Circular issued by UFBU is reproduced below.
Quote
CIRCULAR No. UFBU/2018/14 Date : 08-08-2018
TO ALL
CONSTITUENT UNIONS/MEMBERS
Dear Comrades,
DISCUSSIONS
WITH IBA ON MEDICAL INSURANCE SCHEME
As already informed to units, bipartite
meeting was held today between IBA and UFBU regarding renewal of our Medical
Insurance Policy for serving employees/ officers as well as for the retirees
for the ensuing period 2018-19. IBA team was represented by Shri Rajkumar, Dy.
Chief Executive, Shri S K Kakkar, Sr. Advisor (HR&IR), and Shri K S Chauhan,
Sr. Vice President (HR). All our
constituent unions were present in the meeting.
IBA informed us that United India Insurance
Co. has given their proposal for hike in the premium on the Policies both for
the serving employees/officers as well as for the retirees as under:
Serving employees/officers : Increase in premium by 29% over existing rate
Retirees(without Domiciliary) : Increase in premium by 110% over existing
rate
Retirees (with Domiciliary) : Increase in premium by 144% over existing
rate
We strongly objected to such steep hike in
the rate of premium and informed the IBA that especially the hike in premium
for the retirees is too exorbitant and not appearing to be relatable to actual
claim ratio. We urged upon the IBA to
take up with UIIC to drastically reduce the premium.
IBA informed us that they are already
seized of the issue and the matter is being taken up with UIIC. We pointed out that the following points be
kept in mind while finalizing the issue:
-
There should be no attempt to discontinue
the policy. Policy should be continued
and renewed.
- ·
The premium rates should be drastically
revised downwards.
- ·
Pending discussion with UIIC, the Policy
for both serving employees and retirees should be extended upto 31-12-2018 with
pro rata premium.
- ·
Cost of upfront payment of annual premium
should be factored in while finalizing the premium rate.
- ·
Change in age profile of serving employees
and retirees should be taken into account while working out the revised premium
rates.
- ·
IBA should take up with the Government for
exemption of GST on premium amount.
- ·
Renewed Policy should include a penalty
clause for delayed sanction of bills/ reimbursement.
- ·
If broker will not be involved in the
scheme, suitable mechanism should be put in place to deal with cases of
repudiation of claims, etc.
- ·
Uniform guidelines should be given by IBA
for sanction of amount under Buffer allocation.
- ·
Premium should be worked out on a composite
basis by clubbing both serving employees and retirees.
- ·
Premium for retirees should also be paid by
the managements.
IBA took note of the above points raised by
us and assured to keep these views in mind while further dealing with the same.
Next
round of Talks on 18-8-2018:
Next round of Bipartite Talks (Sub-Committee) will be held on 18th
August, 2018. Discussions will be held
in the forenoon with the Officers Associations and in the afternoon with
Workman Unions.
With greetings,
Yours Comradely
(Sanjeev K Bandish)
Convenor
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