IBA GROUP MEDI INSURANCE PREMIUM FOR RETIREES -2023-24

[mohan p]

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

[mohan p]

Dear Friends,

The rates of premium published by IBA on Group Medi Insurance for 2023-24 is now before us.

Surely the hike is at exorbitant rate,and seems,that  same may not be affordable to many of the pensioners.

Comparison of premium rates of 2022-23 may show the  difference .

Just for information.

Pl.see below:

On Tue, 19 Sep, 2023, 7:28 am mohan p, <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

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[Lingan Ramalingam]

Mohan sir, there is no mention about the discontinued retirees 

Willing to join fresh in to

 the scheme.kindly clarify

On Tue, Sep 19, 2023, 16:58 mohan p <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--

[Karunakaran N]

Thanks Mr. Mohan,

Can you please tell me what is the difference between KMD & IBA insurance scheme for bank retirees ?

Regards, 

Karunakaran

On Tue, Sep 19, 2023 at 4:58 PM mohan p <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--

[Ravinder Singh]

Sir, 

I am pre 2002 retiree. Do you think the cost of ins.as per letter is affordable by retirees

On Tue, 19 Sep, 2023, 4:58 pm mohan p, <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--

[Natarajan Kannan]

Hello Retirees,

What is the use of Meeting of IBA with UFBU ON 19.07.2023 ? The premium amount is on higher side and this will continue to be so

due to age factor of retirees.  If a retiree needs to have the benefit of health insurance scheme, he should in depth study various health insurance

products and how the benefit accrues from the day one of the product without any waiting period.

Now you will observe that KMD Group Insurance is a better product on paper compared to IBA's Group Health Insurance Scheme.

Let wise decision prevails.

K.Natarajan

On Tue, Sep 19, 2023 at 4:58 PM mohan p <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--

[Narayanan Venkateshwaran]

After so many sittings in the presence of labor commissioner what has been achieved? There is only overall increase in premium.

Who will be  takers of  base policy of 2 lacs with so many cappings.?

It matches more or less with veterinary hospital rates for bovines. Ma aaa

Sad state of affairs.God save the pensioners

C V Narayanan 

On Tue, 19 Sep, 2023, 4:58 pm mohan p, <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--

[Sureshbhat M]

High rates for 2 lks coverage 😩!!!

On Tue, 19 Sep 2023, 20:48 mohan p, <moha...@gmail.com> wrote:

Dear Friends,

The rates of premium published by IBA on Group Medi Insurance for 2023-24 is now before us.

Surely the hike is at exorbitant rate,and seems,that  same may not be affordable to many of the pensioners.

Comparison of premium rates of 2022-23 may show the  difference .

Just for information.

Pl.see below:

On Tue, 19 Sep, 2023, 7:28 am mohan p, <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--
Visit our blog site http:://bankpensioner.blogspot.com
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--
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[Sarangapani Rao]

Wonderful, eleemosynary gift to the retirees emigrating to heavens , deprived of legitimate dues of decades long , chagrined with many a slip betwixt the cup & lip -

 -like vhow many may miss even  

   even concluded 100% 

DA for pre - 2002  retirees -

 by the  mealymouthed , peckniffian , Scheming  three musketeers -

the trade unions, insurance company  &  IBA  !!  Vociferous talks of waiving the GST thrown to the wind ! Kudos to the 

Machiavellian monstrous manoeuvres!! 

Even God has left us destitute  ? 

Sarangapani 

Indian bank, 2001 vrs. 

On Tue, 19 Sep, 2023, 20:47 mohan p, <moha...@gmail.com> wrote:

Dear Friends,

The rates of premium published by IBA on Group Medi Insurance for 2023-24 is now before us.

Surely the hike is at exorbitant rate,and seems,that  same may not be affordable to many of the pensioners.

Comparison of premium rates of 2022-23 may show the  difference .

Just for information.

Pl.see below:

On Tue, 19 Sep, 2023, 7:28 am mohan p, <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--
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/CAMCbyDR2n4XWDJpngVsKnMNJuWLXKPWWpgG9XY382m3mew61Sw%40mail.gmail.com.

--
Visit our blog site http:://bankpensioner.blogspot.com
---
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[Vvns Varaprasadrao]

The efforts of AIBRF in reducing the IBA health insurance premium for 2023-24 became futile.

It is really burdensome to the retirees to bear the premium for this year.

God only can save the retirees by blessing them with good health.

On Tue, 19 Sep 2023, 8:47 pm mohan p, <moha...@gmail.com> wrote:

Dear Friends,

The rates of premium published by IBA on Group Medi Insurance for 2023-24 is now before us.

Surely the hike is at exorbitant rate,and seems,that  same may not be affordable to many of the pensioners.

Comparison of premium rates of 2022-23 may show the  difference .

Just for information.

Pl.see below:

On Tue, 19 Sep, 2023, 7:28 am mohan p, <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--
Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
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To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDR2n4XWDJpngVsKnMNJuWLXKPWWpgG9XY382m3mew61Sw%40mail.gmail.com.

