IBA has advised all banks to renew Medical Insurance Policy for the working employees/officers for the Year 01.10.18 to 30.09.19

IBA has advised all the banks to renew the Medical Insurance Policy for the working employees/officers

for the Year 1st October 2018 to 30th September 2019 based on the following revised quotation received from UIIC:-

Premiums of Medical Insurance for working Employees/Officers for the Year

01.10.2018 to 30.09.2019

 

Sum Insured (Rs.)

Premium (Rs.)

GST (Rs.)

Total (Rs.)

For Workmen

300000

11613

2090

13703

For Officers

400000

15483

2787

18270

  Note: IBA and UFBU have agreed to revise the Room Rent from Rs.5000 per day to Rs.4000 per day. 

             Policy for Retirees is due for Renewal from 01-11-2018. Premium Rates for Retirees’ Policy are under discussion.