IBA GROUP MEDI CLAIM INSURANCE POLICY AND TOP UP POLICIES.2017-18

[PM]

Dear Friends,

                            There need not have any doubt on subscribing to any Health Policy  especially by retirees.     This time retirees have advantage of Top Up Policies too apart from IBA Group Medi Claim Insurance Policy issued by United India Insurance Co.            

                           As we know,the IBA Group Medical Insurance Scheme for Retirees’ for 2016-17 is expiring on 31st October 2017.  United India Insurance Co. Ltd.has  informed  member Banks of IBA ,  the premium rates for renewal of Retirees’ Policy for the year 2017-18 and also for the new Super Top-Up policy for retirees.

 

From the circulars issued so far by few PSBs it can be seen that the premium  would be as follows for different categories:

 

A) Renewal premium for IBA Group Mediclaim Policy Without OPD (Without Domiciliary Cover) for 2017-18

 

 

Category	Sum Insured	Premium without GST	GST @18%	Gross Premium
Retired Officers	Rs.4,00,000	Rs.13935	Rs.2508.	Rs.16,443.
Retired Award Staff	Rs.3,00,000	Rs.10452	Rs.1881.	Rs.12,333.

 

B)Renewal premium for IBA Group Mediclaim Policy With OPD (With Domiciliary Cover) for 2017-18

 

Category	Sum Insured	Premium without GST.	GST @ 18%	Gross Premium.
Retired Officers	Rs.4,00,000.	Rs.31354.	Rs.5644.	Rs.36998.
Retired Award Staff	Rs.3,00,000.	Rs.23517.	Rs.4233.	Rs.27750.

 

C)  Super Top Up policy without Domiciliary coverage-2017-18

 

Category	Top Up Sum Insured	Premium without GST	GST @ 18%	Gross Premium per family incl. of GST
Retired Officers	Rs.5,00,000.	Rs.3225.	Rs.581.	Rs.3806.
Retired Award Staff	Rs.4,00,000.	Rs.2975.	Rs.536	Rs.3511.

 

 

Super Top-Up policy under United India Insurance Co Ltd:

 

􀂾 All retirees enrolled under IBA Group Medi Insurance,issued by UIICO last year,are allowed to join for super top-Up policy by paying the additional premium as mentioned above.

􀂾 The Super Top-Up policy for retirees will commence along with the main policy i.e. from 01.11.2017 to 31.10.2018.

􀂾 Domiciliary (OPD) treatment is not covered under Super Top-Up policy

􀂾 In case of the claim, the basic policy will be triggered first and only if the sum insured is exhausted, the super Top Up policy will be activated/utilised.

􀂾 The willingness for joining under new Super Top-Up policy has to  be exercised by retirees  along with main policy and the premium for the same will be debited by banks  along with main Policy, as per dates fixed by individual banks by 31^st Oct ’17.

-Follow the circulars of respective banks in this regard for detailed guidelines/due date for renewal premium/Top Up Premium..

 

II)Super Top Up Policy under initiative of AIBRF for retirees.

 

                AIBRF has informed earlier,about Super Top Up Policy  proposed by  by New India Assurance Company Limited through Pragmatic Insurance Broking Pvt, Limited .

                As of now,it is informed that New India Assurance Co Ltd,has  decided to increase the amount of sum insured under AIBRF New India Super Top Policy as under for the year 2017-2018.

 

Category	Top Up Sum Insured	Gross Premium Incl. GST @ 18%
Retired Officers	Rs.6,00,000.	Rs.3806.
Retired Award Staff	Rs.4,00,000	Rs.3511.

 

 

a)One more option for retirees to join the scheme without domiciliary (OPD) cover

M/s United India Insurance Company has extended one more option to the eligible retirees and spouse of deceased retirees/deceased employees who have not opted earlier to IBA Group Medical Insurance policy, for joining IBA Group Mediclaim Policy without domiciliary cover.

 

b) Option to switchover to “Without Domiciliary Cover”

 

The retirees who are covered under “With Domiciliary (OPD) Cover” for the year 2016-17 which is expiring on 31.10.2017 are allowed to switch over to “Without Domiciliary Cover” if they desire so. However, option to switch over to “With Domiciliary (OPD) Cover” is not available to such retirees who had opted for Without Domiciliary Cover for the year 2016-17 which is expiring on 31.10.2017

(Another point to be noted here is that as per discussion  held with CEO of IBA on 4 th Oct,17,by AIBRF delegation, it was clarified by IBA that at no stage insurance related issues of retirees including renewal premium for 2017-18 have been discussed by IBA with the insurance company/ broking firm so far, and IBA  has not approved any Super TOP policy and advised to member banks!)

