retired bank employees
08:49
Final Opportunity For Submission of Claims Under the Policy for the Year 2020-21
Final Opportunity For Submission of Claims Under the Policy for the Year 2020-21
Showing posts with label Group Medical Scheme. Show all posts
Showing posts with label Group Medical Scheme. Show all posts
Sunday, 26 December 2021
Friday, 9 July 2021
Thursday, 5 November 2020
Saturday, 26 September 2020
Group Medical Scheme
07:33
Medical Insurance Policy For In-Service Employees/Officers W.E.F.01.10.2020
Medical Insurance Policy For In-Service Employees/Officers W.E.F.01.10.2020
Circular No:113
Download Original Document
Monday, 21 September 2020
Sunday, 13 October 2019
Monday, 9 September 2019
Monday, 18 February 2019
retired bank employees
07:49
5th Triennial Conference and Charter Of Demands -AIBRF
5th Triennial Conference and Charter Of Demands -AIBRF
CHARTER OF DEMANDS ON RETIREE ISSUES BY AIBRF
- MANDATE TO HOLD DISCUSSION WITH THE RETIREES
- COMMITMENTS MADE IN RECORD NOTE DATED 25.05.2015 SHOULD BE IMMEDIATELY APPROVED AND IMPLEMENTED.
- GRANT OF 100 PER CENT DEARNESS RELIEF TO PRE-NOVEMBER 2002 RETIREES
- IMPROVEMENT IN FAMILY PENSION
- UPDATION OF BASIC PENSION
- PENSION OPTION TO COMPULSORILY RETIRED EMPLOYYES & RESIGNEES & OTHER LEFT OVERS
- SPECIAL ALLOWANCE TO BE RECKONED FOR SUPERANNUATION BENEFITS INCLUDING PENSION BENEFITS:
- GROUP MEDICAL INSURANCE SCHEME FOR RETIREES
- WELFARE SCHEME FOR RETIREES
- ISSUES OF ASSOCIATE BANKS, PRIVATE BANKS , FOREIGN BANKS & RRBS.
- GRIEVANCE CELL SETUP FOR RETIREES IN BANKS
- MANAGEMENT OF PENSION FUNDS
- IMPROVEMENT IN EX- GRATIA AMOUNT PAYABLE TO THOSE RETIRED PRIOR TO 1986 AND THEIR SPOUSES.
Source:AIBRF
Tuesday, 18 September 2018
Saturday, 4 August 2018
Friday, 13 July 2018
Saturday, 11 November 2017
Friday, 1 September 2017
retired bank employees
15:49
No Hike in Base Premium For Group Medical Insurance for Bank Staff
No Hike in Base Premium For Group Medical Insurance for Bank Staff
THIRUVANANTHAPURAM, SEPT 1:
The managing committee of the Indian Banks' Association (IBA) has approved a proposal for renewal of the group medical insurance scheme for award staff and officers.
The renewed policy with United India Insurance will be effective for another one year from October 1, 2017 to September 30, 2018 on the existing terms and conditions and without an increase in base premium.
This was stated in a communication from the Human Resources and Industrial Relations Department of IBA to chief executives of member banks, which are parties to the 10th bipartite settlement /joint note dated May 25, 2015.
This was after United India Insurance agreed to the proposal after taking into consideration the expected incurred claims ratio (ICR) as on September 30, 2017, which would be around 107 per cent.
The public sector insurer would renew the group medical insurance policy for employees, which is expiring on September 30, 2017 on existing terms and conditions without increasing base premium.
As such, the premium for renewal of employees would be as under:
Award staff: Sum insured - Rs 3 lakh; premium without GST - Rs 10,452; GST@18 per cent - Rs 1,881; gross premium payable per family (inclusive of GST) - Rs 12,333.
Officers: Sum insured - Rs 4 lakh; premium without GST - Rs 13,935; GST@18 per cent - Rs 2,508; gross premium payable per family (inclusive of GST) - Rs 16,443.
Source:The Hindu Business Line
Wednesday, 31 August 2016
retired bank employees
18:35
IBA MEDICAL INSURANCE SCHEME FOR RETIRED OFFICERS/ EMPLOYEES / SPOUSES OF THE DECEASED EMPLOYEES – EXTENSION OF DATE FOR SUBMISSION OF OPTION
IBA MEDICAL INSURANCE SCHEME FOR RETIRED OFFICERS/ EMPLOYEES / SPOUSES OF THE DECEASED EMPLOYEES – EXTENSION OF DATE FOR SUBMISSION OF OPTION
Tuesday, 12 July 2016
Group Medical Scheme
17:25
Access Bank pays medical insurance for 175 genocide survivors
Access Bank pays medical insurance for 175 genocide survivors
Genocide survivors in Kibaya village, Kamashashi cell, Nyarugunga sector in Kicukiro District on Friday afternoon saw their social protection boosted with medical insurance subscription by the staff of Access Bank.
Payment of health insurance for 25 families in Kibaya village comprised of 175 members was on Friday afternoon announced by Access Bank staff representatives during the visit to the village.
