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…
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…
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..
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…
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.
Delay of about four months in providing the data that is already available with offices and has since been transferred to Central office does not speak well of the functioning in the Bank. Die hard advocates of the bank who prefer to overlook inordinate delays in almost all matters pertaining to retirees and shower praises on the Bank for bringing the scheme on its own, must also consider that a suffering claimant’s account needs reimbursement that in many cases runs in thousands. Of what use the praise of the bank is to him?
This is in continuation of our earlier post dated 10th November. RBI has now issued detailed clarifications for GMP for OPD to RBI Pensioners by their circular dated January 1, 2018. Policy Period is – January 1, 2018 to December 31, 2018. As the circular consists of 16 pages, it has been divided into 9 sections, for…
Where a pensioner who has attained the age of 70 and is not a member of MAF Scheme but derives the benefit of MAF from his/her spouse’s membership with MAF Scheme, he/she will be eligible for the Scheme. And ,the spouse (he or she) will be eligible for this benefit before attaining the age of 70 years.
1. Group Mediclaim Policy from New India Assurance Company Ltd to cover OPD expenses to pensioners of 70 years of age and above which will commence from January 1, 2018 and will be valid up to December 31, 2018 has been introduced by the Bank vide HRMD circular dated November 10,2017. 2. The policy will cover pensioners and…
As the earlier cashless Medi claim policy taken from United India Insurance Company Ltd expired on August 14, 2017, RBI has, now, renewed the policy for a further period of one year (15-8-17 to 14-8-18) with United India Insurance Co.Ltd. (UIIC) on the mutually agreed terms and conditions. There is no change in the Third Party…