 

                             Whatever it may be ,retirees can have their own decision on these matters,to have a Health Policy.

 

[Vvns Varaprasadrao]

The monthly pension received by some of our retiree friends is less than the medical insurance premium.

It is ridiculous to fix such exorbitant rate of premium.

It is nothing but robbing Peter to pay Paul.

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[Velayudhan Nair]

Yesterday, the Govt proposed some changes in GST.Would the premia get
affected dear PMji?



warm reg



CPVNAIR

On 10/6/17, PM <moha...@gmail.com> wrote:
>
>
> *Dear Friends,*
>
> * There need not have any doubt on subscribing

> to any Health Policy especially by retirees. This time retirees have
> advantage of Top Up Policies too apart from IBA Group Medi Claim Insurance

> Policy issued by United India Insurance Co. *
>
> * As we know,the IBA Group Medical Insurance

> Scheme for Retirees’ for 2016-17 is expiring on 31st October 2017. United
> India Insurance Co. Ltd.has informed member Banks of IBA , the premium
> rates for renewal of Retirees’ Policy for the year 2017-18 and also for the
>

> new Super Top-Up policy for retirees.*
>
>
>
> *From the circulars issued so far by few PSBs it can be seen that the
> premium would be as follows for different categories:*
>
>
>
> *A) Renewal premium for IBA Group Mediclaim Policy Without OPD (Without
> **Domiciliary
> Cover) for 2017-18*
>
>
>
>
>
> *Category*
>
> *Sum Insured*
>
> *Premium without GST*
>
> *GST @18%*
>
> *Gross Premium*
>
> *Retired Officers*
>
> *Rs.4,00,000*
>
> *Rs.13935*
>
> *Rs.2508.*
>
> *Rs.16,443.*
>
> *Retired Award Staff*
>
> *Rs.3,00,000*
>
> *Rs.10452*
>
> *Rs.1881.*
>
> *Rs.12,333.*
>
>
>
> *B)Renewal premium for IBA Group Mediclaim Policy With OPD (With
> Domiciliary **Cover) for 2017-18*
>
>
>
> *Category*
>
> *Sum Insured*
>
> *Premium without GST.*
>
> *GST @ 18%*
>
> *Gross Premium.*
>
> *Retired Officers*
>
> *Rs.4,00,000.*
>
> *Rs.31354.*
>
> *Rs.5644.*
>
> *Rs.36998.*
>
> *Retired Award Staff*
>
> *Rs.3,00,000.*
>
> *Rs.23517.*
>
> *Rs.4233.*
>
> *Rs.27750.*
>
>
>
> *C) Super Top Up policy without Domiciliary coverage-2017-18*
>
>
>
> *Category*
>
> *Top Up Sum Insured*
>
> *Premium without GST*
>
> *GST @ 18% *
>
> *Gross Premium per family incl. of GST*
>
> *Retired Officers*
>
> *Rs.5,00,000.*
>
> *Rs.3225.*
>
> *Rs.581.*
>
> *Rs.3806.*
>
> *Retired Award Staff*
>
> *Rs.4,00,000.*
>
> *Rs.2975.*
>
> *Rs.536*
>
> *Rs.3511.*
>
>
>
>
>
> *Super Top-Up policy under United India Insurance Co Ltd:*

>
>
>
> 􀂾 All retirees enrolled under IBA Group Medi Insurance,issued by UIICO
> last year,are allowed to join for super top-Up policy by paying the
> additional premium as mentioned above.
>
> 􀂾 The Super Top-Up policy for retirees will commence along with the main
> policy
> i.e. from 01.11.2017 to 31.10.2018.
>
> 􀂾 Domiciliary (OPD) treatment is not covered under Super Top-Up policy
>
> 􀂾 In case of the claim, the basic policy will be triggered first and only
> if the sum insured is exhausted, the super Top Up policy will be
> activated/utilised.
>
> 􀂾 The willingness for joining under new Super Top-Up policy has to be
> exercised by retirees along with main policy and the premium for the same
> will be debited by banks along with main Policy, as per dates fixed by
> individual banks by 31st Oct ’17.
>
>