Kibaya village is an organized settlement for genocide survivors and most of the disabled ex-combatants in Kigali city.
Nadine Rutabayiro, Team member Women Banking at Access Bank said that the support of health insurance subscription was made to comfort and motivate genocide survivors and encourage them to strive towards self-reliance.
Rutabayiro noted that empowering a woman is a door to the development of the family as well as the country. “Access Bank not only supports with money but also with financial advisory services. Our supports also include ideas where we encourage women not to rely on donations only, but striving for self-reliance.”
Mentoring widows
Janet Nkubana, Managing Director of Gahaya Links, a businesswoman who was invited to share her experience and provide a mentoring session to her fellows on how to start small businesses, shared her experience of how she lived as refugee for several years until when she came back to Rwanda with five children without a husband to support her. She testified on how she struggled to afford all necessities of her family.
“I dared and asked a loan from Access Bank to start a small business of selling commodities. At that time, no other bank believed in me, but Access Bank did. They trusted me and gave me a loan. No money is little. Even one thousand can help you achieve more”.She said.
She advised her fellow women to recognize and profit from the special support given by Access Bank and committed to support them whenever they start small businesses as a cooperative.
“Gather your ideas together about how to start savings groups to improve your welfare. Women would fear asking loans from banks. I assure that Access Bank is a bank for you to change your lives. Support would not prevent you from working, but motivate you.”She added.
Advice to women
Access Bank staff assured the beneficiaries that their support is beyond giving money but extended to advising clients in financial literacy and how to use their own strengths to change their living conditions. Genocide Survivors in Kibaya village were called to form saving groups and cooperatives under which they can start small businesses.
The bank also promised to ease the process of accessing loans when they form cooperatives.
Genevieve Uwamahoro, the Executive Secretary of Nyarugunga Sector, advised women present to start saving with the money they had dedicated on life insurance which was paid by Access Bank.
“Access Bank should have invested the money in other activities. Paying health insurance for you is a recognizable support. You should base on the support and work hard to improve your living standards. Go and sensitize other residents on the importance of health insurance and savings opportunities, Uwamahoro added.
Beneficiaries recognize support
Grace Mukamusoni, a genocide survivor, delightfully thanked Access Bank Rwanda for the support and advice. She said that the act touches her heart.
“We are happy to receive Access Bank team to our village. Your advice and support are paramount. We thank you so much and may God bless you. This support symbolizes your love to genocide survivors. We have been waiting for support but today we are able to find solutions by ourselves due to various advice we are given. I promise you to work hard so that next year I will be able to pay health insurance for all my family members,” Mukamusoni said.
Asiimwe Rebecca, Chief of women council in the village, reacted on the support as a miracle.”The support is in line with empowering women which is a crucial tool in the development t of the country. We are encouraging women to use available opportunities in order to strive for self-reliance.” She said.
Source:The New Times
Sunday, 26 June 2016
Friday, 22 April 2016
Reserve Bank of India
18:50
Appointment of Bank Medical Consultant on Contract basis with fixed hourly remuneration (Reserved for OBC category candidates only), Mumbai
Appointment of Bank Medical Consultant on Contract basis with fixed hourly remuneration (Reserved for OBC category candidates only), Mumbai
Date : Apr 21, 2016
Appointment of Bank Medical Consultant on Contract basis with fixed hourly remuneration (Reserved for OBC category candidates only), Mumbai
Reserve Bank of India invites applications from Doctors belonging to OBC category, possessing MBBS degree of any recognized University in the allopathic system of medicine and/or having post graduate degree in General Medicine with at least 2 years’ experience in any hospital or as Medical Practitioner for 02 (two) posts of Part time Bank’s Medical Consultant on contract basis for dispensaries in Bank’s Officers/Staff Quarters. Details of Terms and conditions and format of application form are available with ‘Recruitment Section, Human Resource Management Department, Reserve Bank of India, Mumbai Office, Main Building, Fort, Mumbai 400 001’ and/or on the website of Bank www.rbi.org.in. The last date for submission of application is May 16, 2016.
Regional Director
Wednesday, 2 March 2016
Group Medical Scheme
21:03
Central Government Employees Group Insurance Scheme (CGEGIS) -1980 – Tables of Benefits for the savings fund for the period from 01.01.2016 to 31.12.2016.
Central Government Employees Group Insurance Scheme (CGEGIS) -1980 – Tables of Benefits for the savings fund for the period from 01.01.2016 to 31.12.2016.
Source:http://aiamshq.blogspot.in/
Tuesday, 6 October 2015
retired bank employees
07:55
All about Medical Insurance Policy for retirees!
All about Medical Insurance Policy for retirees!
AIBRF Circular dtd 01.10.2015 - IBA Group Medical Scheme for Retirees
AIBRF CIR on Med Insurance Scheme to RETIREES >
Ref: 2015/255 Date: 01.10.2015
Dear Sir
Re: IBA GROUP MEDICAL SCHEME FOR RETIREES
As all of you are aware, Indian Bank Association has introduced Group Medical Scheme for Bank Employees and Retirees as per the settlement dated 25.05.2015.
