Message For Bank Retirees

E-mail dated 18th October, ’18 from Com.R.K.Powar,
General Secretary, All India Union Bank Retirees’ Federation

Dear all,

Our best wishes for you and your family on the auspicious occasion of DUSSHERA!!!!!

Our Bank has issued Staff Circular No.6858 dated 15/10/2018 on the subject informing therein the revised premium rates for the renewal of group Health Insurance Policy for retired employees with 4 options. The copy of the above staff circular was earlier circulated for information.
Our Maharashtra State Unit has prepared a Note on the salient features of the Scheme with additional information to the members.  Please read the attached document and take proper care while exercising options.

The increase in premium for insurance policies with and without domiciliary benefit are unjustifiably steep. 

Our national organization AIBRF is pursuing with IBA and UIIC to consider to lower the premium and also to consider the proposal of reducing the insurance cover by Rs. 1.00 each in both the categories of retired employees by which the premium amount will be reduced to make it affordable to the retired employees particularly for pre-1986 retirees, award staff and family pensioners.  We will inform the developments in the matter.

The retired employees are instructed to carefully exercise option and choose the desired policy cover mentioned in SC No. 6958.

WE APPEAL TO OUR MEMBERS AND ALSO TO OUR RETIRED COLLEAGUES THROUGH OUR MEMBERS NOT TO OPT OUT OF THE IBA/UIIC INSURANCE SCHEME BECAUSE CERTAIN ADVANTAGES STILL EXISTS IN THE POLICY. 

WE ALSO APPEAL TO RETIRED COLLEAGUES NOT TO SURRENDER THEIR PERSONAL MEDI-CLAIM POLICIES.

In case of difficulty to exercise option, please contact the following office-bearers for assistance.
1. R. K. Powar - Mob:7710030963
2. M. K. Mundul - Mob:9769842350
3. D. A. Vengurlekar - Mob:  7021803895
4. S. S. Rane Mob: 9820599870
5. Anil Deshmukh Mob:9892908130
6. Arjun Kharat Mob: 9967358649
7. Bhaskar Dode Mob: 9833051169
8. S.G. Pawar Mob: 9769778785
9. Mahajan Mob: 9004454441
Regards,
R.K. Powar, GS,AIUBRF
Asst. General Manager(Retired)
Union Bank Of India
Tel: (M) 7710030963
email: rkpowar@gmail.com

_________________________________________


UNION BANK RETIREES’ WELFARE ASSOCIATION
(Regd. No. MS/Mum/189/2017/GBBSD dated18/01/2017)
A/12, Girdhar Apartment, Kastur Park, Shimpoli Road, Borivali (W), Mumbai 400 092.

SALIENT FEATURES OF MEDICAL INSURANCE SCHEME FOR
RETIRED EMPLOYEES – POLICY PERIOD 2018-2019

Point No. 1: Options available and the revised rates of premium for the sum Insured

Cadre Option No. Type of Policy Sum Insured
(Rs. in lakhs) Amount of Premium (in Rs.)
Retired Officers I Normal Renewal
(without Domiciliary cover) 4.00 24400 + 4392 GST =Total 28792
-do- II Renewal with Domiciliary
Expenses benefits - with domiciliary cover of Rs.40000/- 4.00 69808+ 12565 GST = Total 82373
-do- III Normal (Regular) Renewal with Super Top Up 5.00 (beyond regular sum insured
Rs. 4.00) =
Total 9.00 28792 + 5049 = Total 33841 (includes GST)
Retired award staff 1 Normal Renewal
(without Domiciliary cover) 3.00 18301 + 3294 GST
= Total 21595
-do- II Renewal with Domiciliary
Expenses benefits - with domiciliary cover of Rs.30000/- 3.00 52359 + 9425 GST
= Total 61784
-do- IV Normal (Regular) Renewal with Super Top Up 4.00 (beyond sum insured Rs. 3.00) =
Total 7.00 21595 + 4657 =
Total 26252

The hike in premium amount was originally quoted by UIIC by 110% and 144% for renewal of insurance policy, now quoted at 75% (earlier 110%) for without domiciliary and 123% (earlier 144%) with domiciliary. Following table will show the reduced amount of premium

Cadre Renewal quote without domiciliary
(in Rs.)
@ 110% Renewal quote with domiciliary
(in Rs.)

@ 144 % Final quote without domiciliary
(in Rs.)
@ 75% Final quote with domiciliary
(In Rs.)

@ 123%
Retired officers (sum Insured 4.00 lakhs) 29295+5273 GST = Total 34568 76516+13773GST = Total +90289 24400+4392 GST =Total 28792 69808+12565GST = Total 82373
Premium reduced by 00 00 5776 7916
Retired Award Staff (sum Insured 3.00 lakhs) 21973+ 3944GST= 25917 57931+10428 GST=
68359 18301 + 3294 GST
= Total 21595 52359 ++ 9425 GST
= Total 61784
Premium reduced by 00 00 4322 6575

1. OPD treatment (Domiciliary) is not covered under Super Top policy.
2. In case of claim the Basic Policy as per Option I & II will be triggered first and only if the Sum insured (Rs. 4.00 lakhs for officers and Rs. 3.00 lakhs for award staff) is exhausted, the Super Top up Policy will be activated.
3. The Room Rent has been revised to Rs. 4000 per day.