> -*Follow the circulars of respective banks in this regard for detailed
> guidelines/due date for renewal premium/Top Up Premium..*
>
>
>
> *II)Super Top Up Policy under initiative of AIBRF for retirees.*
>
>
>
> * AIBRF has informed earlier,about Super Top Up Policy
> proposed by by New **India Assurance Company Limited through Pragmatic
> Insurance **Broking Pvt, Limited .*
>
> * As of now,it is informed that New India Assurance Co

> Ltd,has decided to increase the amount of sum insured under AIBRF New

> India Super Top Policy as under for the year 2017-2018.*
>
>
>
> *Category*
>
> *Top Up Sum Insured*
>
> *Gross Premium Incl. GST @ 18%*
>
> *Retired Officers*
>
> *Rs.6,00,000.*
>
> *Rs.3806.*
>
> *Retired Award Staff*
>
> *Rs.4,00,000*
>
> *Rs.3511.*
>
>
>
>
>
> *a)One more option for retirees to join the scheme without domiciliary
> (OPD) **cover*

>
>
> M/s United India Insurance Company has extended one more option to the
> eligible retirees and spouse of deceased retirees/deceased employees who
> have not opted earlier to IBA Group Medical Insurance policy, for joining
> IBA Group Mediclaim Policy without domiciliary cover.
>
>
>

> *b) Option to switchover to “Without Domiciliary Cover”*

>
>
>
> The retirees who are covered under “With Domiciliary (OPD) Cover” for the
> year 2016-17 which is expiring on 31.10.2017 are allowed to switch over to
> “Without Domiciliary Cover” if they desire so. However, option to switch
> over to “With Domiciliary (OPD) Cover” is not available to such retirees
> who had opted for Without Domiciliary Cover for the year 2016-17 which is
> expiring on 31.10.2017
>
>
> (Another point to be noted here is that as per discussion held with CEO of
>
> IBA on 4 th Oct,17,by AIBRF delegation, it was clarified by IBA that at no
> stage insurance related issues of retirees including renewal premium for
> 2017-18 have been discussed by IBA with the insurance company/ broking firm
>
> so far, and IBA has not approved any Super TOP policy and advised to
> member banks!)
>
>
>
> Whatever it may be ,retirees can have their
> own decision on these matters,to have a Health Policy.
>
>
>
>

> --
> 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.

[mohan p]

Dear Nairji,

                        Before implementation of GST, health insurance policies charge 15 percent as the service tax on the premium. After the updated GST is implemented, the medical insurance plans become costlier since ,it would attract an increase of 3 percent in its tax regime, making it 18 percent that will be charged on the premium from 1st July '17.

                        As of now there is no change,and what is shown in 

Msg is inclusive of 18% GST.

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>

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[Velayudhan Nair]

very pathetic.Actually, such items would have been subjected to re
consideration.So sad, PMji..



warm reg


CPVNAIR

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>
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[Velayudhan Nair]

Rightly said..but the beggars cannot be choosers...

On 10/6/17, Vvns Varaprasadrao <varapra...@gmail.com> wrote:
> *The monthly pension received by some of our retiree friends is less than
> the medical insurance premium.*
>
> *It is ridiculous to fix such exorbitant rate of premium.*
>
> *It is nothing but robbing Peter to pay Paul.*

>
> On Fri, Oct 6, 2017 at 9:50 PM, PM <moha...@gmail.com> wrote:
>

>> *Dear Friends,*
>>
>> * There need not have any doubt on subscribing

>> to any Health Policy especially by retirees. This time retirees have
>> advantage of Top Up Policies too apart from IBA Group Medi Claim
>> Insurance

>> Policy issued by United India Insurance Co. *
>>
>> * As we know,the IBA Group Medical Insurance

>> Scheme for Retirees’ for 2016-17 is expiring on 31st October 2017.
>> United
>> India Insurance Co. Ltd.has informed member Banks of IBA , the premium
>> rates for renewal of Retirees’ Policy for the year 2017-18 and also for
>> the

