NEW MEDICAL INSURANCE SCHEME FOR RETIRED BANK EMPLOYEES

The Indian Bank Association is introducing a new mediclaim scheme for the existing retired bank employees at par with serving staff. It is proposed to take affect from 1-11-2015.

The annual premium to be paid by the retired officer is Rs 6573.00 plus service tax to get medical coverage up to Rs 4 lacs per year. Workmen and sub staff have to pay Rs 4930 plus service tax to get coverage of Rupees three lacs per year.

[Director HR of BSNL had indicated that the company is preparing a new scheme for medical claims for the BSNL staff and pensioners. A Committee is being constituted to review the Medical policy in BSNL. Against this background, the scheme for bank pensioners attains some significance.]