Members of Parliament Plan A 9-month premium holiday for Basic Life, Dependants' and Accidental Death and Dismemberment Insurance under the Members of Parliament Plan. Attached is a chart showing the premium rates effective April 1, 2001. Please ensure that all members of the Plan are provided with a copy of this chart. The premium holidays will not have the effect of reinstating coverage for employees on leave without pay who have allowed their coverage to lapse. All applications for insurance received while the premium holidays are in effect should be processed through the Superannuation Directorate in the usual way.
Coverage is subject to normal plan rules.
Participating employers with their own pay facilities are required to ensure that premiums remitted to National Life during 2001 are in accordance with the information on the rate chart.