>> *Super Top-Up policy under United India Insurance Co Ltd:*

>>
>>
>>
>> 􀂾 All retirees enrolled under IBA Group Medi Insurance,issued by UIICO
>> last year,are allowed to join for super top-Up policy by paying the
>> additional premium as mentioned above.
>>
>> 􀂾 The Super Top-Up policy for retirees will commence along with the main
>> policy
>> i.e. from 01.11.2017 to 31.10.2018.
>>
>> 􀂾 Domiciliary (OPD) treatment is not covered under Super Top-Up policy
>>
>> 􀂾 In case of the claim, the basic policy will be triggered first and
>> only if the sum insured is exhausted, the super Top Up policy will be
>> activated/utilised.
>>
>> 􀂾 The willingness for joining under new Super Top-Up policy has to be
>> exercised by retirees along with main policy and the premium for the
>> same
>> will be debited by banks along with main Policy, as per dates fixed by
>> individual banks by 31st Oct ’17.
>>
>>

>> -*Follow the circulars of respective banks in this regard for detailed
>> guidelines/due date for renewal premium/Top Up Premium..*
>>
>>
>>
>> *II)Super Top Up Policy under initiative of AIBRF for retirees.*
>>
>>
>>
>> * AIBRF has informed earlier,about Super Top Up Policy
>> proposed by by New **India Assurance Company Limited through Pragmatic
>> Insurance **Broking Pvt, Limited .*
>>

>> * As of now,it is informed that New India Assurance Co

>> Ltd,has decided to increase the amount of sum insured under AIBRF New

>> India Super Top Policy as under for the year 2017-2018.*
>>
>>
>>
>> *Category*
>>
>> *Top Up Sum Insured*
>>
>> *Gross Premium Incl. GST @ 18%*
>>
>> *Retired Officers*
>>
>> *Rs.6,00,000.*
>>
>> *Rs.3806.*
>>
>> *Retired Award Staff*
>>
>> *Rs.4,00,000*
>>
>> *Rs.3511.*
>>
>>
>>
>>
>>

>> *a)One more option for retirees to join the scheme without domiciliary
>> (OPD) **cover*

>>
>>
>> M/s United India Insurance Company has extended one more option to the
>> eligible retirees and spouse of deceased retirees/deceased employees who
>> have not opted earlier to IBA Group Medical Insurance policy, for joining
>> IBA Group Mediclaim Policy without domiciliary cover.
>>
>>
>>

>> *b) Option to switchover to “Without Domiciliary Cover”*

>>
>>
>>
>> The retirees who are covered under “With Domiciliary (OPD) Cover” for the
>> year 2016-17 which is expiring on 31.10.2017 are allowed to switch over
>> to “Without Domiciliary Cover” if they desire so. However, option to
>> switch over to “With Domiciliary (OPD) Cover” is not available to such
>> retirees who had opted for Without Domiciliary Cover for the year 2016-17
>> which is expiring on 31.10.2017
>>
>>
>> (Another point to be noted here is that as per discussion held with CEO
>> of IBA on 4 th Oct,17,by AIBRF delegation, it was clarified by IBA that
>> at no stage insurance related issues of retirees including renewal
>> premium for 2017-18 have been discussed by IBA with the insurance
>> company/
>> broking firm so far, and IBA has not approved any Super TOP policy and
>> advised
>> to member banks!)
>>
>>
>>
>> Whatever it may be ,retirees can have their
>> own decision on these matters,to have a Health Policy.
>>
>>
>>
>>
>> --
>> 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.

>> Visit this group at https://groups.google.com/group/bankpensioner.
>> For more options, visit https://groups.google.com/d/optout.
>>
>

> --
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[madan lal Gupta]

Why the discount has not been provided as per policy term , where discount as per ratio of claims has been spell out which vary from 5 to 40% as per claim . this is cheating to retirees when someone has not claim any amount should get 40% discount.

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[J.P. Sethiya]

Dear Sir.

For IBA Medical insurance policy premium will be debited by bank as per the date fixed and policy will be renewed whereas  AIBRF proposed Super Top up Policy by New **India Assurance Company Limited through Pragmatic Insurance **Broking Pvt, Limited .* premium is to be paid by a cheque, and further in future no provision for direct debiting of premium for renewal of the same.

For retirees at this stage direct debit of premium for renewal of policies is always better.

Thanks.

JP Sethiya

Ex. Sr. Manager,

Canara Bank.

