NEW MEDICAL INSURANCE SCHEME

Comrades,

Good news !!!

Bank has cleared the IBA medical insurance scheme on the lines of second suggestion  given by us. Bank will bear 50% of Insurance premium in respect of those who are already in REMAS scheme and who wish to join REMAS.  Those who are not and who donot want to be members of REMAS shall bear full cost of premium.

Bank circular is being issued.  Last date for giving option to join the new Insurance scheme is likely to be 28th of November 2015 and the scheme would commnce from 1st December 2015.

Our sincere thanks to our members for their support, to our patrons & IOBOA and also AIOBEU for their support as members of Welfare Committee.  Above all, to our CEO, EDs and our GM (PAD) Mrs. Indira Padmini.

ARISE appeals to all the retirees to join the New Medical Scheme since

  1. This is one time option,
  2. This is more beneficial,
  3. Insurance under REMAS will be substituted by the New Scheme and will be discontinued from 1.12.2015,
  4. More the number of members, more scope for reducing / or atleast maintaining the same premium,
  5. We are hopeful of improving bank’s share to 100% in the near future.

As regards REMAS, in order to avail the benefit of 50% of premium, all REMAS members should opt for New Medical Scheme. Other retirees should become REMAS members before 28.11.2015 to avail the benefit.

Please also try to trace out our PF optee retirees/their spouses and advise them to join this medical scheme since there is no record with Bank/ARISE to find out their present address.

 

General Secretary

 

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