Group Life Insurance Plans. (a) All regular employees who are eligible under the terms of the mutually accepted Basic Group Life Insurance Plan shall, as a condition of employment, participate in the Plan from the first day of the month following satisfactory completion of the probationary period.
(b) Participation in the Optional Group Life Insurance Plan is voluntary upon joining the Basic Group Life Insurance Plan subject to providing satisfactory evidence of insurability.
Group Life Insurance Plans. (a) The Employer shall cooperate with the Union to the extent that it agrees to recognize an employee’s authorization to deduct Group Life Insurance Premiums from such employee’s earnings and remit to the Union for participation in any plan other than the Employer’s plan.
(b) The Employer and each employee shall participate in the existing Group Life Insurance Plan for Civil Service Employees on the same basis as at time of signing this collective agreement.
Group Life Insurance Plans. 40.01 The Employer shall provide a mutually acceptable Group Life Insurance Plan for employees working a minimum average of twenty (20) hours per week.
40.02 The Plan shall provide $50,000 insurance coverage for post-probationary employees.
40.03 The Plan shall include provision for employees to continue the payment of premiums after retirement or termination.
40.04 The Plan shall also include coverage for accidental death and dismemberment.
40.05 The Employer shall pay one-hundred percent (100%) of the premium.
Group Life Insurance Plans. Group Life Insurance Plans from Kotak Life Insurance can help address the needs of both employees and employers, to secure their financial future. Achieve his / her long-term goals through smart financial planning. Currently available products to purchase It is a complete solution that helps protect customer’s assets and savings in the unfortunate event of death, illness or disability. It provides life cover for employees, by paying a lump sum benefit to the receiver on the death of an employee. It provides institutions the required value-ads to differentiate products and make them more competitive. In this age of competition where technology and systems are available to every organization, it's the people that differentiate the good from the great. Your organization has people - Your customers as well as Your employees - that are of immense value to you. One of their prime concerns is the security and safety of their families. Being an organization of repute you would like to share this responsibility by providing them with a solution that meets their need. Kotak Term Group Plan provides life cover to the member, by paying a lump sum benefit to the beneficiary in case of an unfortunate event. There is also an option available for the member to opt for additional voluntary life cover for self and spouse. There is also a range of riders available to cover other risks like disability, dismemberment, illness, family benefit and functional impairment. It is an ideal solution that provides security to the families of your members in case of an adversity. Kotak Complete Cover Group Plan provides life cover to a group of borrowers of the credit /lending institution (banks, retail finance providers etc.). It is a non- participating single-premium plan and can be customized to cover all types of loans and repayment terms. The plan can be mandatory (all members join) or voluntary (subject to certain conditions). In the unfortunate event of death of the borrower during the term of the policy, the outstanding loan amount (as per the cover schedule) will get extinguished relieving the borrower's family of the loan liability and will also eliminate the risk of loss due to death of the borrower to the Credit Institution A comprehensive group insurance plan for financial institutions to safeguard their financial assets from default payments, the Kotak Group Shield Plan covers your customers' loans and savings. Its wide-ranging life insurance cover also protects the well-b...
Group Life Insurance Plans. The Verizon Group Life Insurance Plan for New York and New England Associates (which includes Supplementary Group Life Insurance), as amended, is hereby incorporated by reference as part of this Agreement.