[PARASURAMAN K R]

Dear Friends,

The AIBRF NIA super top policy gives an additional coverage of 1 lakh for the same premium which is conveniently forgotten by some of our friends. Since the base policy is offered by UIIC the banks have accepted to debit the top up policy premium along with base premium. The super top policy of either UIIC or NIA has no backing of IBA and a separate one except for the purpose of triggering. The only limitation of NIA policy offered to AIBRF members is to send the appln and cheque and two sets of photo directly to the Insurance broker firm Pragmatic. I think we can enjoy an additional coverage of 1 lakh with same premium for this simple job of sending the premium directly with called for documents. 

[Siba Sethy]

AIBRF has not clarified that their Top up policy is applicable to all retirees.their circular shows that it is applicable only to the mambers of AIBRF  only.No response in this regard.

S P Sethy

Retiree-Uniojn Bank of India
09437310151

On Sun, Oct 8, 2017 at 7:31 PM, J.P. Sethiya <jset...@gmail.com> wrote:

[Siba Sethy]

Please also consider on following points.

All the informations are ok.But one should think of the situation regarding opting for Top Up Policy from UIIC or NIIc

From NIIC by paying same premium one can take 1 lac more Top Up policy this year, but next year premium will be more

                NIIC Policy will be issued NIIC A/C AIBRF. AIBRF still not clarified whether it can be taken by Non-Members of AIBRF.

From UIIC premium same but covers 1 lac less, Premium may hike next year.

                 One has to opt out from top Up Policy of UIIC if he/she has to take NIIC Policy.Next year onwards not eligible for UIIC,despite the enhanced Premium is less than that of NIIC.

Policy will be issued UIIC A/c IBA.

There is difference betwwen IBA and AIBRF.

                    plz think before final option, time is still there minimum 10/12 days.

S P Sethy

Retired from Union Bank of India

Not a member of AIBRF nor any other Federation.

Mob-09437310151

[PM]

Dear Friends,

                               It is to be noted that :

1. IBA Group Medi Claim Insurance Policy was issued earlier year in the name of Indian Bank's Association A/c with specific bank's name.Same policy will be renewed in same manner by United India Insurance Co Ltd,once renewal premiums are paid by retirees through respective banks.

2.But in the case of Top Up policy IBA reported not to have  given any instructions to member banks so far as per IBA's reply to AIBRF delegates when they met them few days. back

3. IBA further stated that they did't have any discussion with UIICO /Broking firm ( not with retirees organisations too) on renewal premium for 2017-18 or premium on Top Up Policy. IBA also states that Banks have followed UIICo /Broking firm  Quote/ letter and communicated  same by their own!

4. Therefore it is to be seen whether IBA will  give any directions to UIICO  on  reduction in premium on renewal of Master Policy or Top Up Policy ,  if their above reply to AIBRF is correct.

5. Let it be there. No doubt retirees should have Health Policy and Top up policy .Let retirees take their own decision based on available information,within the stipulated dates fixed  by Banks or AIBRF.(in case of their Top Up Policy)

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[PARASURAMAN K R]

Dear Mr Sethy, 

Please dont confuse members with your ignorance. Both UIIC top up and NIA top up has no backing of IBA if you are not aware. It is separate and the linkage is for triggering which means once the base policy amount is exhausted the beneficiary can use the top up. Renewal premium depends on so many factors and are applicable for both policies. The base policy of UIIC started with around Rs 7500/- and now it is around Rs 40000 for domiciliary policy.

Let the members study the scheme and form there own opinion. Please dont misguide them and thrust your half baked opinion on them.  

[subrat...@yahoo.com]

This is a bogus submission. Pls go through the AIBRF circular. UIIC policy does not have a backing of IBA but NIIC policy has the backing of AIBRF. You can easily judge the acceptability of top up policy of which organisation. Premium may hike or not depends upon claim ratio. In case of Domiciliary there is a huge hike, but IBA & UFBU remins silent in this regard. Can you raise your voice in that ? You are unable to understand the circulars First you should read carefully and then remark socially.

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[PARASURAMAN K R]

Dear friends,

What my friend has remarked is correct. " You can easily judge the acceptability of top up policy of which organization" by which he means one should decide whether to accept the policy of NIA which has the backing of AIBRF or of UIIC which has no backing of IBA.

