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Proposed premium for retiree is high Additional premium proposed for with domiciliary expenses is more than domiciliary entitlment for one year ie
gross premium with 67721/- domiciliary Exp minus gross prem 25928/- without Dom exp -------- additiona premium 41793/- for dom expences whereas total yearly entitlement of Dom exp 10% of policy amount is Rs30000/- it means even if optee of this policy claims full entitlmen Rs30000/ HE PAID Rs11793/- more (workman staff) Like wise have to pay Rs15721/- more than his total entilement of Rs.40000/-
Daylight robbery of retirees by insurance company.I have been paying the premium for the past five years and not claimed even single rupee till date.had I put the premium amount in FD I would have saved rs70000. This year's premium as per quatation rs 35000 . That means I have paid RS 1.05 lacs for 6 years. Is it worth?
Proposed premium for retiree is high
ReplyDeleteAdditional premium proposed for with domiciliary expenses is more than domiciliary entitlment for one year ie
gross premium with 67721/-
domiciliary Exp
minus gross prem 25928/-
without Dom exp --------
additiona premium 41793/-
for dom expences
whereas total yearly entitlement of Dom exp 10% of policy amount is Rs30000/-
it means even if optee of this policy claims full entitlmen Rs30000/ HE PAID
Rs11793/- more (workman staff)
Like wise have to pay Rs15721/- more than his total entilement of Rs.40000/-
Union should pay premium
ReplyDeleteDaylight robbery of retirees by insurance company.I have been paying the premium for the past five years and not claimed even single rupee till date.had I put the premium amount in FD I would have saved rs70000. This year's premium as per quatation rs 35000 . That means I have paid RS 1.05 lacs for 6 years. Is it worth?
ReplyDeleteUnion leaders are still sleeping
ReplyDeleteConcerned bank should bear the premium of retirees
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteMediclaim premium is too high for retirees as per opinion of www.banktrainer.in
ReplyDeletePremium is high
DeletePlease make a comparison of premium in 2017-18 and 2018-19 and find the difference between two.
ReplyDeleteWhat is IBA GMC Supertop policy and who is eligible for the same?
ReplyDeleteIt's a sad state of affairs for the bank retirees. No pension updation but quantum increase in health premium every year.
ReplyDelete3 lakhs sum assured is very less. Lic employees have 50 lakhs with 3/4th prm being paid by Lic
ReplyDeleteThanks for sharing this post...
ReplyDeleteFind Quarterly Results of Public sector banks for Q1FY19....
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