Wednesday, August 17, 2016

Extension of Window Period for Retirees of the Banks for Joining the IBA Group Mediclaim Insurance Policy For the period ending 30th November, 2016.



A circular issued by AIBRF is reproduced below
Quote

Ref: 2016/529                                           Date: 16.08.2016

The Office Bearers/ Central Committee Members/ State Body Chiefs

Dear Comrades,

We below reproduce the communication issued by United India Insurance Company Ltd. On group medi-claim insurance scheme applicable to the bank retirees which is self explanatory.
   
    “Re: Extension of Window Period for Retirees of the Banks for    Joining the IBA Group Mediclaim Insurance Policy For the period ending 30th November, 2016.
We would like to inform you the window period for joining under retiree policy was initially closed on 31.03.2016. On request of the member banks it was further extended up to the period up to 31st May, 2016.
 Now we have been receiving request from the member banks to have one more chance to opt the retirees to join the IBA Group Mediclaim Insurance Policy(Retirees). We are pleased to inform you that the competent authority has decided to extend the window period for retirees and the proposals/options exercised on or before 30th September, 2016   by paying the full entitled premium only will be considered for inclusion. Thus please ensure that premium of leftover retirees received in the Bank's office on or before 30.09.2016 should reach us on or before 30.09.2016. This is a final and golden chance for the retirees to join and no further options after 1st October, 2016 for joining the scheme shall be allowed please note. ( Please note that those retirees opted out from this policy are not entitled to rejoin this scheme). 
At the time of renewal of the retirees’ policy only the following members will be covered.
1.     The existing employees covered under the EMPLOYEES policy and retired on or before 30th September, 2016 and their name should be there in the existing policy.
2.     The members covered under the existing retirees policy  and covered till 30th November, 2016 will be entitled to join the group Mediclaim policy  on the renewal of the policy by paying the  renewal


 premium.( Please note that those retirees opted out from this policy will be not covered at the time of renewal i.e. from 01st November, 2016.)
The Premium Charges.






We request you inform the all retirees at the earliest and remit the premium to us on or before 30th September, 2016.
Your early action will be highly solicited.”
    2. We request you to be guided by the above communication and take up the matter with the concerned bank management for its smooth implementation.

    3. As you are aware AIBRF has been consistently taking up issue of one more option to the left over to join the scheme. We are happy that it has been considered favorably.
    
    With Regards,

Yours Sincerely,     

 ( S.C.JAIN )
 GENERAL SECRETARY
  Unquote