ns2.dkshared.com 2.5 Million Workers At Risk As Governors Shun Group Life Policy - IMENTERTAINED

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2.5 Million Workers At Risk As Governors Shun Group Life Policy

[Guardian] About 2.5 million civil servants in the country may miss out of the benefits of Group Life Insurance cover, following the inability of 35 states to sign on to the policy, against the mandate of Pension Reforms Act (PRA) 2014.Group life cover is a joint regulation of the National Insurance Commission (NAICOM) and Pension Commission (PenCom), on Section 9 (3) of PRA 2014, requiring every employer, to which the Act applies, to maintain Life Insurance Policy in favour of the employee for a minimum of three tim

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