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Main -> Group Life Insurance Plan -> Premiums
Insurance Premiums
 

Insurance Premiums and Coverage 2016-2017

 
Monthly Premiums
Teacher
Secretary Treasurer
Superannuate
Disability/ICP
$15.66 (monthly)
$31.32 (monthly)
$26.10 (monthly)
$13.05 (monthly)
 
* The Minister of Finance is responsible for 50 per cent of the premium required to provide each teacher the coverage as set out in the provincial collective bargaining agreement.  
* Superannuated teachers, secretaries, treasurers, secretary- treasurers and superintendents of administration are responsible for 100 per cent of the premiums required.  
* Teacher and secretary premiums are deducted by the employer monthly commencing in September (or the month employment commences) and ending in June.  
* Effective September 1, 1997, individuals receiving pension benefits, Disability and/or Income Continuance will have 12 equal monthly premiums deducted from their allowance.  
* For those teachers or eligible persons who terminate employment or who commence a leave of absence prior to June 30, the required premiums for the balance of the insurance year must be deducted to ensure coverage until August 31.  
* Should a death occur during the year, the employer shall deduct the premium for the month of death.  
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  Eligibility
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  Commencement and Continuation of Insurance
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  Premiums
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  Insurance Benefits Coverage
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  Accidental Death and Dismemberment
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  Claims
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  Waiver of Premium
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  Termination of Insurance
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  Conversion Privilege
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