2. Details of the Scheme are given in the enclosed Annexure. Primary Members are requested to preserve it carefully for future reference as it will be basis for settlement of claims.
3. Group Medical Scheme introduced by IBA is though more or less identical for employees and retirees, the following features/ facilities will not be available to retirees.
(a)In case of retirees, only self and spouse will be covered under this policy. Dependent Parents/ Children will not be covered as available to the employees during the service period.
(b)Banks will be only selling point for retirees and insurance claims will have to be handled and settled by the retiree directly with the insurance company through TPA while claims of employees under the policy will be settled by banks and banks will handle the claim with the insurance company.
(c)Entire insurance premium for buying the policy will have to be borne by the retiree while premium charges for employee by borne by the bank.
(d)As per clause 3.2 of the scheme, employees will be eligible to receive lump sum cash payment of Rs. 1lakh for certain critical diseases which will not be available to the retirees.
4. We wish to draw your kind attention on the following features of the policy.
(a)Eligibility: Retired Employees and their dependent spouses.
(b)Amount of Insurance: Retired Officers: Rs. 4lakhs and Retired Clerk and Sub Staff Rs. 3 Lakhs. These amounts of sum assured are fixed one with no flexibility.
(c)It will be floater Policy. Total sum assured will be available to one or both for settlement of claim in the year.
(d)As mentioned above insurance premium will have to be borne by the retiree in advance. First year premium including service tax is Rs. 7493 for policy of Rs. 4 lakhs and Rs. 5620 for policy for Rs. 5620/- approx. It should be importantly noted that next year and subsequent yeas premiums apyable will be subject to change. It is important point for retirees as the premium has to borne by the retirees.
(e)If husband and wife both are bank retirees, each can take separate policy as per their entitlement subject to payment of premium.
(f)The scheme will be implemented by the individual banks. It will be optional for the retirees to join the scheme. The retiree will have to submit the application in the prescribed format to the bank within the stipulated time.
(g)The retiree will have to give authority to the bank to debit designated account for premium amount for first year and subsequent years. Therefore it is necessary for the retiree to maintain sufficient balance in the designated account during the relevant period to enable the bank to debit the account and remit the premium to the insurance company. Any default in this regard will make the retiree ineligible from benefit of the policy.
(h)There is no age limit for joining the scheme and for subsequent renewals.
(i)Pre-existing diseases will be covered from day one without any waiting period.
(j)No Medical examination will be necessary for joining the scheme.
(k)Cashless facility for the treatment will be available at the networked hospitals. In other cases retiree will have to pay the charges and subsequently claim reimbursement from the TPA.
(l)With certain stipulations Day care and domiciliary expenses will be eligible for reimbursement.
(m)Allopathic/Ayurveda/Homeopathy/Naturopathy treatments are also covered under this policy.
(n)The retiree will have option to withdraw from the scheme any time in future but will not have option to join it after the date notified by the bank/ IBA
SOME AREAS WHERE CARIFICATIONS NEEDED FROM BANKS /IBA
4. We find that banks have started taking action for implementation of the scheme and communications are being issued inviting option by fixing different dates by banks for retirees. We find that some clarifications are coming from representatives of Insurance Company/ Broking firms/ TPA in the joint meetings held with retirees/ employees at some centres. Still we need clarifications in the following areas for better clarity.
(a)Effective date for implementation of the scheme should be notified by IBA immediately. We have come to know that probably the scheme for retirees will be effective from 1-11-2015.
(b)The retiree should be given time of 90 days to exercise the option to join the scheme from the effective date of implementation.
(c)The retiree should include Superannuated employees, VRS employees Compulsory Retired employees, Resignees for the purpose of the scheme. This clarification should be given immediately.
(d)This scheme should be made available to Family Pensioners also. We understand insurance company has no objection to cover Family Pensioners under the scheme. IBA should immediately issue suitable communication in this regard.
(e)Dependent children/ Parents of the retirees should be covered under the scheme.
5.We find that the above points were well covered in the scheme submitted by the insurance company/ broking firms to IBA and on these basis they were finalised by IBA. But for the reasons best known to them, at banks level while implementing the scheme norms are getting diluted for retirees. We hope IBA will take necessary steps for suitable clarification to avoid any litigation on this issue.
6. Despite above, AIBRF welcome move of Unions/ IBA in extending the scheme to retirees and convey its thanks for taking step forward in health management of retirees.
7. AIBRF appeal all its affiliates to take steps to popularise the scheme among the retirees to ensure that maximum number of retirees join it.
8. AIBRF has formed HELP DESK at its Central Office to assist its affiliates , members in its smooth implementation Your quarries may be sent through email address sharbat_123@rediffmail .com
9. In case our affiliates have any suggestions in this regard they may write to us for taking up them at the appropriate level. It is seen that some affiliates are writing directly to IBA/ Government directly on this issue. This is not proper and they are requested to avoid this position in future.
With Warm Regards
Yours Sincerely
sd/-
( S.C.JAIN )
GENERAL SECRETARY
Source :Indian Bank Kumar
