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FuzzyCupcake
FuzzyCupcake
TCS

HIS premium

Does TCS deduct insurance premium amount from employee salary even though they didn’t add their parents?

18mo ago
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CosmicPretzel
CosmicPretzel
TCS18mo

Yes, for the employee himself they will deduct two installments for two months. Those two were 500 something each, which increased to this 1449 each.

I had a word with the insurer last year about the increase in the beneficiary amount, they gave me the reason 'due to market conditions we had to increase'

Apparently, TCS doesn't give us salary as per market conditions but we have to pay increased insurance Premium as per market conditions!

ZippyRaccoon
ZippyRaccoon
TCS18mo

That's the irony

DancingQuokka
DancingQuokka
TCS18mo

Last year they deducted around 800 something. Now directly 1449 😭

SleepyMuffin
SleepyMuffin
TCS18mo

Insurance premium is 0 if you didn't add your parents

FuzzyCupcake
FuzzyCupcake
TCS18mo

Last month they deducted 1449 rupees under HIS premium but I didn’t add my parents in HIS

WigglyHamster
WigglyHamster
TCS18mo

As per new policy, 1449 for you, not for your parents.

SnoozyMochi
SnoozyMochi
TCS18mo

Yes insurance is a part of your CTC. If you add your parents you will have to pay extra

DerpyMuffin
DerpyMuffin
TCS18mo

Yes

SquishyHamster
SquishyHamster
TCS18mo

If you add parents or opt for floaters then only deduction occurs

CosmicMarshmallow
CosmicMarshmallow
Lowe's18mo

Is there any way to stop it ?

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