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"HAPPY BIRTHDAY"

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Happy Birthday-13th OCTOBER 2017(FRIDAY)
"HAPPY BIRTHDAY-13TH OCTOBER 2017(FRIDAY) JASWINDER PAL SINGH SENIOR SPL ASSISTANT DON KALAN Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Om Parkash Sikri DEPUTY MANAGER ISMAILA BALDEV RAJ Addl. Associate 1 HANSLI BRIDGE, BATALA Ramesh Kumar SR. ASST. (BANKING) SME BRANCH, CHANDIGARH VEENA PACHPORE Addl. Associate 1 SEC 35-C, CHANDIGARH Ashok Kumar Goyal DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING Kuldeep Kumar Sharma DEPUTY MANAGER ZONAL OFFICE JAMMU Jaswinder Singh SENIOR SPL ASSISTANT TRIPRI PATIALA Dalbir Singh SR. ASST. (BANKING) UDHAMPUR Ambika Chugh ASSISTANT MANAGER AMBALA CITY Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Parveen Kumar Sharma ASST. GEN. MANAGER NRI JULLUNDER HEM SINGH Addl. Associate 1 KASAULI MANJINDER SINGH RANDHAWA ASSISTANT MANAGER ANAJ MANDI, SIRHIND MANDI ASHUTOSH JAIN Addl. Associate 1 ADB MALERKOTLA DEEP CHAND MANAGER LOHAKA Raj Kumar Bhagat DEPUTY MANAGER BHOGPUR SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD MUNISH BALI Addl. Associate 1 BANKING OPERATIONS DEPARTMENT-HEAD OFFICE PATIALA Nitin Soni DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING SANJEEV BHATIA ASSISTANT MANAGER BEESLA Sudhir Kumar DEPUTY MANAGER REWARI Gurupdesh Kaur CUST. ASST. (BANKING) ROPAR PAYAL MEHTA Addl. Associate 1 GHUMAR MANDI, LUDHIANA AMIT RAJ DEPUTY MANAGER HO PATIALA -OUTREACH/FINACIAL INCLUSION DEPTT Nitin Sharma DEPUTY MANAGER(S) ROHRU AMRITA DEEPAK Addl. Associate 2 JALANDHAR ZONAL OFFICE-RO-I JALANDHAR -ADMIN JASWANT SINGH ASSISTANT MANAGER S.A. JAIN COLLEGE, AMBALA CITY Vikas Goyal CUST. ASST. (BANKING) MANSA PANKAJ KUMAR TAMTA DEPUTY MANAGER NOORMAHAL ROAD ,PHILLAUR SIMRANJEET SINGH CUST. ASST. (BANKING) SPECIALISED AGRI COMM BR, PATIALA AVINASH KUMAR Addl. Associate 1 ABLU RIGZIN GURMETH ASSISTANT MANAGER ALSINDI Deepshikha . CLERICAL - ON PROB. MOHALI (S.A.S. NAGAR) Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND SUNIL KUMAR ASST. (BANKING) GHAGA Sandeep Dhillon ASSISTANT MANAGER AMRITSAR Ram . Kishan CUST. ASST. (BANKING) NAKODAR ROAD, JALANDHAR Amandeep Sharma CLERICAL - ON PROB. NANGAL BHUR *** table>

Tuesday, 17 November 2015

AIBEA : A Letter to IBA - Attempts to backtrack from the agreed to Medical Reimbursement Policy by United India Insurance Co.


AIBEA/GS/2015/90                                                    16th November, 2015

To
Chief Executive
Indian Banks’ Association
Mumbai.

Reg: Attempts to backtrack from the agreed to Medical reimbursement policy by United India Insurance Co.

While the newly introduced Group Medical Reimbursement Scheme for the employees and retirees is slowly getting normalised, we are highly disturbed to be informed that United India  Insurance Company has sent a mail to various Banks on 13-11-2015 stating that their Policy will not cover the following in the case of retirees:



1.   Maternity Expenses.
2.   Critical Illness Cover.
3.   Domiciliary Expenses.
4.   Corporate Buffer
5.   Dependents are not covered ( Only employee + Spouse).

In their email, UIIC has also stated that “Please note that the 100% premium will be refunded to retirees (subject to NIL claims till date) if retirees of the Banks are not interested to continue the policy those who have remitted the premium to us.”

In this connection, please refer to the following provisions in Schedule IV as well as Appendix I and II under the recent 10th BP Settlement signed by IBA on 25-5-2015 with the Unions:

Ø    The new Scheme as applicable to the officers/ employees in service would be continued beyond their retirement/superannuation/resignation, etc. subject to payment of stipulated premium by them.

Ø    The new Scheme would also cover the existing retired officers/ employees of the Banks and dependent spouse subject to payment of stipulated premium by them.

Ø    While reimbursement to the officers / employees shall be made by the Banks as hitherto, the Scheme shall be administered by the Banks through a scheme worked out between IBA/Banks and Insurance companies and officers / employees would in no way be directly bound by the terms and conditions of such scheme or arrangements.

Ø    Continuity benefits coverage to officers / employees on retirement and also to the Retired Officers / employees, who may be inducted in the Scheme. ( Clause 1.2.2 of Appendix I of X BPS)

Ø    Under Clause 1.4 of Appendix 1 of X BPS, Corporate Buffer  is provided for.

Ø    Under Clause 2.11 and 2.12 Appendix 1 of X BPS,  DOMICILIARY HOSPITALIZATION and DOMICILIARY HOSPITALIZATION are covered under the scheme.

Ø    Clause 3.1 of Appendix 1 of X BPS :  Domiciliary Hospitalization / Domiciliary Treatment : Medical expenses incurred in case of the following diseases which need Domiciliary Hospitalization /domiciliary treatment as may be certified by the attending medical practitioner and / or bank's ’medical officer shall be deemed as hospitalization expenses and reimbursed to the extent of 100%

Ø    There would be a continuity of this Scheme / benefits to the Retiring Officers / employees and their family and also to the Retired Officers / employees and their family.

Ø    Clause 6 of Appendix  II :  The allocation and use of this Corporate Buffer would rest with the individual management of the member bank. At the end of the year we would have a joint review on how many banks have totally utilized their Corporate Buffer and how many other member banks have not utilized their Corporate Buffer totally. The unutilized Corporate Buffer of the member banks would now be proportionately available to the member banks whose Corporate Buffer has been totally utilized. This would be one of the major benefits of the Group underwriting of all the member banks under one policy

While the above are some of the provisions of the Settlement, it is totally impossible for UIIC to go back on these provisions after the commencement of the  Policy and payment of premium to them.

Not covering maternity expenses of the retirees is understandable but still it is ridiculous to mention it.

Critical illness cover is also applicable to the employees only as it is clearly mentioned in the Scheme/Settlement.

But domiciliary treatment and corporate buffer are integral part and conditions of the Scheme and cannot be separated for the retirees.

The whole scheme has been worked out with all these ingredients and removing any portion of it will make the whole scheme to fall.

Further, UIIC’s position that “ Please note that the 100% premium will be refunded to retirees (subject to NIL claims till date) if retirees of the Banks are not interested to continue the policy, those who have remitted the premium to us ” is absolutely untenable and illegal at this stage.   We feel that UIIC has crossed the line wrongly.

We are highly disturbed and agitated about these developments.  UIIC cannot take IBA and UFBU for granted.  UIIC cannot play with the bank employees like this. 

IBA’s immediate and urgent intervention is necessary.



We await,

Yours faithfully,

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