Medical Insurance Policy for retirees:

[Prasad C N]

Dear friends,

We have been making efforts for securing Medical Insurance for all during last six years.  We have not only personally met UFBU leaders, especially Com.CHV, but explained the pitfalls of any scheme where joining the scheme is optional.  Most of the retirees' organisations were focussing on GST and/or subsidy.  We have also met the Hon'ble Finance Minister, Several Members of Parliament including Shri Tejasvi Surya, Shri B Y Ragavendra and Smt.Sumalatha and impressed them on this benefit.   All our efforts are on record and we do not have habit of claiming credit.

We are extremely happy to note that UFBU and IBA have signed MOU for extending for Medical Insurance of Rs.2.00 lakhs to all Bank retirees and optional Top-up of Rs.10.00 lakhs.  We are thankful to Com.CHV and other leaders of UFBU for immensely helping the Bank Retirees by bringing this Medical Insurance coverage.  Incidentally, Com.CHV had promised this while speaking at our Conference, i.e 6th Triennial Conference of SBMPC on 28.10.2022 at Bengaluru

Thanks, a Million. 

With regards,

Prasad C N

[Prasad C N]

[PARASURAMAN K R]

A truncated and inferior scheme is offered to bank retirees. They have cleverly delinked the employees policy and clubbing of claims for claim ratio calculations.

Our demand for bearing the insurance premium for base policy of Rs 2 lakhs by banks is totally ignored. We are surprised of who gave UFBU to enter into such an MOU for retirees with premium to be borne by us.

It is clearly a sort of betrayal again by the UFBU leadership by thrusting such a health insurance policy on us and don't know how many hospitals in urban hospitals and metros are available for such a low rent as Rs 3000/- and it is unbelievable that these leaders don't know that all hospitals are based on room rent and we have to share the proportionate expenses if the rent is more than what is agreed. This unfavourale MOU is to be condemned and a new one to be redrawn after consulting with retirees associations who are interested in protecting the interest of retirees.

Parasuraman K R.

--
Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/109629603.1746698.1689783076614%40mail.yahoo.com.

[dundunavnee c]

There is nothing to rejoice at this stage and to express thanks. 

On Thu, 20 Jul 2023, 09:42 'Prasad C N' via bankpensioner, <bankpe...@googlegroups.com> wrote:

--

[T.R.Sitaraman]

Dear all,

On reading the minutes I observe the following.

1) Limit reduced for all ailments.

2) It will not cover extra charges that are being charged by the hospital which have to be borne by us.

3) Still premium payable only by retirees.

4) Top-up policy will not increase the basic limits fixed. It will only enable the total claim of top-up amount in a year subject to the limit mentioned for each disease

5) Also hereafter base policy premium will be less. But top-up policy premium will be higher.

Regards,

sitaraman

--

Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.
To view this discussion on the web visit

https://groups.google.com/d/msgid/bankpensioner/109629603.1746698.1689783076614%40mail.yahoo.com

.

[Sridhar Mandyam]

Will bank pay premium for base policy? That is very important.

--

[Ramakrishnan S]

Sir, 

It is a clear NO as regards payment of premium for base policy of Rs. 2 lacs, by the respective banks! 

The minutes says that whatever issue not discussed or covered now, will fall under the existing rules in terms of which, retirees and family pensioners will have to pay the premium by themselves ( with the only flexibility of deciding the top up according to one's affordability to pay). As such, please pray that the premium now payable for base policy of Rs. 2 lacs is not equal to or more than the last year premium on base policy for Rs. 4 lacs and there is no upward premium on the top up amount, compared to last year ( 2022-23). If by any chance the premium is low, then the limits for room rent and decease-wise limits will also be proportionally reduced, so as to maintain the cost factor of servicing the policy as also to maintain or increase the profitability of the insurance companies! Further, it has been made very clear that retirees will not be treated at par with the serving staff! 

Ramakrishnan. 

God 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/783524266.2023951.1689847174609%40mail.yahoo.com.

