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Satyam's group mediclaim policy up for renewal
Published on Tue, Jan 13, 2009 at 17:28 | Updated at Tue, Jan 13, 2009 at 19:02 | Source : CNBC-TV18
One important decision for Satyam employees lined up in about a fortnight is their group mediclaim policy. CNBC-TV18 learns that Satyam's group mediclaim cover is ready for renewal and their insurer, Iffco Tokio is waiting to hear from from the IT major.
Here is a transcript of Vidhi Godiawala’s comments on CNBC-TV18. Also see the accompanying video.We learn from our sources that Satyam has a group mediclaim policy with Ifco Tokyo General. The group mediclaim policy is worth Rs 1,093 crore. Individual cover is Rs 1-5 lakh while the premium paid is above Rs 20 crore. The cover is coming for renewal in January. If the premium is not paid, the policy lapses. However, Iffco Tokio is open to renewal.
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