GUIDELINES FOR POST RETIREMENT MEDICAL SCHEME (PRMS)

OF NTC EMPLOYEES

1.0 OBJECTIVE
To set up a "POST RETIREMENT MEDICAL SCHEME (PRMS) for catering to the
medical requirements of the eligible employees of NTC and their spouses and
spouse of deceased NTC employees in IDA pay scales who have
superannuated/retired from NTC after putting in 15 years service in CPSE(s) on or
after 01.01.2007 (Including those already superannuated/retired, expired or retired
on medical grounds employees on or after 1.1.2007). Eligible Period of service in
case of expired and retired on medical grounds will be 5/10 years.

2.0 TITLE OF THE SCHEME

The Scheme shall be called "POST RETIREMENT MEDICAL SCHEME (PRMS) for
NTC employees.

3.0 APPLICABILITY OF THE SCHEME

a) The Scheme shall be applicable to serving employees in IDA pay scales of pay
who would superannuate from NTC after putting in 15 years service in CPSE(s). The
period of service rendered on secondment / deputation to any other concern under
the management of NTC or services lent by the company to any PSU/ Autonomous
Body / Statutory Body / office would be counted for the purpose.

b) The scheme shall also be extended to all categories of Superannuated employees

in IDA pay scales(and their spouse), who have superannuated on 1.1.2007 or
afterwards, after putting in at least 15 years of service in CPSE(s) and spouse of
above mentioned category of deceased employees or ex-employees who had died
after 01.01.2007.

c) Board level executives superannuating from NTC will be eligible for PRMS
provided their total period of service rendered in continuity in CPSE(s) including the
period of Board level in current CPSE is not less than 15 years at the time of
retirement/superannuation.

d) The admissibility of benefit under this scheme to an employee against whom

disciplinary proceedings are pending under NTC Conduct, Discipline & Appeal
Rules, at the time of his/her superannuation, the case would be examined for his/her
entitlement on completion of disciplinary proceedings.

e) Employees who resign from service (excluding resignation covered under

"technical formality clause), and those employees upon whom penalty of compulsory
retirement, removal, dismissal is imposed because of disciplinary proceedings, shall
not be eligible for benefits under this scheme.

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f) In the event of permanently disabled & incapacitated, leading to cessation of
his/her service, before putting in 10 years of service in a CPSE, or, early retirement
after putting in 10 years service in CPSE(s), he/she and his/her spouse will become
admissible for the benefit under this scheme.

g) Cases of VRS would be governed by the specific schemes of VRS. Benefits under
this scheme would not accrue to VRS optees automatically.

h) The following categories of employees shall not be covered:

i) Employees working on adhoc/contract basis including those on casual or daily

wages.

ii) Employees under legal dispute with the company even after superannuating.

iii) Part—time and re-employed employee retired from organizations other than NTC.

iv) Consultants and Advisors

v) Employees on deputation to NTC

vi) While calculating the period of service of 15 years, any period of service rendered
as trainee, internship or casual. contractual shall not be counted. The service
rendered in the Government shall not be counted for the purpose of computation of
total service in a CPSE(s).

vi) Employees have already been enjoying such scheme benefits from other CPSE
on account of their spouse.

4.0. DEFINITIONS

In this Scheme unless the context otherwise requires:

(i) "EFFECTIVE DATE" in relation to the Scheme shall mean 1st day of
January, 2007, or the date from which the scheme takes effect:
(ii) "ENTRY DATE" shall mean (a) in relation to the eligible employee in IDA
pay scales on 01.01.2007, the effective date, (b) in relation to others. in
IDA pay scales, the first day of the month following the date of their joining
the company in IDA pay scale or opting IDA pay scale.
(iii) The "Company" shall mean "NTC Ltd."
(iv) The "EMPLOYER" shall mean NTC Ltd. and its Chairman & Managing
Director.
(v) “SCHEME" shall mean Post Retirement Medical Scheme (PRMS).
(vi) "RULES" shall mean the Rules of the Scheme as herein set out and any
amendments made thereto from time to time.
(vii) "EMPLOYEES" shall mean — The regular employees of the Company in
IDA pay scales who are eligible as per para 3 above.

