NEW MEDICAL INSURANCE SCHEME – SUPER TOP-UP POLICY

Dear Comrades,

You are aware that the Retirees are presently covered under Medical Insurance policy of United Insurance Company to the extent of Rs 4.00 lakhs in case of Officers and Rs 3.00 lakhs in case of award staff.  It has been the experience of the members covered under the medical insurance scheme for retirees that the amount of medical insurance provided under the scheme is inadequate. Hence,  some of the affiliates of CBPRO constituents had taken up the matter with the United India Insurance Co. for enhancing the Medical insurance cover by providing super top-up Medical Insurance Policy over and above the main policy.  Accordingly, United India Insurance Company has agreed for Super Top-up Policy in addition to the main policy whereby providing a coverage of Rs. 5.00 lakhs for officers and Rs. 4.00 lakhs for award staff at an additional premium of Rs. 3225/- and Rs. 2975/- respectively plus GST as applicable.

In this connection,  Joint Conveners of CBPRO have written  letters to IBA /UFBU (copy of letters attached hereunder) requesting them to take suitable steps to advise all the Member banks about the Scheme and formalise its implementation and maintain uniformity of the coverage and cost.  Since the original scheme is covered under the policy of United India Insurance Company, it would be appropriate to implement the Super Top-up Scheme through the same company for better and smooth administration.

100% DA neutralisation case in Supreme Court :

As regards the DA case in Supreme Court, where ARISE has also impleaded in the case, listed on 24th July 2017 was postponed to 26th July and has now been adjourned to 1st August 2017. We hope and trust to get a positive disposal in the case in the next hearing.

This is for your information.

Krishnaraj P

Joint General Secretary

Letter_to_CEO_IBA_26.07.2017 – Super Top-up Policy

Letter_to_Chairman_IBA_26.07.2017 – Super Top-up policy

Letter_to_UFBU_26.07.2017 – Super Top-up policy