Wednesday, October 7, 2015

Medical Insurance for retirees - 3 months grace period to retirees under exceptional circumstances

According to medical scheme for retirees last date for giving consent to this scheme was 25th Oct. 2015, as the scheme will be operational from 1st Nov. 2015. Now IBA has advised banks to allow three months grace period for joining the scheme, to such retirees who could not give consent by stipulated date. The request of the retirees may be considered in exceptional circumstances , to the satisfaction of concerned bank.
Click here to view IBA circular


  1. Where can we find the procedure for applying for this insurance ? Is it the top-up insurance ?

    1. Individual bank circular or their website lays down procedure for applying for the insurance and authority to debit your account to pay the premium.


  2. Nice post, impressive. its quite different from other posts. Thanks for sharing.
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