Point No. 2: Online Registration:

The option for the insurance policy is to be submitted to the Bank through online Registration.  The portal has been activated with the options to continue the insurance policy and also the option of withdrawal from policy. Following steps for the online registration:

1. Go to Union Bank of India Corporate Website, http://www.unionbankofindia.co.in This site can be accessed through any computer having internet facility.
2. Go to “information for Retired Staff” under “About Us” (About us > HR) in home page.
3. Click on “Online Registration Portal”.
4. Give your PF number and Date of Birth on the login page and click on “Generate OTP”.  Please go through all the instructions given on the log in page before proceeding.
5. OTP (one time password) will be sent to the registered mobile number of the retired employee.  This OTP is to be given against the desired field to proceed for online registration.
6. Upon providing the OTP, all personal details of the retired staff, including spouse details will be displayed in Form A. Please check the details like –email address, contact number and account number.  In case any of the above field is blank or incorrect, please fill/rectify the same.

7. SUBMISSION OF OPTION:

a) Continuation: Online registration provides to select options as given on page number 1 of this document to continue in the ensuing policy.
b) Withdrawal: For retirees who are presently covered under the Medical Insurance Policy but wish to discontinue the same.

PLEASE CHOOSE THE DESIRED OPTION AND CLICK “SUBMIT” BUTTON.

c) Upon submitting the application a registration number will be generated immediately. Please note down the reference number and if required save/print the screen shot for future reference.

d) MODIFICATION OF OPTION: If you desire to change the previous option already submitted, the computer will redirect to Form “B” automatically. The option chosen previously will be displayed on the portal along with date. Upon modifying the option, click to “submit” button.

e) Only online registration is to be carried out in the given portal of the bank.  Hard copy of consent/withdrawal will not be accepted by the bank.

f) DO NOT SEND/EXERCISE THE OPTION OR ANY COMMUNICATION TO ANY OTHER EMAIL ID OR GIVEN TO THE PENSION PAYING BRANCH. BANK WILL NOT ACCEPT THE SAME.




Point No. 3:

LAST DATE OF ONLINE REGISTRATION PORTAL WILL BE ACTIVE TILL MIDNIGHT OF 22/10/2018

Point No. 4:

1. The recovery of premium amount from the individual designated account will be carried out immediately.

2. If premium cannot be debited due to shortage of funds in the account/given account number being frozen/dormant etc., the Insurance coverage of such retiree staff will stand discontinued and the bank will not be responsible for non-availability of benefits/facilities under the renewed policy w.e.f. 01/11/2018.

3. Those retirees presently under policy with domiciliary cover will be able to continue with the same on payment of revised premium.  NO NEW RETIREE WILL BE ADMITTED FOR DOMICILIARY COVER.
4. Employees who retired between 01/11/2017 and 31/10/2018 will only be eligible for the scheme, including option of policy with domiciliary, if they so desire.

Point No. 5:

In case no option is exercised, it will be presumed that retirees have opted to continue in the ensuing policy with the same option as given for the existing policy and premium will be deducted from the registered account numbers for further remittance to UIIC accordingly.

Point No. 6: LOAN FACILITY:

Bank has agreed to provide financial assistance to the retired employees ----of our BANK to enable them to pay the Medical Insurance Premium, a special scheme under Retail Loans is under consideration which will be informed separately.

We expect that the rules and procedure for grant of Loan to pay Medical Insurance Premium 2018-2019 would be on same line as prescribed last year. We are informed if there is delay to release the circular on the subject matter, the loan will be granted to a retired employee even as reimbursement to the pension account against already paid premium at a later date.

Point No. 7:

The retired employees who are presently abroad may find it difficult to exercise option because they will not be able to get OTP on their registered mobile as they do not normally carry mobile handset with Indian number.  On taking up the issue, we are informed by the bank that such retired employees should send the email to the Employees’ Benefit department, Central Office.

These retired employees should inform the department that they are presently abroad and unable to return to India before 22/10/2018 to exercise option and hence request the Bank to help to register their option. In addition, the following details are also to be submitted in their email:
1.Full Name 2. Date of Birth  3.P. F.Number  4.Inform clearly about the option chosen.

If possible, also give mobile number of a relative residing in India to whom the OTP will be sent by the bank; and in turn the relative should relay the OTP to the retired employee staying abroad to enable option online. The OTP number will be available for 12 hours.

If they are unable to provide mobile numbers of relatives in India to the Bank, they should not mention the mobile number at all. The Bank’s personnel will “key-in” the option chosen by the concerned retired employee and the acknowledgement will be sent to the retired employee at his email address.

The email address of the department at Central Office is:

staffmediclaim@unionbankofindia.com

AND CC (COPY TO)

pneelakantan@unionbankofindia.com

Point No. 8:

All the retired employees should exercise their option “Online” before the stipulated date i.e. 22/10/2018.

The prescribed premium will be deducted on or before the due date.  Please ensure to maintain required balance in the given/designated account number from 22/10/2018 to 30/10/2018 on all days.

NO DEDUCTION WILL BE MADE ON 31/10/2018.

All retirees should check whether their designated accounts are debited by the bank with the correct premium amount opted by them & as per their designation at the time of retirement.