Dear Friends, Our CO has by its circular dt 27-12-2017, has increased the compulsory sum insured. The existing compulsory limits of 3 L, 4 L and 6 L are revised upwards to 5 L, 6 L and 10 L respectively. However, the upper limit of floater cover including the optional cover remains unchanged. The ratio of premium apportionment for basic cover (only) between employee/retiree and the corporation remains unchanged at 1:3. Two aspects require attention at CO, viz., 1) in view of the change in basic limits, the sum of optional cover is bound to be lower, and consequently there must be downward revision in premium 2) it is logical that when limits are reset (revised), it is the rudimentary practice that option is also given to insured members to exercise the (increased) cover particularly in view of the possible changes in premium. In insurance fundamentals, greater is the percentage of opted members and coverage, lesser is the anti-selection, ...