Employees retiring between Oct.17 to Sep.18 have to become members of Med.Ins.Scheme by submitting application in HRMS by 12 Sep

IBA’s Group Medical Insurance Policy is expiring on 30.09.2018 and the employees retiring in between the policy period 01.10.2017 to 30.09.2018 are covered as active employees. They have to become the members of the scheme by submitting application through HRMS by 12.09.2018 upto 5.00 PM.

Policy for the retired employees starts from 01.11.2018 and there is a gap of one month i.e. October 2018.  United India Insurance Company vide their email dated 30.08.2018 has advised the pro rata premium of Rs. 1048/- and Rs. 2356/- (without Domiciliary coverage) for workmen and officers respectively and premium of Rs.1397/- and Rs. 3142/- (with Domiciliary coverage) for workmen and officers respectively that has to be paid by the retirees, in case they are willing to join.