United India Insurance Co Ltd has sent a letter dt 13th Sept'17,to IBA on renewal premium of retirees under Group Health Insurance Policy with/without domiciliary cover as well as premium on Super Top policy for the year 2017-18. Premium rates are as following.
Officer retirees
Officer retirees
without domiciliary cover :Rs.16,443.
with Domiciliary cover : Rs.36,998.
with Domiciliary cover : Rs.36,998.
Award staff retirees
without domiciliary cover : Rs.12333.
with Domiciliary cover : Rs. 27750.
Premium on Super Top Policy
with Domiciliary cover : Rs. 27750.
Premium on Super Top Policy
Officer retirees : Rs.3806.
Award staff retirees : Rs.3511.
One more option will be given to existing retirees for joining the Retiree Health Policy without domiciliary cover.
For details click on the following link.
Click here to view letter by UIIC to IBA
For details click on the following link.
Click here to view letter by UIIC to IBA
I do not understand how banks or associations are accepting the abnormal premium quoted by U I C as Rs 36,998/- with domiciliary services. where is the end if the premium is being demanded with so much increase without any control. I do not know how a retiree can pay that much of premium when he is getting very nominal pension?
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