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Jayanta Bandyopadhyay   14 October 2021

Nischint insurance policy

Employer co arranges an nischint insurance policy, where employee in service, if die, family gets a lump sum amount. Premium cost is borne 60: 40 ratio employee and employer.

Where an employee superannuates within 5 months of policy year, can employer force full YEAR'S premium,,,just because insurer is Group company. Ideally it should be proportionate. But employee is being forced. Please guide.



 1 Replies

P. Venu (Advocate)     15 October 2021

The issue needs to be sorted out through collective bargaining.

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