--
Visit our blog site http:://bankpensioner.blogspot.com
---
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[Varadaraj Pai]

Dear Friends

The base policy limit has been reduced to Rs 2.00 lakh for all retirees irrespective of cadres. The top-up policy available is not a super top-up policy like previous year. In top-up policy if the base policy amount is exhausted top-up policy cover is not available for subsequent hospitalisation even though the limit is not used. This IBA policy is not at all useful to the retirees. If it was super top-up it would have been much better. Even though the base policy limit is exhausted the limit available in super top-up policy can be utilised for subsequent hospitalisation of self/spouse. There is vast difference between Top-up and Super Top-up policy terms which most of the people doesn't know. Last year the super top-up premium for ₹5.00 lak policy was ₹15000/- where as this year the top-up premium is ₹70078/- for family floater. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDQY-Of0b65WorQWRgV%2Br1Np1LkrDB7v%3D-SY%3Dp2JMEiq1g%40mail.gmail.com.

[Gajanan Chaudhari]

what ever told till now was a myth. What a clever game ??

[Hans Raj Manuja]

Whether AIBRF or AIBPARC, both are spineless bodies . The maximum that they can do is to get the credit of pension a few days earlier in the month of October so that retirees may pay for health insurance and the leaders get a chance for breast thumping ! We are at the mercy of UFBU only !   

        Leaders of AIBRF and AIBPARC are the ones who were leaders while in service also. They are fond of keeping their leadership intact to satisfy their ego.

       If it were possible that bank retirees could also become members of AIBEA or AIBOC, all the problems of bank retirees would be solved ! Sorry that there is no such possibility !

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAFwtfmePdBxyZr%3D9xGfsBq6z_DoNqXOEUWwaLnMutVLexjQ38A%40mail.gmail.com.

[Anantharaman Tg]

They simply kept us in suspense by saying that base policy

premium may be borne by the Bank! Of course, we all have

doubts on that aspect.

Another occasion for those still continuing to look for

alternatives.

What a welfare measure for the past employees!

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/b1715c6d-e3f5-4370-ba61-2e8b95b54badn%40googlegroups.com.

[mohan p]

Dear Mr Lingan Ramalingam,

Wait for your Banks circular on this subject.Last year it was allowed to join in IBA GMIS those who have discontinued the policy in past years.

So this year too same may be allowed.Reason being;the number of retirees joining the scheme are decreasing every year due to increasing premium.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEqzYmCCznsUt1%3DvLUkWMPZHOjboXK3GG_uo4RoAMeZe7gwqMA%40mail.gmail.com.

[mohan p]

Mr Karunakaran,

Primarily IBA's Group Medi Insurance scheme for retirees are out come of joint discussions with IBA- UFBU and every year modifications or changes in scheme are also discussed/made.

Where as Medi policy issued/renewed  every year by KMD is also  for retirees as per request of Retiree Organisations.

There are differences in premium rates starting from Base Policy as well as on Top Up premiums.

IBA policy refers rates on Top Up policy where as on KMD it is Super Top Up.We may notice such things in both policies.

Both circulars on Medi Insurance issued by KMD and IBA are available  here,to comoare, and it is left to retirees to choose from.

Refards,

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAB8w6edRVncka-S%3DhmqCBVQT93wSj_Aysot5AD46T6KmrWe_uQ%40mail.gmail.com.

[mohan p]

		Dear Friends, The premium for Base Policy of Rs 2lakhs starts from Rs.26454. In addition if one go for additional Top Up of  Rs.one lakh premium jumps to Rs.53613. We can see how much increase in  the premium  when we go for additional top up policy of Rs.2 lakhs or more   as furnished here under. How many of pensioners can afford the same?
	Premium Family incl Top Up(Without Domiciliary) (Rs.)
		TOP UP POLICY	PREMIUM	Total Policy Incl.Base₹2lks+	Premium incl of base Rs.2 lakhs
				200000	26454
		100000	27159	300000	53613
		200000	50919	400000	77373
		300000	58014	500000	84468
		400000	60860	600000	87314
		500000	70078	700000	96532
		600000	77130	800000	103584
		700000	80684	900000	107138
		800000	87070	1000000	113524
		900000	93456	1100000	119910
		1000000	101966	1200000	128420

On Tue, 19 Sep, 2023, 7:28 am mohan p, <moha...@gmail.com> wrote:

Dear Friends,

Please find the details of IBA Group Medi Insurance premium for retirees for 2023-24 here under:

--

[Lingan Ramalingam]

Thanks mohan sir,i am also from canbank.i will wait for the circular.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDRLnR-OgAFgCOyRRiNP-1mqyzJE23NPwfxS1DU-NXpHrg%40mail.gmail.com.

[Rajender Sharma]

Sir,

It is a huge betrayal on the part of the negotiating  parties to have 

signed such a worthless policy for the retirees.

It is high time that both AIBRF and AIBPARC,the apex organizations of the retirees,

reject this good for nothing policy and search new avenues.

One fails to understand why these two organizations cannot negotiate a policy

on their own  for the retirees who number in several lakhs .THe retirees are 

left high and dry every year and are made to suffer for no good reasons.

A big shame it is.

R.K.Sharma

[kandala ashok]

I think, finally, the reirees will opt for nondomicilliary insurance for two lakhs.earlier, people from villages and small towns used to go for medical treatment and it will reverse now. Hope some good doctors open hospitals in smaller areas, giving reasonable services t reasonable charges.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAAAFBgEskL1d3wp0O5gfnfcwziF1C93ha1Nv9yLe4Oj%3DATeHFA%40mail.gmail.com.