Insurance firms Employee Union Move Court

Insurance firms employee union move court against 47.75% medical premium hike

Insurance Firms Employee Union Move Court the petition states that GIPSA has illegally.

Arbitrarily increase the existing premium by 47.75% of the existing.

Insurance Firms Employee Union Move Court

A union of four insurance companies on Tuesday challenge a circular issued by the General Insurance Public Sector Association (GIPSA).

Stating that if the increase premium rate for medical policy for employees .

The petitioner is not stay then they have to pay a very huge amount for the Mediclaim policy.

The petition stated that GIPSA has illegally & arbitrarily increase the existing premium by 47.75% of the existing Mediclaim premium.

The increase by 47.75% in the premium is not only illegal & arbitrary

but it is also discriminatory as the Life Insurance Corporation (LIC) has not increase any percentage.

The premium in respect of their employees has maintain the existing the rate of premium without any change.

The petition filed through Advocate Mahesh Srivastava stated that the service conditions of the employees.

four public sector insurance companies are similar to the service condition of the employees LIC, therefore.

GIPSA cannot formulate a policy that opposes the public policy.

An employee union of insurance companies involving National Insurance, New India Insurance, Oriental Insurance, United India Insurance, has knocked the doors .

Delhi High Court stating that charging the premium for providing Mediclaim policy.

Public sector insurance companies which are almost double of what is charge is violative of Section 14 of the Constitution of India.

Insurance firms Employee Union Move Court

The plea states that protecting the health of the employees

The service and that cannot be obliterate in any manner & if the increased premium rate for.

Medical policy for the employees of the petitioner is not stay then they have to pay a very huge amount for the Mediclaim policy.

The plea further states that the amount of the premium in these circumstances may be accept in quarterly or monthly installment, so that the retired employees who are were not able to afford and to pay the premium in one installment, they may not be deprived of the benefits under the health scheme adopt by Insurance companies.

The petition is schedule to be heard on April 5, 2021

The plea added that the petitioner association has sent various representations to the respondents for revoking of the said circular.

The concerned respondent has not taken any decision in this regard.

The plea also added that these public sector insurance companies have provided the medical facilities to their working employees.

Insurance firms Employee Union Move Court

As well as retired employees on the basis of their entitlement with an option to the employees to take a package beyond their entitlement by paying the amount over and above the premium fixed for the same.

And these Public Sector Undertaking (PSU) provide pre & post Hospitalization for their employees and their dependents by arranging a Staff Group Mediclaim Policy with one of the four PSU General Insurance Companies.


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125 thoughts on “Insurance firms Employee Union Move Court

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