The Group Insurance Scheme, introduced in 1984, aims to provide financial security to government employees. However, stagnant premium rates since 1994 have caused a significant shortfall in benefits for deceased employees. Despite five pay revision commissions between 1998 and 2018, no increases were made, leaving payouts insufficient compared to other states.
Notwithstanding the sell-off in the broader market, the stock made a debut at Rs 109, reflecting a gain of 15.95 per cent as compared to the issue price on NSE