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 (viii) "MEMBER" shall mean an Eligible employee, and, retired or ex-employee
who has been admitted to the membership of the Scheme.
(ix) "SERVICE" shall mean in relation to a Member the period for which for the
purpose of the scheme, he has been or deemed to be in continuous
service with the employer including service rendered in CPSE(s), the
period of service from the entry date up to the date of his normal
retirement date or the date of cessation of service, as the case may be,
and this will include, inter alia, period of authorized leave.
(x) "SUPERANNUATION" shall mean in respect of each employee the date
on which he attains the age of 58 years.
(xi) "BENEFICIARY" shall mean the Member, his/her spouse.
(xii) "QUALIFYING SERVICE" includes past service rendered in CPSEs.
(xiii) "SALARY" shall mean Basic Pay, Dearness allowance and stagnation
pay, if any.

5.0 CONDITIONS FOR JOINING THE SCHEME

The eligible employees mentioned in para 3.0, at the time of his retirement, or, the
beneficiary in case of an employee/ ex-employee who is/was eligible under para 3
above, shall be eligible to become a Member of the scheme by submitting the
prescribed application (Annexure-A) to the Company and issue of membership
Card. The management reserves the right to approve/not approve the membership
of any person. The decision of the management in this regard shall be final.

7.0 EFFECTIVE DATE

The claims of medical treatment shall be considered from the date, as specified in
the notification for implementation of the scheme or the date on which he joins as
member.

8.0 CONTRIBUTIONS

a) Eligible employee/spouse of the employee who intend to avail the benefits under
the scheme shall required to pay one time membership fee as notified by NTC. The
employees who will retire after implementation of the scheme will not be required to
contribute towards the membership under the scheme.

b) The contribution, as above shall be payable in advance before availing the

benefits of the scheme.

c) Contribution once paid shall not be refunded.

d) An employee who becomes member of the scheme for availing medical benefits
in respect of self and spouse shall be required to submit a certificate stating that
he/she and his/her spouse is alive every year by the month of May after 1 year of
membership in the scheme, or he/she will cease to be beneficiary of the scheme. In

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case of death of self or spouse intimation to be given to the company with in 1 month
of demise. The format of the life certificate is placed at Annexure-B.

9.0 BENEFITS

a. The Members who are covered under the Scheme shall be covered by a suitable
General Insurance Policy. The amount of maximum total benefit available under the
policy for hospitalization treatment within India will as notified by NTC from time to
time on floater coverage basis for self and spouse.

b. But the hospitalised treatment benefits as per the Scheme shall be available after
the retirement age as prevalent at the relevant point in time, provided they get
themselves admitted in hospitals anywhere in India specified by the said Insurance
Company for approved course of treatment of surgical and non-surgical ailments.

c. However, such hospitalisation benefit shall be available to the spouse from the
age at which the Member attains age of superannuation. However, in case of
working/retired spouse in CPSE/Govt. or any organization where such scheme is
available benefit will not be extended to the employee or spouse.

d. The member shall be admitted in the specified hospitals on presentation of the

Identity Card issued by the Insurance Company provided, of course, the hospital
authority is satisfied that the ailing member requires hospitalisation treatment. The
employee will not be required to make any payment to the hospital authorities who
will settle the bills with the Insurance, provided the amount of the bill is within the
admissible limit. The member/heir/heirs will, however, have to pay any amount in
excess of the admissible limit in the bill.

e. The updated brochure of the Insurance Company indicating the list of hospitals
and approved course of treatment of surgical/non-surgical ailments shall be made
available from time to time as per the prescribed manner.

10.0 BENEFITS FOR CERTAIN SERIOUS SICKNESS:

Chairman & Managing Director is empowered to allow an additional coverage to

meet the critical cases as permissible under the policy.

11.0 AMENDMENT TO THE SCHEME

The Chairman & Managing Director shall be the competent authority to make
amendments to the Scheme from time to time.

12.0 INTERPRETATION AND RELAXATION OF RULES

The power to interpret these rules, in cases of doubt. vests with the Chairman &
Managing Director of the Company. whose decision shall be final. He may also relax
any of the provisions of these rules in individual cases of hardship for reasons to be
recorded in writing.

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14.0 GENERAL

The company reserves the right to amend or modify the Scheme, in part or full at any
time and without assigning any reasons. The retired employee will have no right
whatsoever to force the Company to the continuity of the scheme or to
enhance/extend any other facility than those provided in this scheme.