News On Legal Action Initiated Against Bank Management

Kerala High Court today (24.10.2018) admitted Writ Petition No 34611 of 2018 viz. V Rajan Babu vs. Union of India & union Bank of India challenging 
56 Percent of CPF and 2.8 times pay for Nov 2007 collected to Pensiin Fund , denial of pension from date of retirement to 26.11.2009 and seeking updating of pension sponsored by Common Cause consortium Kerala and ordered notice to respondents which will go tomorrow

Regards

C N Venugopalan

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Very important & useful information for all bank retirees who have opted for Mediclaim Insurance coverage..........

Sharing as received :

Delhi HC : Mediclaim Insurance Policy A & B : Writ Petition ( Civil ) No 264/2018 : Manohar Lal & Others Vs SBI & UIIC : In the Court of Hon’ble Mr Justice Vibhu Bakhru ( Court No 14 ) : As already Informed Writ was filed by our team on 10.01.18 & it was placed before the Hon’ble Court today at 12.34pm 

Our Counsels pleaded that as per Guidelines for IRDA : Health Insurance Cover :  circulated vide Gazette Notification dated 16/07/17 ( page no 35 ) ‘ Premium on Health Cover for Senior Citizens has to be Fixed for initial 3 years whereas Bank , UIIC have hiked it to multiple times making it unaffordable to the extent that premium now Fixed is equal to 4-8 months Pension, in violation of above guidelines. Hon’ble Court was convinced and told the Banks’ Standing Counsel to look in to the matter urgently and respond to the petitioners within 15 days time . Hon’ble Court also told our Counsels to approach IRDA , an Statutory Body for the purpose and if not satisfied with their responses than to come back to the court for further hearing/ order .