Citizen Investment Trust has announced that newly appointed employees must deposit their insurance premium amount in a single payment through their office if they have not completed a full fiscal year. This rule ensures that their insurance coverage will begin from the next fiscal year.
The trust said that if the required insurance premium is not fully paid, the employee will not be insured until the payment is completed. In other words, the insurance will remain inactive until the total premium amount is deposited.
The Citizen Investment Trust operates the insurance fund according to the Insurance Fund Operating Procedure, 2075. The collected insurance premiums are sent to the Rastriya Beema Sansthan, which manages life insurance for government employees.
This clarification aims to make sure that new employees understand their responsibilities and avoid missing out on insurance coverage due to incomplete payments.
