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Your Partner for Growth and Security

RICB/FSSD/GIS/01/2017/10099                                                                      November 20, 2017

The management of RICBL is pleased to notify the general public that the Group Savings Linked Insurance (GSLI) scheme covering private sector employees is revised from 1st January 2018 as detailed under

GroupsMonthly Basic Pay (Nu.)Insurance Amount (Nu.)Insurance Premium (Nu.)Savings (Nu.)Total MonthlySubscription (Nu.)
A60,000 and above500,000150350500
B30,000 t0 59,999400,000120280400
C16,000 to 29,999300,00090210300
D15,000 and below200,00060140200

Therefore, all GSLI members are requested to remit the revised contribution with effect from 1st January 2018. The revised benefit can only be availed from the day RICB is in receipt of the revised contribution. Please ensure to submit your date of birth, CID number and joining date along with the monthly contribution schedule. We encourage private organizations to avail the benefit of enhanced insurance cover at a reduced premium. The savings scheme attract interest rate of 8% p.a.

Further, we would like to encourage our existing GSLI members to register for “My Business Profile” on to view your account statements online.

For further information and queries, please contact the nearest RICB office or contact us at 77229072/77614513/17610939 during working hours.