The plan aims at helping employers efficiently manage funds set aside to meet their employee benefit program liabilities
Aviva Life Insurance has launched its group retirement benefit product "Aviva Traditional Group Employee Benefit Plan". The plan aims at helping employers efficiently manage funds set aside to meet their employee benefit program liabilities. These pertain to meeting gratuity, pension and leave encashment liabilities payable on resignation, retirement or death of their employees. The leave encashment benefit may include the encashment of leaves by the members while in service, depending on the scheme rules.
The new scheme would cover 950 types of medical treatment against the previous government’s scheme of 642 types
Tamil Nadu chief minister Jayalalithaa has announced an improved medical insurance cover under which a family can derive a maximum benefit of Rs4 lakh for four years.
The new scheme would cover 950 types of medical treatment against the previous government's scheme of 642 types, Jayalalithaa said.
"Under the new scheme, a family can avail medical benefits of up to Rs4 lakh for four years while it was Rs1 lakh for four years according to the previous scheme," she said. The new scheme also allots Rs1.50 lakh per year for some specific diseases, Jayalalithaa said in a statement.
Jayalalithaa said expenses on certain tests prior to and after surgeries would also be covered under the new scheme, "which were not there in the previous scheme."