IBA mediclaim ..-comparison with SBI scheme

[Chandrasekaran Venkataraman]

COMPARISION OF HEALTH INS PREMIUM OF 

SBI     vs      IBA  (OTHER  BANKS  RETIREES) 

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Premium of insurance policy under IBA ( OTHER BANKS THAN SBI )  is  very high is Rs 44524 for 4 lacs sum assured.

It is  very very high .

Where as  , me is a SBI RETIREE..  Our bank has a exclusive  tie up arrangement for  Health Plan for retiree with

 SBI GENERAL. 

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Our  premium is  Rs 19520 only for 3+6( STU) =9 lac sum assured for all categories,  it is a Family floater &without domicilliary. Since 16.1.2020. it will run for 3 years without any change in premium, what ever may the claim ratio.

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Yes it appears,  it is all under- hand tie up of IBA  + others?? with insurance Co.

They people are looting other banks retirees.

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Your pensioner association must interveen in it.  may be through courts even.

Why can't they tie up with SBI GENERAL for this policy.  on the similar t& c.

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1.Besides this our SBI ( under staff welfare measures) is giving 50% subsidy on the premium amount( without GST ) to all  retirees of +70 years of age & to family pensioner ( irrespective of their age. ) 

2.Almost free ( ie at 85%  discount ) type , online purchase of medicine upto 18000 to each policy holders. 

3. Dental treatment ( RCT ) upto 7500 PA

YOUR LEADERS MUST THINK ON IT ( with the exception of UFBU)

🙏🏻🙏🏻

[Prasad C N]

Dear Sir,

There is vast difference in SBI Insurance and other insurances.  They are :

a. Bank is paying Super Top-up premium of Rs.7,823/-, which is not paid by other Banks

b. Bank has REMBS where premium is being paid by the Bank, for which the retirees have made one time payment to the extent of Rs.62,000/- to Rs.1,72,000/-.

c. IBA premium includes claims settled out of 2nd Wave, but we do not know the premium for next year.

Thanks, a Million. 

With regards,

Prasad C N

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[Seshaiyer Devadass]

Yes Sir. SWBI Retirees Medical scheme from SBI General Insurance is very cheaper. For domiciliary also a subsidy of Rs.12000-00 is paid by Bank. Let these benefits be extended to other bank retirees also. The following is the chart prepared by but some new changes might not find place.

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

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[T.R.Sitaraman]

Dear Devadass,

can other bank retirees can opt in this scheme by SBI General  insurance. If so, what will be the insurance premium. Can you pl find out and inform for the benefit of other bank retirees. ( Of course, i Know, SBI subsidy we can not get )

Regards,

sitaraman

9321160304

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[Seshaiyer Devadass]

Dear Sir

The amount of one time (life time) payment for insurance policy is as under:

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1349591482.1338297.1632123396508%40mail.yahoo.com.

[Seshaiyer Devadass]

Sir

It is exclusively for SBI retirees. There is no separate medical insurance scheme for SBI employees as other PSBs employees are having. The medical bills are being paid by the bank directly under Improved Medical Aid scheme for working people. If at all we want to be enrolled with SBI General Insurance, pensioners associations or group of pensioners should contact SBI general insurance BUT IT MAY NOT BE KNOWN WHAT WILL BE THE PREMIUM and all the concessions extended to SBI retirees will also be extended to other retirees. Only correspondence with them only bring the things

With regards

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1038467007.506130.1632137328330%40mail.yahoo.com.