GTI cover increased

The Insurance cover under Group Term Insurance Scheme (GTIS) (1997) has been increased. This is w.ef. 1.5.2011. The increased premium would be deducted from April 2011 salary. Earlier it was as follows:

EARLIER

Cover ( Basic PayRange)	Term Cover	Premium    Per month
30,960 and above	Rs.7,25,000/-	Rs.181.25
22,570/- to 30,959/-	Rs.6,25,000/-	Rs.156.25
15,970/- to 22,569/-	Rs.4,50,000/-	Rs.112.50
8,415/- to 15,969/-	Rs.3,25,000/-	Rs.81.25
4,730/- to   8,414/-	Rs.1,75,000/-	Rs.43.75
Less than 4,730/-	Rs.1,00,000/-	Rs.25.00

NOW INCREASED TO

Cover (Basic Pay Range)	Term Cover	Premium    Per month
50810 & above	Rs.12,00,000/-	Rs.250.00
35300 to 50809	Rs.10,00,000/-	Rs.208.33
24800 to 35299	Rs.7,00,000/-	Rs.145.83
12855 to 24799	Rs.5,00,000/-	Rs.104.17
7115 to 12854	Rs.2,50,000/-	Rs.52.08
Less than 7115	Rs.1,50,000/-	Rs.31.25