| 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
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