| Renewal of UIIC Group Health Insurance Policy for Bank Retirees’ for the period 01.11.2018 to 31.10.2019 |
The renewal premium payable as per last year options and options for reduced basic insurance are given below under Option I, Option II, Option III & Option IV(a) & IV (b)
OPTION I
| RENEWAL WITHOUT DOMICILIARY COVER | CADRE (RETIREES) | SUM INSURED (RS.) | PREMIUM WITHOUT GST (RS) | GST @ 18 % (RS) | TOTAL PREMIUM (RS) |
| 1 | OFFICERS | 4,00,000 | 24400 (75%) | 4392 | 28792 |
| 2 | CLERKS | 3,00,000 | 18301 (75%) | 3294 | 21595 |
| 3 | SUB STAFF | 3,00,000 | 18301 (75%) | 3294 | 21595 |
| RENEWAL WITH DOMICILIARY COVER | CADRE (RETIREES) | SUM INSURED (RS.) | PREMIUM WITHout GST (RS) | GST @ 18 % (RS) | TOTAL PREMIUM (RS) |
| 1 | OFFICERS | 4,00,000 | 69808 (123%)
|
12565
|
82373 |
| 2 | CLERKS | 3,00,000 | 52359 (123%) | 9425 | 61784 |
| 3 | SUB STAFF | 3,00,000 | 52359 (123%) | 9425 | 61784 |
Premium Quote for Super Top-up Policy without OPD Cover for all retirees having
a base Policy with or without domiciliary cover :-
| RENEWAL WITHOUT DOMICILIARY COVER | CADRE (RETIREES) | TOP-UP
SUM INSURED (RS.) |
PREMIUM WITHOUT GST (RS) | GST @ 18 % (RS) | TOTAL PREMIUM (RS) |
| 1 | OFFICERS | 5,00,000 | 4279 | 770 | 5049 |
| 2 | CLERKS | 4,00,000 | 3947 | 710 | 4657 |
| 3 | SUB STAFF | 4,00,000 | 3947 | 710 | 4657 |
Threshold i.e. the sum insured under the main policy after which Super Top up Policy will trigger
OPTION II
| RENEWAL WITHOUT DOMICILIARY COVER | CADRE (RETIREES) | SUM INSURED (RS.) | PREMIUM WITHOUT GST (RS) | GST @ 18 % (RS) | TOTAL PREMIUM (RS) |
| 1 | OFFICERS | 3,00,000 | 23513 | 4232 | 27745 |
| 2 | CLERKS | 2,00,000 | 17220 | 3100 | 20320 |
| 3 | SUB STAFF | 2,00,000 | 17220 | 3100 | 20320 |
| RENEWAL WITH DOMICILIARY COVER | CADRE (RETIREES) | SUM INSURED (RS.) | PREMIUM WITHout GST (RS) | GST @ 18 % (RS) | TOTAL PREMIUM (RS) |
| 1 | OFFICERS | 3,00,000 | 66302 | 11934 | 78236 |
| 2 | CLERKS | 2,00,000 | 48853 | 8794 | 57647 |
| 3 | SUB STAFF | 2,00,000 | 48853 | 8794 | 57647 |
Premium Quote for Super Top-up Policy without OPD Cover for all retirees having
a base Policy with or without domiciliary cover :-
OPTION III
| RENEWAL WITHOUT DOMICILIARY COVER | CADRE (RETIREES) | TOP-UP
SUM INSURED (RS.) |
PREMIUM WITHOUT GST (RS) | GST @ 18 % (RS) | TOTAL PREMIUM (RS) |
| Threshold limit Rs.3 lakh | OFFICERS | 5,00,000 | 6419 | 1155 | 7574 |
| Threshold limit Rs.2 lakh |
CLERKS | 4,00,000 | 5921 | 1066 | 6986 |
| Threshold limit Rs.2 lakh | SUB STAFF | 4,00,000 | 5921 | 1066 | 6986 |
OPTION IV( a)
| RENEWAL WITH DOMICILIARY COVER | CADRE (RETIREES) | SUM INSURED (RS.) | PREMIUM WITHout GST (RS) | GST @ 18 % (RS) | TOTAL PREMIUM (RS) |
| (with domiciallry limit Rs.30000/- | OFFICERS | 4,00,000 | 64921 | 11686 | 76607 |
| (with domiciallry limit Rs.20000/ | CLERKS | 3,00,000 | 48694
|
8765 | 57459 |
| (with domiciallry limit Rs.20000/) | SUB STAFF | 3,00,000 | 48694 | 8765 | 57459 |
OPTION IV(b)
| RENEWAL WITH DOMICILIARY COVER | CADRE (RETIREES) | SUM INSURED (RS.) | PREMIUM WITHOUT GST (RS) | GST @ 18 % (RS) | TOTAL PREMIUM (RS) |
| (with domiciallry limit Rs.30000/- | OFFICERS | 3,00,000 | 64661 | 11099 | 72760 |
| (with domiciallry limit Rs.20000/ | CLERKS | 2,00,000 | 45433
|
8178 | 53611 |
| (with domiciallry limit Rs.20000/) | SUB STAFF | 2,00,000 | 45433 | 8178 | 53611 |
Room rent applicable for options (i), (ii), (iii) & iv(a )/iv(b) is Rs.4000 per day
Related article:Views: Revised premium for iba group medical insurance scheme for retirees-2018-19
The errors in accounting take place due to wrong posting of transactions, wrong totaling or…
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26…
When the trial balance does not tally due to the one-sided errors in the books,…
Errors in Trial Balance are mistakes made during the accounting process that cannot always be…
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26…
The Reserve Bank of India is expanding reporting requirements for foreign exchange transactions. Starting February…