IBA Group Medical Insurance Scheme for Retirees - Extension given to Left Out Retirees to submit their consent upto 25 Nov. 2022

 Renewal of IBA Group Medical Insurance Scheme for Retirees- Extension given to Left Out Retirees to submit their consent upto 25 Nov. 22

Bank has decided to provide an extended window for the left out retirees to join the IBA Group Medical Insurance Scheme on or before 25.11.2022 with the following conditions:
 
1. The coverage for Retired staff members and their spouse, enrolling during this extension period will commence w.e.f. 01.12.2022 and will be upto 31.10.2023.
2. Since, it is an optional exercise for facilitating the left out retirees, there will be no pro-rata reduction in premium and it will only be Annual (Yearly) premium. The premium payable is the same as communicated in HRMD Circular 654/2022 dated 04.10.2022.
3. Any treatment/claim during the break period (01.11.2022 to 30.11.2022) will be excluded from the cover.
4. This is one time exercise and no more extension or similar window will be allowed during the policy period.


The last date for submission of consent at branches is 25.11.2022. Consent may be submitted to any branch as per retiree/family pensioner convenience.