Can employer force to buy insurance


KF Rookie
Hello friends,
I am working in government sector. On retirement, it is compulsory for everyone to purchase an insurance plan from its group insurance society, which is too costly. For example, one time payment of Rs. 51,000/- for an insurance cover of Rs. 12 lakh for 10 years. Further, I already have a term insurance of 1 cr.
Is there any guidelines to refuse to buy? Please suggest.


Staff member
Doesn't sound like a good policy at all. Mostly it will be some form of insurance + investment scheme. Can't you simply refuse to sign?