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University Grants Commission - Sri Lanka

Commission Circular No: 718

10th October 1997

Vice-Chancellors of Universities,
Rectors of Campuses,
Directors of Institutes.

 

ESTABLISHMENT OF INSURANCE SCHEME FOR EMPLOYEES IN THE UNIVERSITY SYSTEM

1. The University Grants Commission at its 494th meeting decided to adopt the Health Insurance Scheme that is being operated for Public Officers, in the University System on the following terms:-
(a) The premium per year is Rs.900/- of which the Sri Lanka Insurance Corporation Ltd is prepared to give a rebate of 50% i.e. the required premium is only Rs.450/- per year per employee.
(b) Of the premium of Rs.450/- an employee should be required to pay 50% (ie Rs.225/-) per year which is only Rs.18.75 per month. The balance 50% to be paid by the Universities/Campuses/Institutes using the funds of the Welfare Vote.
2. There are 3 components of the Insurance Scheme introduced for University employees as follows :
Components
Cost of premium per month borne by the
Employees Universities/Campuses/Institute
(a) Medical Insurance Scheme Rs.18.75 Rs.18.75
(b) Personal Accident Cover(Accident Insurance) Rs 11.00
(c) Loan Guarantee Scheme
3. The Universities/Higher Educational Institutes/Campuses are requested to take the following steps for implementing the Insurance Scheme in terms of the above Commission decision.
(a)

The benefits and all particulars relevant to the Insurance Scheme indicated in Annex 1 should be notifed to all employees of your University/Campus/Institute and an arrangement should be made for them to join the insurance scheme. For this purpose the form in Annex 11 should be duly completed and submitted to the Asst.General Manager (General Accident) of the Insurance Coorporation by the University/Campuses/Institute concerned.

(b) All employees attached to your University/Campus/Institute should be informed that joining Insurance Scheme is optional and that 50% of the cost for 2(a) indicated above is borne by the University/Campus/Institute.
(c) Once an employee is transferred to another University/Campus/Institute, the University/Campus/Institute to which the employee was attached earlier should take action to inform the Insunance Corporation with copies to the employee concerned and the University/Campus/Institute to which he/she has been transferred (The Insurance Corporation Ltd. will take action to confirm the adjustment made in their entries in respect of the transfer with a copy to the employee concerned).
4. If a Medical Insurance Scheme is already in operation for which premium is paid out of university funds, the University council may decide either to continue with that scheme or adopt the new scheme. Please note that university funds can be used for one insurance scheme only.

Please take necessary steps accordingly.

 

(Prof. S.Tilakaratna- Chairman)

Cc:

  • Chairman/UGC
  • Vice-Chairman/UGC
  • Members of the UGC
  • Secretary/UGC
  • Deans of Faculties
  • Registrars of Universites
  • Financial Controller/UGC
  • Bursars of Universities
  • Librarians/SAL/AL of the Higher Educational Institutions/Institutes ;
  • Snr. Asst.Registrars/Asst.Registrars of HEIs/Campuses
  • Snr. Asst.Bursars/Asst.Bursars of HEIs/Campuses
  • Chief Internal Auditor/UGC
  • Govt. Audit Superintendents of Universities
  • Snr. Asst.Int. Auditors/Asst.Int.Auditors of HEIs
  • Secretaries of Trade Unions
  • Auditor-General

File No. UGC/HR/3/13/6

Download:
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