In the first year they refused to honour their commitment to give domiciliary benefits to the retirees despite signing specific settlement with IBA to do so.
In the second year they introduced domiciliary benefits scheme on restorative basis that too for extra premium unlike employees where domiciliary benefits continued to be unlimited with no extra premium while it is specifically written in the settlement that group insurance policy will be available to retirees on same terms and conditions and on same premium.
Now in third year, they have increased the premium by 400 hindered per cent. We are also unable to understand and appreciate business policy of insurance company/ broking firm not to discuss/ take feedback from our organisation who represent more than 1.6 lakhs retirees who use the scheme and pay for it before finalising renewal.
In coming years, Insurance company may increase premium again by 200 or 400
This is time that a national level, bank level and branch level discussion starts to assess pros and cons of present health insurance scheme imposed on bank staff by bank management during last bipartite settlement .