Conditions of Insurability. All existing members who are in the age group of 18 yrs. (complete) to 79 yrs will be eligible to join the scheme. A maximum cover of Rs. 10 Lakhs will be provided for loanee and Rs.
1. 00 lac for Depositor & Employees and minimum cover amount will be Rs 1000.
Conditions of Insurability. The insurance programs described in this Article, which were selected by the Board, shall be provided to all teachers who are eligible, wish to enroll, and meet the criteria. For insurance purposes, the school year is defined as the first mandatory day of teacher attendance through August 14 of the following calendar year. The District’s benefit plan year is January 1 through December 31 of each year. Open enrollment is held each fall. Open enrollment for new employees is within the first 30 days of employment. If retirees are accepted immediately into TRS insurance coverage, District insurance coverage shall remain in effect through June 30. If a teacher’s employment terminates before the end of the school year, insurance coverage ends on the last day of the month in which the teacher ceases professional services to the District. If a teacher’s employment terminates after the end of the school year, insurance coverage ends on August 14. A teacher, who has been granted a family leave of absence under the provisions of Article XI, Section 11.2, may remain in the District’s group insurance program, if permitted by the carrier, provided the teacher pays the entire premium for all portions of the selected insurance program for the length of the leave. The District will cease payment of all insurance premiums for the teacher at the end of the month for which the last payroll check is issued. The teacher shall make the monthly premium payments directly to the administrative agent of the insurance program in a timely fashion. Failure to pay on time will result in loss of coverage.
Conditions of Insurability. The insurance programs described in this Article, which were selected by the Board, shall be provided to all teachers who are eligible, wish to enroll, and meet the criteria. For insurance purposes, the school year is defined as September 1 through August 31. For new hires, open enrollment is established as September 1 through September 30 of each year or within the first thirty days of employment. For current employees, open enrollment is May 1 through May 31 of each year. Insurance options, including the Medical Insurance Option as defined in Section 10.5, must be determined no later than May 31. A teacher who tenders a resignation effective at the end of the school year, which is accepted and approved by the Board, shall retain insurance coverage through August 31. If retirees are accepted immediately into TRS insurance coverage, District insurance coverage shall remain in effect through June 30. Coverage for a teacher who has been dismissed/released from his/her teaching duties shall end on the last day of the month in which the teacher ceases professional services to the District. A teacher, who has been granted a leave of absence under the provisions of Article XI, Section 11.2, may remain in the District’s group insurance program, if permitted by the carrier, provided the teacher pays the entire premium for all portions of the selected insurance program for the length of the leave. The District will cease payment of all insurance premiums for the teacher at the end of the month for which the last payroll check is issued. The teacher shall make the monthly premium payments directly to the administrative agent of the insurance program in a timely fashion. Failure to pay on time will result in loss of coverage.
Conditions of Insurability. The insurance programs described in this Article, which were selected by the Board, shall be provided to all employees who are eligible, wish to enroll, and meet the criteria. For insurance purposes, the school year is defined as the first mandatory day of employee attendance through August 14 of the following calendar year. The District’s benefit plan year is January 1 through December 31 of each year. Open enrollment is held each fall. Open enrollment for new employees is within the first 30 days of employment. If retirees are accepted immediately into IMRF insurance coverage, District insurance coverage shall remain in effect through June 30. If an employee ’s employment terminates before the end of the work year, insurance coverage ends on the last day of the month in which the employee ceases professional services to the District. If a 9-month employee’s employment terminates after the end of the school year and prior to the beginning of the next work year, insurance coverage ends August 14th. If any other employee’s employment terminates after the end of the school year, insurance coverage ends on the last day of the last month of their work year, or at the end of the current month, whichever date is later.