[Niranjan Cn]

Sir,  you have totally misunderstood..   read again and get clarified

Niranjan 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAAYSuOV1pttf3JKL%2B87msmmMTLOvDWJ_g8J61KHd1BJezN_kaQ%40mail.gmail.com.

[Mathew Pc]

In which hospital in Metros charge the above  rates? 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa_OnSSZtvCA0hz9hVd9GZAO49wKxF1j5pSYgujyTGuS6Q%40mail.gmail.com.

[Niranjan Cn]

Sirs,

1) Limit reduced for all ailments  

     Note :  Since the base insurance is for Rs. 2 lakhs only ;

2) It will not cover extra charges that are being charged by the hospital which have to be borne by us

     Note :  Extra charges are to paid even now

3) Still premium payable only by retirees

     Note : Base Policy is for all retirees and premium will be paid by banks and not by retirees

4) Top-up policy will not increase the basic limits fixed. It will only enable the total claim of top-up amount in a year subject to the limit mentioned for each disease

     Note :  Top Up is offered without mentioned ceilings like room rent - 3000, etc

5) Also hereafter base policy premium will be less. But top-up policy premium will be higher.

      Note :  To appreciate the benefit please wait and go through the top-up premiums for clarity.

Hope the queries are answered

Niranjan

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/783524266.2023951.1689847174609%40mail.yahoo.com.

[Murali]

This is a repeat of what was done for pensioners who retired on or before 31st October 2002. A wedge between pre and post. This wedge became permanent.

Now it is another wedge or rather an umbilical cord between the retirees and the Banks is being severed once and for all. Henceforth UFBU, et al will concentrate on serving the serving employees and leave the pensioners to their fate.

Enjoy bank pensioners... you can't prevent it.....please lie back and enjoy it. Until you stop breathing.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAAYSuOV1pttf3JKL%2B87msmmMTLOvDWJ_g8J61KHd1BJezN_kaQ%40mail.gmail.com.

[Sridhar Mandyam]

Nothing to boast unless premium is borne by respective banks

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAAYSuOV1pttf3JKL%2B87msmmMTLOvDWJ_g8J61KHd1BJezN_kaQ%40mail.gmail.com.

[Sridhar Mandyam]

The insurers have only tweaked the policy. Unions cannot claim any achievement 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAGNvMyj8d5CCeSaZfiKTfofKYdB%3Dt14qSi%3DnCNRK6WiUnw3HXw%40mail.gmail.com.

[JSOMA SHEKARA]

 Banks should devise a  free medical  insurance scheme upto Rs.4 Lakhs free  for all retirees out of staff welfare fund , irrespective of designation as Hospitals charges same fees for all whether officers  or clerks.

As long as they recover the premium from retirees it is a useless scheme. Those who can afford the premium can go for the IBA scheme. Employees who are earning salaries from Rs.50000  to 2 lakhs are provided medical insurance free. But the pension has not been revised  since DOR. Pre 2002 retirees who are aged and in need of an Insurance scheme are getting pension just 15000 to 30000 Rs. They have to pay two times the pension as premium. And there are Pre 1986 retirees  who receive negligible pension and resignees who are denied pension. How do these retirees bear insurance premium?

Those  who make such perverted agreements lack basic common sense.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa8NZ5Eed6TwFtNDXVoqYdCo-4f5icuL5TM5zPAoNO_5EQ%40mail.gmail.com.

[Kalyanasundaram Subramaniam]

Mr Niranjan

Where from you got the idea "Base Policy is for all retirees and premium will be paid by banks and not by retirees"?

Please share the relevant portion of MOU.

Regards.

S Kalyanasundaram 

[Srinivasan Badri]

Yes. Nothing to boast. Correct me if I am wrong.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa8NZ5Eed6TwFtNDXVoqYdCo-4f5icuL5TM5zPAoNO_5EQ%40mail.gmail.com.

