep. For example, the present premium of Rs.13,594 has been proposed to be increased to Rs.21,213. Similarly, the existing premium of Rs.21,876 is being proposed to be increased to Rs.44, 190. Likewise, all the existing premium rates are being steeply increased by Oriental Insurance Company Ltd. A copy of the table, showing the proposed increase in premium rates, is enclosed for your kind reference. Undoubtedly, this will impose undue burden on the employees.
Under these circumstances, we, both BSNLEU and NFTE BSNL, wish to request the Management not to sign any MOU in haste. We also suggest that, the possibility of signing MOU with some other insurance company, with lesser premium, may kindly be explored. We hope that, our suggestion would be viewed in the right perspective and necessary action would be taken by the Management.
Source : BSNLEU