*Addressing concerns on High Life insurance Premium for Staff Housing Loans* Dear All, Since revision in norms of staff housing loan, numerous colleagues have approached us with a severe concern regarding exorbitant premium of life insurance coverage. Our staff colleagues especially from senior age group, say 50 and above, needs to shell out heavy amount towards premium which considerably affects their overall fund management of purchasing dream home. Obviously, our officers from lower age group, who are having long tenure at their disposal, also bear the burden of paying hefty lumpsum premium which ultimately hikes their monthly EMI. Taking appropriate cognizance, we have raised the issue to our Esteemed MD& CEO & Executive Director HR and suggested certain measures to ease out the financial burden being caused to the bank staff, irrespective of age group. *It was suggested to explore the route of availing insurance coverage through corporate tie up with cross subsidization arrangements*. We are sanguine that suitable steps will be taken very soon to address the issue in satisfactory manner. *We advise our members to wait for few days as a cross subsidized product will be available very soon*. With warm regards, Nilesh Pawar, General Secretary FBOIOA