Powergrid HBA Rules

My father said me to provide information related to rules of Powergrid Employees (HBA) Group Insurance Scheme. So will you please give link from where I will download rules of Employees (HBA) Group Insurance Scheme?

[Rajkumar Agarwal]

Here I am providing information related to Employees (HBA) Group Insurance Scheme for your reference:

Employees (HBA) Group Insurance Scheme
In terms of the Insurance policy, LIC shall provide insurance cover to individual house building advances taken by the employees to the extent of Rs. 10 lakhs (principal and interest).

Any amount beyond the limit of Rs. 10 lakhs shall be adjusted as due from the concerned employee.

The premium towards taking the insurance policy will be as per the rates charged by LIC.

The premium payable under the scheme will be shared by the company.

As on every 1st April an updated list showing all the particulars as per proforma at
Annexure-A will be prepared jointly by HR & F&A and sent by the Regions/C.C. to Corporate Personnel Establishment Group.

In the case of resignation from the service of the corporation, the recovery of the premium would be effected till the month in which the employee is relieved.

Termination of Assurance
The member reaching the Terminal Date.
If the premium is not paid by POWERGRID within 60 days of the due date.
If the outstanding Indebtedness is extinguished any time prior to the Terminal Date.
The member ceasing to be an employee of POWERGRID.