NEW MEDICAL INSURANCE SCHEME – EXTENSION OF DATE FOR THOSE WHO HAD MISSED !

Comrades,

Renewal of IBA Group Medical Insurance had been done in the month of October with the last date of premium payment being 28th of October 2020.

In spite of the repeated reminders, still a few members have not joined/renewed the Insurance Policy on time.  To help those who have missed the chance for any reason, National Insurance company has permitted as one time option to join the scheme with effect from 1.12.2020, last date of payment of premium being 23.11.2020.  The relevant circular issued in this regard by our Bank is attached hereunder:

Please note that they have to pay the same amount of premium as advised in the Bank circular dated 09.10.2020 and their policy period will be only for 11 months ending on 31.10.2021 alongwith other insured retirees.

Regards,

Krishnaraj P

Joint General Secretary

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