Yes, the insured must pay 50% of the total purchase cost as an advance payment, and the rest is paid in monthly installments so that it is not less than a quarter of the contribution salary for a period of 48 months or until the insured reaches the age of 60.
Question
If an individual and an employer agree to share the cost associated with purchasing a service period, does an employer have to approve the service request on the portal before the request can be processed?
Service Type