[kushal mukhoti]

By going through the circular of AIBEA and the missive from Mr C N Prasad, I gather that we are discussing a memorandum of understanding wherein UFBU (as the representative for the retirees)  and IBA (representative for the banks) have signed the MOU to provide medical insurance facilities in a similar line provided for the existing employees of the banks, but with a difference. Here, the base policy amount for retirees is pegged at Rs. 2,00,000/- to keep the premium cost substantially low so that the banks do not face any difficulty to pay the premiums on behalf of the retirees. They would not have published the rate chart ( bed charges, ICCU charges etc. with ceilings) if the banks are not ready to bear premium costs. In the MOU or circular, there is no mention that the premium should be borne by the retirees. However, retirees may have to pay for the top-ups. This is my personal observation. I may be wrong. 

On Fri, Jul 21, 2023 at 9:41 AM Sridhar Mandyam <mandy...@gmail.com> wrote:

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa8NZ5Eed6TwFtNDXVoqYdCo-4f5icuL5TM5zPAoNO_5EQ%40mail.gmail.com.

[kushal mukhoti]

By going through the circular of AIBEA and the missive from Mr C N Prasad, I gather that we are discussing a memorandum of understanding wherein UFBU (as the representative for the retirees)  and IBA (representative for the banks) have signed the MOU to provide medical insurance facilities in a similar line provided for the existing employees of the banks, but with a difference. Here, the base policy amount for retirees is pegged at Rs. 2,00,000/- to keep the premium cost substantially low so that the banks do not face any difficulty to pay the premiums on behalf of the retirees. They would not have published the rate chart ( bed charges, ICCU charges etc. with ceilings) unless the banks are not ready to bear premium costs. In the MOU or circular, there is no mention that the premium should be borne by the retirees. However, retirees may have to pay for the top-ups. This is my personal observation. I may be wrong. 

On Fri, Jul 21, 2023 at 9:41 AM Sridhar Mandyam <mandy...@gmail.com> wrote:

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa8NZ5Eed6TwFtNDXVoqYdCo-4f5icuL5TM5zPAoNO_5EQ%40mail.gmail.com.

[Niranjan Cn]

Sir,  I stand corrected,  this issue is not yet made clear…. However this was stated in the recommendations of UFBU.  Hope it will be in retiree’s favour 

Niranjan 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKGV8OysFmibP1UNq-CUtsHoqBX7CBhU-WDLZ_oKPLhAM75e0w%40mail.gmail.com.

[JSOMA SHEKARA]

As clarified by the one of the office bearers of AIBOC

As on date of signing of MOU, Unions only demanded that bank should bear premium but there is no confirmation from Banks.

If banks agree to reimburse premium of this separate policy then demand will also come from those holding the existing policy. ( this again will create  divisions between retirees}

Premium cannot be controlled by IBA/UFBU as this commercial decision of  Insurance co based on age of the insurer and other terms and conditions.

So to reduce burden on retirees, a separate  scheme with lower insured amount and also capping of  cost of various treatments.

So nothing is clear as of today.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAAX%2BdWHQ6ucvEkz1FULdrWE0p72a5Yx-FRfnAK7kYMvYJ6xiSg%40mail.gmail.com.

[bnma...@gmail.com]

The cap for heart surgery is very low. The policy will not serve any purpose.

the top-up policy will be of any use .

The premium for the theTop-up policy will be high 

What an achievement.

[Bhushan garg]

It is not a matter of happiness that UFBU has signed for a medical insurance policy for bank retirees for Rs.2 Lacs. Rate of premium is yet to be decided. The proposed policy will have so many riders/ caps. 

--

Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1705719234.1746847.1689783000140%40mail.yahoo.com.

[ramesh kumar]

Pension is  an extension of salary of the institution ,  Suprem courts judgement, that is why pensioners are paying income tax. Hence, institutions can not say that retirees are not their  employees.  Hence, medical insurance premium for retirees should be paid by the bank only. Tq

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAFQ6mt%2BtfC%2Bpt_dKwGgBmDuDCFCueefVykF3dZVjD50Pq2404w%40mail.gmail.com.