Medical Insurance Scheme for Bank Employees and Officers who have retired after 1-10-2015

Medical Insurance Scheme for Bank Employees and Officers who have retired after 1-10-2015

Continuation of Medical Expenses Reimbursement Insurance Scheme for employees/officers who have retired after 1-10-2015.
CIRCULAR TO ALL UNITS
8th August, 2016
Dear Comrades,

Reg: Continuation of Medical Expenses Reimbursement Insurance Scheme for employees/officers who have retired after 1-10-2015.

In terms of the 10th Bipartite Settlement and Joint Note on Officers Wage Revision, Banks have introduced the Medical Expenses Reimbursement Insurance Scheme and all employees and officers have been covered by the Scheme from 1-10-2015. Since the Policy commenced from 1st October, 2015, it will end on 30th September, 2016. Our Settlement / Scheme provides that employees/officers who retired during this period will continue to be covered by the policy upto 30-9-2016 and can continue in the Scheme thereafter on payment of the requisite premium.

However, the Insurance Policy for the retirees commenced from 1-11-0215 and comes to an end on 31-10-2015. In order to ensure coverage of the Policy for this interim period of one month ( 1-10-2016 to 31-10-2016), we took up the matter with IBA.

It is informed that United India Insurance Company has clarified to all the Banks that such retirees can continue in the Scheme by remitting one month pro-rata premium amount to cover upto 31-10-2016 and thereafter pay annual premium for future.

Alternatively instead of remitting one month pro-rata premium now and 12 months premium again thereafter, the retirees can also remit 13 months premium now and be covered upto 31-10-2017.

Units are requested to follow up the matter with their respective managements and ensure that retirees are covered by the policy as above.

With greetings,

Yours comradely,

S.NAGARAJAN 
GENERAL SECRETARY
AIBOA

C.H. VENKATACHALAM
GENERAL SECRETARY
AIBEA

Clarification from United Insurance Co. to all Banks dt. 18-7-2016

Subject: IBA MEDICAL INSURANCE – COVERAGE FOR EMPLOYEES RETIRED UPTO SEP 2016

Dear Sir/Madam,
With regard to the inclusion of the employees who have retired during the current policy upto Sep 30th, you may collect 1 month pro-rata premium for including them in the current retire policy which is expiring on OCT 30th. Thereafter, again 12 months premium is to be collected for including them in the policy starting from NOV 1st.

Alternatively instead of collecting premium 2 times, you may collect premium for 13 months.

Please keep ready the list of employees who have retired during the currency of the present employee policy.

The amount of premium to be collected shall be communicatedto you in due course.

Comments

Post a Comment

Popular posts from this blog

Central Government Office Holiday List 2023 - DoPT Order PDF Download

The important nodal Department of Central Government, the Department of Personnel and Training (DoPT) has today published a new list of Gazetted and Restricted Holidays for Central Government Offices located in Delhi/New Delhi to be observed in 2023. Central Govt Holiday India 2023 PDF Download Every year in June, the Department of Personnel and Training (DoPT) under the Central Government will release a new list of holidays to be observed next year for offices in Delhi or New Delhi. Check here is a list of holidays and optional holidays published in the Federal Gazette for 2023. Holidays to be observed to Central Government Offices during the year 2023 F.No.12/5/2022-JCA Government of India Ministry of Personnel, Public Grievances and Pensions (Department of Personnel and Training) Establishment (JCA) Section North Block, New Delhi Dated the 16 June 2022 OFFICE MEMORANDUM Subject: Holidays to be observed in Central Government Offices during the year 2023- reg. It has been de
Read more

7th CPC Pay Fixation on Promotion/MACP Calculator with Matrix Table

Image
7th CPC Pay Fixation on Promotion/MACP Calculator with Matrix Table Pay Fixation on Promotion/MACP Calculator as per 7th Pay Commission with Steps showing in Pay Matrix Table. Pay Fixation: One increment shall be given in the same level and placed equal or next higher amount in the promoted level. Increment: Promotion/MACP during the period from 2nd day of January to 1st day of July will be granted on 1st day of January. From 2nd day of July to 1st day of January will be granted on 1st day of July. In Matrix Table: Step 1: Locate Your Basic Pay in the Matrix Table Step 2: Grant of one increment in the same level Step 3: Locate the equal or next higher amount in the next promoted level Click to Check Your Pay Fixation on Promotion Calculators for CG Employees 7th Pay Commission Pay and Allowances  Calculator for CG Employees Click to read... 7th Pay Commission Pay and Arrears  Calculator for Defence Personnel Click to read... Defence
Read more

Revised Pay Scale from 1.7.2017 for Karnataka Govt Employees

Image
Revised Pay Scale from 1.7.2017 for Karnataka Govt Employees Check Your Revised Pension / Family Pension as on 1.7.2017 REVISED SCALES OF PAY:  The existing scales of pay are revised as specified below:-  DATE OF EFFECT: The revised scales of pay shall be deemed to have come into force with effect from 1st July 2017. The monetary benefit of the revised scales of pay shall be admissible from 1st April 2018. The increase in pay and allowances and pension on account of the revision of scales of pay shall be payable in cash with effect from 1st April 2018.  The revised scales of pay are linked to the cost of living situation represented by the index average of 276.9 points as on 1st July 2017 in the All India Average Consumer Price Index Numbers for Industrial Workers (General) (Base: 2001=100).  The revised pay scales are specific segments of Master scale of pay of Rs.17000-400-18600-450-20400-500-22400-550-24600-600-27000-650-29600-750-32600-850-36000-950-39800
Read more