Revised/Reduced premium payable by Bank retirees for Group Insurance Policy

The high light of this year November 2020 to October 2021This time policy pensioner has the option to cover the Group Medical Insurance Policy for Retirees policy for Self+Spouce or self alone. Revised Group Medical Insurance Policy for Retirees has a flexible coverage scheme. Retirees also may also opt for the base insurance coverage of Rs.1,2,3 or 4 lacs and Super Top-up coverage of Rs.2,3,4, and 5 lacs.

this year November 2020 to October 2021This time policy pensioner has the option to cover the Group Medical Insurance Policy for Retirees policy for Self+Spouce or self alone. Revised Group Medical Insurance Policy for Retirees has a flexible coverage scheme. Retirees also may also opt for the base insurance coverage of Rs.1,2,3 or 4 lacs and Super Top-up coverage of Rs.2,3,4, and 5 lacs.

November 2020 to October 2021This time policy pensioner has the option to cover the Group Medical Insurance Policy for Retirees policy for Self+Spouce or self alone. Revised Group Medical Insurance Policy for Retirees has a flexible coverage scheme. Retirees also may also opt for the base insurance coverage of Rs.1,2,3 or 4 lacs and Super Top-up coverage of Rs.2,3,4, and 5 lacs.

Flexible Optional Coverage Scheme

Retirees can choose cover of Rs. 1, 2, 3 or 4 lacs

Super Top Up would be Rs. 2, 3, 4, and 5 lacs

Also option for Self + Spouse or Self alone

Premium rates reduced

Further to our circular dated 03.10.2020

Further to our earlier Circular, National Insurance Company has sent their revise rates for Flexible Option coverage of Sum Insured. There is also an option to choose Self + Spouse or Self alone (in the case of single person coverage). BASE POLICY WITHOUT DOMICILIARY – PREMIUM INCLUDING GST
Sum insuredSelf + SpouseSelf
Rs. 4 lacs32,26419,358
Rs. 3 lacs24,19914,520
Rs. 2 lacs16,1339,680
Rs. 1 lac10,8906,534
BASE POLICY WITH DOMICILIARY – PREMIUM INCLUDING GST  
Rs. 4 lacs80,06748,040
Rs. 3 lacs60,05436,032
Rs. 2 lacs40,03624,021
Rs. 1 lac27,02416,215
SUPER TOP UP POLICY – PREMIUM INCLUDING GST  
SUPER TOP UP POLICY – PREMIUM INCLUDING GST  
Rs. 5 lacs6,5543,932
Rs. 4 lacs5,2433,146
Rs. 3 lacs4,1942,517
Rs. 2 lacs3,4082,045
Rs. 1 lac2,0971,258

Source : AIBEA circular

 
Surendra Naik

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