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Daily Archives: October 7, 2023

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Salient features of modified Bank Retirees’ group medical insurance policy for 2023-24

Bank Staff, InsuranceBy Surendra NaikOctober 7, 2023

Salient features in the modified policy are as under 1. Top up and Super top-up is one and the same:  2. As per the expiring terms and conditions, domiciliary treatment will remain 10% of Base policy Sum Insured opted even for those who opted Single Person rate. 3. Domiciliary treatment is not covered under Top…

Govt. clears 100 % Dearness Relief to pre- November 2002 Retirees effective October 2023

Bank StaffBy Surendra NaikOctober 7, 2023

On Thursday (05.10.2023), DFS (Govt of India) cleared 100% D.R (Dearness Relief) to pre-1-11-2002 Retirees. It will be effective from 1st October 2023. No arrears shall be payable for the periods falling prior to the effective date. The 100% Dearness neutralization would benefit about 1,80,000 pensioners who retired from the Banks including from SBI prior…

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