Kochi: The Kerala Electricity Board is out of the state government’s accident insurance scheme. Leading media outlets reported that the decision came after employees rejected the Finance Ministry’s decision to make the policies mandatory.
The board has more than 30,000 employees. The State Government has been implementing the Group Personal Accident Insurance Scheme (GPAIS) since 2007. The employees were charged Rs 850 per year. In addition, this benefit is available only in case of death while in service.
The Finance Ministry has strongly suggested that if the insurance scheme is to be renewed this year, employees should join the Insurance Department’s State Life Insurance (SLI) and Group Insurance Scheme (GIS). This was opposed by the employees.
This SLI, GIS. The opposition came after it was hinted that the projects would not get any income tax relief. At the same time, the Electricity Board withheld a premium from the employees. But this amount is kept unpaid.