One should understand how IBA has kicked the retirees on their face by being a party to the Record Note". One should also understand that but for the initiative taken by AIBRF  for introducing a top policy with NIA because of the negative attitude of IBA/UIIC towards top up policy in spite of several request UIIC would not have implemented the scheme. Now IBA/UIIC is fear of loosing the basic policy itself in case the NIA policy gets a huge support from the members and we should congratulate AIBRF for instilling such a fear in the minds of UIIC which is looting the retirees with the help of IBA by abnormally increasing the premium year after year by producing false claim ratio. Now there is a competitor and no monopoly will be allowed which is always good for the beneficiaries. 

Moreover one should also understand the role played by AIBRF in 100% DA case which alone adds to the credibility to the organization who are fighting for the interests of the retirees. So please judge for yourself who is your side and who is not and take the right decision. Because a majority took a wrong decision at the time of introduction of pension on the call of some vested interests the pension updation issue is remaining long pending. Had they heard the wise call then there would have no need to wait till 9th BPS for a second option and the consequent faced now for settling our issues.

with best wishes,    

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[Premraj Cheekoth]

 Retirees of  erstwhile Associates Banks of State Bank of India which were merged with SBI as on 1st April  2017 were covered by the IBA HEALTH INSURANCE SCHEME. State Bank of India has taken a decision to renew the IBA Policy of erstwhile Associate Bank Retirees with effect from 1st November 2017. Circular instructions in this regard is being issued by the concerned Local Head Offices of SBI covering the Head quarters of  erstwhile Associate Banks, SBBJ,SBP,SBH,SBM & SBT

SBI's  THIRUVANANYHAPURAM LHO ( KERALA) has issued the administrative instructions and circulated the format for  erstwhile STATE BANK OF TRAVANCORE retirees to opt for renewal of their IBA Health Insurance Policy expiring on 31 October 2017 for next year i.e. 2017-18 f  The last date for receipt of Option letters for Renewal of Insurance cover is 21 October 2017.

Premium rates are the same notified by United India Insurance Company for other Public Sector Banks under IBA policy. There is option to choose Top Up Policy also.

Please see the attached file for detailed instructions.

[Velayudhan Nair]

TKU Prema.This should be applicable to all E associate banks...


warm reg


CPVNAIR

On 10/13/17, Premraj Cheekoth <prem...@gmail.com> wrote:
>
> Retirees of erstwhile Associates Banks of State Bank of India which were
> merged with SBI as on 1st April 2017 were covered by the IBA HEALTH
> INSURANCE SCHEME. State Bank of India has taken a decision to renew the IBA
>
> Policy of erstwhile Associate Bank Retirees with effect from 1st November
> 2017. Circular instructions in this regard is being issued by the concerned
>
> Local Head Offices of SBI covering the Head quarters of erstwhile
> Associate Banks, SBBJ,SBP,SBH,SBM & SBT
>
> SBI's THIRUVANANYHAPURAM LHO ( KERALA) has issued the administrative
> instructions and circulated the format for erstwhile STATE BANK OF
> TRAVANCORE retirees to opt for renewal of their IBA Health Insurance Policy
>
> expiring on 31 October 2017 for next year i.e. 2017-18 f The last date for
>
> receipt of Option letters for Renewal of Insurance cover is 21 October
> 2017.
>
> Premium rates are the same notified by United India Insurance Company for
> other Public Sector Banks under IBA policy. There is option to choose Top
> Up Policy also.
>
> Please see the attached file for detailed instructions.
>
>
> On Friday, 6 October 2017 21:50:18 UTC+5:30, PM wrote:
>>

>> *Dear Friends,*
>>
>> * There need not have any doubt on subscribing

>>
>> to any Health Policy especially by retirees. This time retirees have
>>
>> advantage of Top Up Policies too apart from IBA Group Medi Claim Insurance
>>

>> Policy issued by United India Insurance Co. *
>>
>> * As we know,the IBA Group Medical Insurance

>> Scheme for Retirees’ for 2016-17 is expiring on 31st October 2017. United
>>
>> India Insurance Co. Ltd.has informed member Banks of IBA , the premium
>>
>> rates for renewal of Retirees’ Policy for the year 2017-18 and also for
>> the

