IBA has advised all banks to renew the Medical Insurance Policy for in-service employees /Officers based on a revised quotation received from UIIC for the period 1.10.2018 to 30.09.2018
Premium payable on Policy for each in-service employees will be as under
Premium Amount:Rs.11613 Plus GST:Rs.2090 Total: Rs.13703
Premium payable on Policy for each in-service officers will be as under
Premium Amount: Rs.15483 Plus GST:Rs.2787 Total: Rs.18270
The original proposal of UIIC increase of 29%
As agreed between IBA and UFBU, bed charge/room rent per day is revised from Rs.4000 to Rs.5000/-
Policy for Retirees is due for renewal from 01.11.2011.2018. Reduction in premium is under discussion.
Extract from AIBEA circular letter no.28/100/2018/48 dated 01.10.2018
