Medical Insurance For Retired Bank Pensioners

[Narayanan Venkateshwaran]

In the melee of heated discussion and barb in the matter of pension updation now going on, the matter relating to Medical Insurance seems to have been left on the way side.

It has now become amply clear that updation if at all fructifies will be a long drawn process

.Meanwhile would it not be prudent to pursue the matter of Medical Insurance which is more relatively achievable?

Already 2 months of the current cover has already been over .In another 3/4  months IBA will start negotiation for period 2023/2024

In the matter of Medi insurance DFS has long time back advised banks to pay premium of retired employees from out of welfare Fund

Each Bank adopts its own way of assistance to retired employees at the time of premium collection/payment more as a matter publicity and display of triumph of one over other.

It is evident that Each Bank has enough in welfare fund to cover the entire premium outgo for retired.  It is the question of outlook. Is it inconceivable for Banks to tighten up expenses in the fund not so essential  for the sake of suffering  yesteryear employees?

Pension structure is uniform for all Banks

Medi Insurance  premium is uniform for all Banks

Why then disparity in disbursement for Medi Insurance from welfare  FUND from each Bank?

Retirees Association/IBA/ DFS please ponder over to give breather to retirees.

Possibility of covering Bank Pensioners under CGHS by collecting nominal premium may also be explored

TXS

C V Narayanan

.

[kandala ashok]

There is an exception to what Mr Narayan says....Bank of India....management itself need not be blamed...The fund is supposed to be managed by representatives os management, union and association. Absolutely no help is extended by them

Ashok Kandala

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