>> new Super Top-Up policy for retirees.*
>>
>>
>>
>> *From the circulars issued so far by few PSBs it can be seen that the
>> premium would be as follows for different categories:*
>>
>>
>>
>> *A) Renewal premium for IBA Group Mediclaim Policy Without OPD (Without

>> **Domiciliary
>> Cover) for 2017-18*
>>
>>
>>
>>
>>
>> *Category*
>>
>> *Sum Insured*
>>
>> *Premium without GST*
>>
>> *GST @18%*
>>
>> *Gross Premium*
>>
>> *Retired Officers*
>>
>> *Rs.4,00,000*
>>
>> *Rs.13935*
>>
>> *Rs.2508.*
>>
>> *Rs.16,443.*
>>
>> *Retired Award Staff*
>>
>> *Rs.3,00,000*
>>
>> *Rs.10452*
>>
>> *Rs.1881.*
>>
>> *Rs.12,333.*
>>
>>
>>

>> *B)Renewal premium for IBA Group Mediclaim Policy With OPD (With

>> Domiciliary **Cover) for 2017-18*
>>
>>
>>
>> *Category*
>>
>> *Sum Insured*
>>
>> *Premium without GST.*
>>
>> *GST @ 18%*
>>
>> *Gross Premium.*
>>
>> *Retired Officers*
>>
>> *Rs.4,00,000.*
>>
>> *Rs.31354.*
>>
>> *Rs.5644.*
>>
>> *Rs.36998.*
>>
>> *Retired Award Staff*
>>
>> *Rs.3,00,000.*
>>
>> *Rs.23517.*
>>
>> *Rs.4233.*
>>
>> *Rs.27750.*
>>
>>
>>

>> *C) Super Top Up policy without Domiciliary coverage-2017-18*

>>
>>
>>
>> *Category*
>>
>> *Top Up Sum Insured*
>>
>> *Premium without GST*
>>
>> *GST @ 18% *
>>
>> *Gross Premium per family incl. of GST*
>>
>> *Retired Officers*
>>
>> *Rs.5,00,000.*
>>
>> *Rs.3225.*
>>
>> *Rs.581.*
>>
>> *Rs.3806.*
>>
>> *Retired Award Staff*
>>
>> *Rs.4,00,000.*
>>
>> *Rs.2975.*
>>
>> *Rs.536*
>>
>> *Rs.3511.*
>>
>>
>>
>>
>>

>> *Super Top-Up policy under United India Insurance Co Ltd:*

>>
>>
>>
>> 􀂾 All retirees enrolled under IBA Group Medi Insurance,issued by UIICO
>> last year,are allowed to join for super top-Up policy by paying the
>> additional premium as mentioned above.
>>
>> 􀂾 The Super Top-Up policy for retirees will commence along with the main
>> policy
>> i.e. from 01.11.2017 to 31.10.2018.
>>
>> 􀂾 Domiciliary (OPD) treatment is not covered under Super Top-Up policy
>>
>> 􀂾 In case of the claim, the basic policy will be triggered first and
>> only if the sum insured is exhausted, the super Top Up policy will be
>> activated/utilised.
>>
>> 􀂾 The willingness for joining under new Super Top-Up policy has to be
>> exercised by retirees along with main policy and the premium for the same
>>
>> will be debited by banks along with main Policy, as per dates fixed by
>> individual banks by 31st Oct ’17.
>>
>>

>> -*Follow the circulars of respective banks in this regard for detailed
>> guidelines/due date for renewal premium/Top Up Premium..*
>>
>>
>>
>> *II)Super Top Up Policy under initiative of AIBRF for retirees.*
>>
>>
>>
>> * AIBRF has informed earlier,about Super Top Up Policy
>> proposed by by New **India Assurance Company Limited through Pragmatic

>> Insurance **Broking Pvt, Limited .*
>>

>> * As of now,it is informed that New India Assurance Co

>> Ltd,has decided to increase the amount of sum insured under AIBRF New

>> India Super Top Policy as under for the year 2017-2018.*
>>
>>
>>
>> *Category*
>>
>> *Top Up Sum Insured*
>>
>> *Gross Premium Incl. GST @ 18%*
>>
>> *Retired Officers*
>>
>> *Rs.6,00,000.*
>>
>> *Rs.3806.*
>>
>> *Retired Award Staff*
>>
>> *Rs.4,00,000*
>>
>> *Rs.3511.*
>>
>>
>>
>>
>>

