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GMP for OPD to RBI Pensioners(70+)-Renewal- January 1,2020 to December 31,2020

RBI has renewed  GMP for OPD to RBI Pensioners by their circular dated December 31, 2019.  Policy Period is – January 1, 2020 to December 31, 2020. Details are given below: OPD Scheme – Details  1. Circular dated December 31, 19 2. Salient features  3.  TPAs names and Zones Allotted 4. Relationship Managers with email addresses…

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MAFS-Master Circular updated till 4th November 19

Bank has updated the Master Circular about Medical Assistance Fund Scheme (MAFS) in the light of the instructions issued till November 4, 19. We have split the Master circular in two parts.Part I – containing the detailed instructions and ,Part II – containing forms for official use.Members may view (Part I) here. Some extracts relevant…

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GMP-2019-20 under MAFs-updated stoppage charges as applicable to retired members

The rates for reimbursement of various items of medical expenses incurred for indoor/ outdoor treatment for the in service employees have been updated by the Bank and are given in the letter dated 21st September, 19. These rates are applicable for treatment taken at 8 metro centers. As room charges and ICU/ ICCU charges are…

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RBI-Medical Assistance Fund Scheme (MAFS)-GMP (2019-20) for RBI retirees ( August 15, 2019 – August 14, 2020)

As the earlier cashless GMP policy under MAFS taken from Bajaj Allianz General Insurance Company Ltd. expired on August 14, 2019, the policy has now been placed with New India Assurance company Ltd. for a further period of one year (15-8-19 to 14-8-20) on the mutually agreed terms and conditions. As there is a change…

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GMP for OPD to RBI Pensioners – ( 70+) Renewal – January1, 2019 to December 31,2019

As you may be aware that RBI has renewed  GMP for OPD to RBI Pensioners by their circular dated January 1, 2019.  Policy Period is – January 1, 2019 to December 31, 2019. Details of circular are given below:  1. Forwarding letter.  2. Salient features  3.  TPAs names and Zones allotted 4. Relationship Managers with email…

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RBI-Medical Assistance Fund Scheme (MAFS)-GMP (2018-19) for retirees -E-Card download

But it has been a continuing general grievance for the past several years that whenever a new insurer  is introduced for reasons best known to bank,  the ID cards are not dispatched within  reasonable period . It is so because at the time of changing the insurer, the bank does not impose a condition that cards are  issued within one month invariably. And if not , a penalty clause must have been included in the agreed terms and conditions..

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RBI-Medical Assistance Fund Scheme (MAFS)-GMP (2018-19) for RBI retirees ( August 15, 2018 – August 14, 2019)

As the earlier cashless GMP policy under MAFS taken from United India Insurance Company Ltd expired on August 14, 2018, the policy has now been renewed for a further period of one year (15-8-18 to 14-8-19)  with Bajaj Allianz General Insurance co. Ltd.  on the mutually agreed terms and conditions. As there is a change…

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Medical Assistance Enhanced to Pre-January 1,1986 RBI retirees or their family members

Bank has  enhanced the quantum of Medical Assistance  being paid to pre-January 1, 1986 retirees or their family members who are drawing family ex-gratia or ex-gratia relief as under:   Class / Grade at the time of retirement /death while in service Medical Assistance Class IV Rs. 9050/-   Class III RS.10,100/- Officer in Grade A,B,C Rs.11,700/-…

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GMP for OPD to RBI Pensioners-Delay in reimbursement of claims for spouses

In no case, such claims should be kept pending for reimbursement as it amounts to hardship and suffering for the pensioners on account of deficient functioning of the Scheme by Insurance Company for which Bank cannot claim immunity as per law being the originator of the scheme duly published and circulated.