Health Insurance Scheme

Read my views given below 

in the last. 

                                                                                                                          Ref:201/99                                                   Date : 10.10.2018

    The office Bearers/ Central Committee Members/ State Body Chiefs

    A.I.B.R.F.

    Dear Comrades

                Re: Reduced Renewal Premium of IBA policy for

                      Retirees for 2018-19 quoted by UIICL

    We request you to refer  our communications issued by us in recent past advising details of the efforts   made by AIBRF jointly with CBPRO and in coordination with UFBU for reduction in renewal premium quoted by UIICL for renewal of IBA policy for retirees for 2018-19 to bring the rates to the reasonable level.

2. Now because of continuous efforts made by retiree organisations, UFBU leadership and IBA,  IBA has now issued the enclosed circular giving reduced rates of premium. You will observe that they have  introduced new slab of Rs. 3 lakhs for officer staff and Rs 2 lakhs for award staff for 2018-19. Increase in premium has been reduced to 75 per cent from original quote with increase of 110 per cent in case of non-domiciliary and from 140 per cent to 123 per cent in case of domiciliary option.

3. Now new rates of premium for 2018-19 will be as under:

OFFICER STAFF        BASE POLICY   SUPER TOPUP         TOTAL

4 Lakhs                     28792          5049(5lakhs)            33841

3 Lakhs                     27745          7574 (5lakhs)           35319

AWARD STAFF

 3Lakhs                     21595          4657 ( 4lakhs)          26252

 2 Lakhs                    20320          6986  (4lakhs)          27306

4. We request our affiliates to approach respective bank management for issuance of necessary communication to retirees and timely action for collection of the premium. We request our affiliates to convenience the members to opt for the scheme in maximum number considering its attractive terms and conditions. AIBRF is committed to prepare long term policy before next renewal at affordable premium for all categories of retirees in coordination of all parties.

5. We have observed some anomalies in structuring premium rates. We are taking up with IBA/ Insurance Company for its rationalisation. 

 6. We convey our sincere thanks and gratitude to UFBU leadership & CBPRO for extending their valuable support for resolution of the issue to the satisfactory level. 

          

       

     

              With Warm Greetings,

   

                                                                  Yours Sincerely,

                                                            

                                                                    

                                                                       ( S.C.JAIN)

                                                         GENERAL SECRETARY

My Views are as under

Private insurance companies take better care and better service providers. Please explore possibility of getting policy from private insurers. Boycott banks insurance . They are exploiting in nexus with public insurance  companies. IBA and UFBU has not played any positive role.

If anyone has idea of private insurer please suggest with little details.

UFBU or IBA both are two sides of same coin.

If an individual opt for no insurance it will be better. Because in such case hospitals will also take proper care and charge reasonably.  There may be some exceptions to this idea.

However my views is that now retirees  association should think over other better options. My Views may not be good in all respect. 

But time has come that we all shoild weigh and assess the merits and demerits of bank oriented health insurance scheme and take a final call. After all they are not providing any financial aid to retirees.  Banks are raising premium by about 100 per cent every year which is not reasonable from any angle of considerations. In brief one can say that bank management is indirectly forcing retirees to make their own arrangements . They are no more in need of retirees. 

Individuals curse UFBU and IBA on social sites. But this way we cannot mitigate our hardship and cannot reduce our pain caused by exorbitant  rise in premium rates. Every year retirees have to face this drama.  After few years retirees eill have to pay premium in lakhs more than sum insured  if same rate of increase in premium continues.

It is true that retirees association  have written many letters to IBA snd UFBU for reduction in premium but the result is not at all satisfactory.  Bank management  and insurance companies in nexus with Bank Unions are just like online trading sites eg Amazon ad Flipkart where they double the MRP and then offer discount of few percentages to buyers.