Bank will provide Financial Relief to Retirees/Family Pensioners on Premium of IBA’s Group Medical Insurance Scheme for 2022-23

Bank will provide Financial Relief to Retirees/Family Pensioners on Premium of IBA’s Group Medical Insurance for the period from 01.11.2022 to 31.10.2023 as under:-

Pensioners/family pensioners drawing gross pension upto Rs.30,000/- p.m. and other other retirees (PF Optee): Rs.3,000/- 

Pensioners/family pensioners drawing gross pension more than Rs.30,000/- p.m.: Rs.2,500/-.

The amount of Financial Relief will be credited centrally by HRMD,HO after 31.10.2022 in the account from which the premium amount was debited and no individual requests are required to be submitted by retirees/family pensioners in this regard.