>> *a)One more option for retirees to join the scheme without domiciliary
>> (OPD) **cover*

>>
>>
>> M/s United India Insurance Company has extended one more option to the
>> eligible retirees and spouse of deceased retirees/deceased employees who
>> have not opted earlier to IBA Group Medical Insurance policy, for joining
>>
>> IBA Group Mediclaim Policy without domiciliary cover.
>>
>>
>>

>> *b) Option to switchover to “Without Domiciliary Cover”*

>>
>>
>>
>> The retirees who are covered under “With Domiciliary (OPD) Cover” for the
>>
>> year 2016-17 which is expiring on 31.10.2017 are allowed to switch over
>> to “Without Domiciliary Cover” if they desire so. However, option to
>> switch over to “With Domiciliary (OPD) Cover” is not available to such
>> retirees who had opted for Without Domiciliary Cover for the year 2016-17
>>
>> which is expiring on 31.10.2017
>>
>>
>> (Another point to be noted here is that as per discussion held with CEO
>> of IBA on 4 th Oct,17,by AIBRF delegation, it was clarified by IBA that
>> at no stage insurance related issues of retirees including renewal
>> premium for 2017-18 have been discussed by IBA with the insurance company/
>>
>> broking firm so far, and IBA has not approved any Super TOP policy and
>> advised
>> to member banks!)
>>
>>
>>
>> Whatever it may be ,retirees can have their
>> own decision on these matters,to have a Health Policy.
>>
>>
>>
>>
>

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[mohan p]

Dear Friends,

                             It is to be noted that the renewal of IBA Group Medi Claim Insurance for retirees has to be done before 31st Oct'17,by providing required premium on or before the last date given by individual banks.

Some banks have given dates as 25th Oct and it would be better to keep sufficient balance in account so that renewal takes place smoothly.Follow the guidelines of respective banks of each one.

Few banks have offered Loan for premium amount as done in last year .Since Top Up Policy is  new one Application for  joining the Scheme to be submitted as per bank's format.

Those who have not taken the policy earlier have an option this year to join under the Scheme which please note.

 1. Super TOP-UP Policy under United India Insurance Policy..

 

Coverage :     Retired Officers       : 4,00,000.00 + 5,00,000.00 = 9,00,000.00

Total premium to be paid: Rs.16443+Rs.3806=Rs.20249.

                             Retired Award Staff : 3,00,000.00 + 4,00,000.00 = 7,00,000.00

Total Premium.Rs.1 2333+Rs.3501.=Rs.15834

If with domiciliary cover premium may be at Rs.36998 plus Rs.3806 and Rs.27850+ Rs.3501 respectively for officers and award staff.

2.Under AIBRF Super top policy total coverage would be Rs.400000(Base Policy of UIICO)plus Rs.600000=Rs.10,00,000.for officers with a premium of Rs. 3806   for top up policy .Advantage can be seen here.

In this case cheque to be sent with format to TPA of New India Assurance Co Ltd.,for top up cover.

Under UIICO base as well as top up policy premium will be debited by bank from individual accounts.

Friends,Health Insurance Cover is a must for every retirees and top up cover is certainly another advantage.

Take your own decision before due date and ensure proper health cover on available policies.

Also note that this year IBA has not discussed with Insurance co on fixing renewal premium on base policy  for retirees and IBA has no role in terms or premium  on top up policies of UIICO/NI ACO.

(This is just for information and check up with bank /AIBRF circulars for details)

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[Sreenivasa Murthy]

Dear Sir,

Please let me know the TPA address and phone number of Unitead India Assurance Co for Indian Bank and Andhra Bank  Retirees at Hyderabad.for the year 2017-18.

I will be highly thankful.

Thanking you, Sir

T V Sreenivasa Murthy, Indian Bank Retiree

--

T V Sreenivasa Murthy.

[R Balaji]

Pl let me know how to download e card for corporation bank insurance

regrds

R BALAJI

KI SOLUTIONS/CAPRI

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[mohan p]

Dear Mr.Balaji,

                              For Corporation Bank,the TPA is Medi Assist.

You may go to www.medibuddy.in

and fill your Employer ID,Bank's name and your name .

You can view and print your E card related to your  renewed Medi Policy easily.