Friday, November 10, 2017

Group Insurance Policy for Retirees Changes in list of TPAs - Letter to IBA by GS AIBRF

We reproduce below the letter written to IBA by GS AIBRF
Ref:2017/120                                                         Date:06.11.2017
    The Chief Executive
    Indian Banks’ Association

    Dear Sir
                            Re: Group Insurance Policy for Retirees
                                   Changes in list of TPAs
    We find that United India Insurance Company Limited, lead insurer under iba group policy for bank retirees has recently made many changes in the list of TPAs. We have yet to see official communication from IBA/ UIICL.

2. Because of the changes in TPAs panel done  by the insurance company , our members are facing many practical  problems  in availing cashless facility under hospitalisation as well as settlement of claims under reimbursement putting the members under severe hardship in getting timely treatment and financial pressure because of undue delay in settlement of claims. Insurance company may have their own reasons and logic for effecting the changes , but ultimately problems are being faced by the retirees. As you are aware the retirees who have taken this group policy include family pensioners super senior citizens getting ex-gratia payments, non-pensioners with very limited income and have with lot of constraints  shelled out heavy  insurance premium form Rs.  13000 to 36000 are put to very difficult and unimaginable situation when they face refusals from approved hospitals on approaching for treatment because of change of TPAs and existing TPAs refuse approvals. This situation is turning in to serious human problem for senior citizen and beyond tolerance.

3. Otherwise also, services of UIICL/TPAs are not satisfactory and of late  dissatisfaction level among retirees have gone up very high. There is general complaint that claims are kept pending for approval for 3 months and beyond. Even after getting approvals from TPAs, actual credit takes  another 60 to 90 days. There is need for urgent steps to take corrective action for improving the situation. IBA being sponsor of the scheme as welfare measure for retirees need to take immediate action in this area instead leaving it on the mercy of the insurance company/ insurance broker completely.

4. We wish to meet you and appraise with the  situation with various data and documents. We shall be glad if you will kindly give us appointment on priority basis.

              With Warm Regards.
                                                                      Yours Sincerely,
                                                                       ( S.C.JAIN)
                                                                GENERAL SECRETARY

c.c to UFBU Convenor & Constituents.



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