We reproduce below the circular issued by AIBRF on the above subject.
Quote
Ref: 2018/542 Date: 09.09.2018
The Office Bearers/ Central Committee Members/ State Body
Chiefs
A.I.B.R.F.
Dear Comrades
Re: Meeting with IBA Officials on 08.09.2018
Re: Group Medical Insurance Scheme for Retirees
We called on IBA Officials at IBA office in Mumbai on 08.09.2018 and brought the following issues pertaining to the Group Medical Insurance Scheme for retirees for their consideration and solution(a) United India Insurance Company has given one more option to the existing retirees to join the scheme by paying full year premium. Many banks have acted on the communication of insurance company, but some are waiting
for IBA communication. IBA was requested to immediately
issue suitable communication to banks so all eligible can take benefit of it.
(b) Insurance policy is due for renewal on 31-10-2018. We
requested IBA to finalise the renewal premium with the minimum increase at the earliest so retirees can create sufficient balance in their accounts for renewal. No fresh authority should be insisted by banks for payment of renewal premium. It may be stated that overall claim ratio for all banks put together in the first year has already crossed 230 percent. In view of this some increase in premium for renewal is inevitable.
(c) Top up concept should be introduced for additional cover to those who wish to avail it and are ready to pay additional
premium on the lines of SBI Scheme. We understand that
UIICL is not averse to this idea.
(d) Issue of reimbursement of domiciliary expenses to retirees under the insurance cover should be settled without further delay. We understand IBA is in regular touch with the
insurance company for finding some acceptable solution. It was brought to our notice without implementation of clause of domiciliary expenses, claim ratio has crossed limit of 230 percent. Therefore while settling the issue of domiciliary expenses, long term viability of the scheme with affordable premium cannot be overlooked.
(e) Issuance of ID Cards to retirees need to streamlined in view of problems being faced presently.
(f) Administrative setup at the bank level and TPA level for
smooth implementation of the scheme need to be strengthened.
IBA officials assured us to take up the above issues with the
insurance company in the forthcoming meeting for their early
solution.
With Greetings,
Yours Sincerely,
( S.C.JAIN )
GENERAL SECRETARY
Unquote
Quote
Ref: 2018/542 Date: 09.09.2018
The Office Bearers/ Central Committee Members/ State Body
Chiefs
A.I.B.R.F.
Dear Comrades
Re: Meeting with IBA Officials on 08.09.2018
Re: Group Medical Insurance Scheme for Retirees
We called on IBA Officials at IBA office in Mumbai on 08.09.2018 and brought the following issues pertaining to the Group Medical Insurance Scheme for retirees for their consideration and solution(a) United India Insurance Company has given one more option to the existing retirees to join the scheme by paying full year premium. Many banks have acted on the communication of insurance company, but some are waiting
for IBA communication. IBA was requested to immediately
issue suitable communication to banks so all eligible can take benefit of it.
(b) Insurance policy is due for renewal on 31-10-2018. We
requested IBA to finalise the renewal premium with the minimum increase at the earliest so retirees can create sufficient balance in their accounts for renewal. No fresh authority should be insisted by banks for payment of renewal premium. It may be stated that overall claim ratio for all banks put together in the first year has already crossed 230 percent. In view of this some increase in premium for renewal is inevitable.
(c) Top up concept should be introduced for additional cover to those who wish to avail it and are ready to pay additional
premium on the lines of SBI Scheme. We understand that
UIICL is not averse to this idea.
(d) Issue of reimbursement of domiciliary expenses to retirees under the insurance cover should be settled without further delay. We understand IBA is in regular touch with the
insurance company for finding some acceptable solution. It was brought to our notice without implementation of clause of domiciliary expenses, claim ratio has crossed limit of 230 percent. Therefore while settling the issue of domiciliary expenses, long term viability of the scheme with affordable premium cannot be overlooked.
(e) Issuance of ID Cards to retirees need to streamlined in view of problems being faced presently.
(f) Administrative setup at the bank level and TPA level for
smooth implementation of the scheme need to be strengthened.
IBA officials assured us to take up the above issues with the
insurance company in the forthcoming meeting for their early
solution.
With Greetings,
Yours Sincerely,
( S.C.JAIN )
GENERAL SECRETARY
Unquote
No comments:
Post a Comment