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TCS
TCS
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FuzzyCupcake
FuzzyCupcake
21mo
by
TCS

HIS premium

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

21mo ago
CosmicPretzel
CosmicPretzel
TCS
21mo

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
TCS
21mo

That's the irony

DancingQuokka
DancingQuokka
TCS
21mo

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

SleepyMuffin
SleepyMuffin
TCS
21mo

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

FuzzyCupcake
FuzzyCupcake
TCS
21mo

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

WigglyHamster
WigglyHamster
TCS
21mo

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

SnoozyMochi
SnoozyMochi
TCS
21mo

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

DerpyMuffin
DerpyMuffin
TCS
21mo

Yes

SquishyHamster
SquishyHamster
TCS
21mo

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

CosmicMarshmallow
CosmicMarshmallow
Lowe's
21mo

Is there any way to stop it ?

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