THIS COLLECTIVE AGREEMENT is made pursuant to the ... - NTUC

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NGEE ANN POLYTECHNIC ACADEMIC STAFF AGREEMENT, 2011PUBLIC OFFICERS GROUP INSURANCE SCHEMESchedule IV(Clause 17)The Public Officers Group Insurance Scheme provides 24-hour worldwide insurance cover,coverage against death from all causes, death in an accident, permanent and total disabilityfrom all causes and permanent and partial disability due to accident. This scheme is availableto all employees who are below 65 years old and sum assured up to a maximum sum of$300,000. It is also extended to their legal spouse and children.The premium for employee or spouse starts from as low as $0.55 (below 45 years) for every$10,000 sum assured up to a maximum of $300,000 for employee and spouse.The monthly premiums for the sum assured, in multiples of $10,000 are -Age next birthday(Years)Monthly Premium for every$10,000 sum assured(Per Person)Max Sum AssuredUp to 45 $0.55 $300,00046 - 50 $0.90 $300,00051 - 55 $1.60 $300,00056 - 60 $2.25 $300,00061 - 65 $2.70 $300,000For children above 12 months and below 18 years old, the monthly premium per person is$0.45 for every $10,000 sum assured, up to a maximum of $150,000.The Scheme is administered by NTUC Income Insurance Co-operative Limited and isrenewable every 3 years. The above premiums are effective 1st Jan 2007 and are subjectedto change. Interested employees may refer to NTUC Income's website www.income.com.sgfor more details.Note - The premium rates are subject to changes as announced by the insurer.************CA 75 of 2011 Page 30 of 61Ngee Ann Polytechnic Academic Staff Agreement, 2011ASCA( NC 290711)
NGEE ANN POLYTECHNIC ACADEMIC STAFF AGREEMENT, 2011GROUP TERMS LIFE POLICYSchedule V(Clause 17)The Group Term Life Policy, which is administered by Aviva Ltd, covers death and totalpermanent disability. This is a voluntary scheme and is open to all employees (including parttimers)up to a maximum age of 65. The sum assured is equivalent to 12 times the monthlybasic salary. Spouse and children are not eligible to apply for this policy. A circular statingthe age-related premiums will be sent to all employees before the renewal date to inviteinterested employee to enrol for the policy. New applications will not be accepted after theclosing date.The total premium is payable equally between the Polytechnic and the insured employee. Anyextra health premium loading due to existing illness imposed by the insurer will be borne bythe employee. The age-related premium rate (subject to change) payable is -Age band Annual Rate per $1,000
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THIS COLLECTIVE AGREEMENT is made pursuant to the ... - NTUC

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