Group Mediclaim Insurance Policy for Bank Employees
CIRCULAR LETTER NO. 28/24/2017/25
13-7-2017
TO ALL OFFICE BEARERS/STATE FEDERATIONS/ALL INDIA BANKWISE ORGANISATIONS / ALL UNITS
Dear Comrades,
Reg: Group Medicliam Insurance Policy
Under 10th Bipartite Settlement, medical/hospitalisation expenses are reimbursed/settled under the Group Mediclaim Insurance Policy. The policy for the in-service employees/officers began from 1-10-2015 and for retirees from 1-11-2015. The policies have been renewed from 1-10-16 and 1-11-16 respectively.
We wish to share the following details for the information of our unions.
Banks covered under the Policy : 33 (for 2016-17)
Employees covered : 326,600
Officers covered : 295,400
Total staff covered : 622,000
Total lives/family members covered : 19.25 lacs
Total Premium paid : Rs. 762 cr + Tax
Claims settled so far/under process
As of end of June, 2017 : Rs. 515 cr
(Last year i.e. 2015-16 : 39 Banks – 7.10 lac employees/officers covered – Premium paid Rs. 390 crores – Claims settled Rs. 775 crores)
REITREES (2016-17) From Nov. 2016 upto June, 2017
WITH DOMICILIARTY
|
WITHOUT DOMICILIARY
|
TOTAL
|
|
RETIRED EMPLOYEES/OFFICERS COVERED
|
89,300
|
1,00,400
|
1,89,700
|
TOTAL LIVES COVERED
|
1,74,600
|
1,92,400
|
3,67,400
|
PREMIUM PAID
|
148 CR
|
129 CR
|
277 CR
|
CLAIMS PAID/UNDER PROCESS UPTO END OF JUNE 2017
|
195 CR
|
109 CR
|
304 CR
|
2016 -17 – IN SERVICE EMPLOYEES/OFFICERS – UPTO END OF JUNE, 2017
CLAIMS PAID
|
UNDER PROCESS
|
TOTAL
|
|
BY CASHLESS
|
210 CR
|
70 CR
|
280 CR
|
BY REIMBURSEMENT
|
112 CR
|
51 CR
|
163 CR
|
UNDER DOMICILIARY
|
61 CR
|
11 CR
|
72 CR
|
TOTAL
|
383 CR
|
132 CR
|
515 CR
|