For Bank retirees, the premium for mediclaim policies with domiciliary benefits may go up when renewal is due in November, as the existing mediclaim insurance policy for retired employees and officers will end on October 10, 2017, and will be renewed from November 1.
However, the premium for retirees for policies without domiciliary coverage will not undergo any change and will remain the same as last year.
New top-up policy
United India Insurance has now come up with an additional Super Top-Up policy for retirees offering Rs. 4 lakh for award staff retirees and Rs. 5 lakh for officer retirees.
The additional coverage under the top-up policy would be without the domiciliary coverage and it will commence from November 1, 2017, to coincide with the renewal of the main policy.
The premium should be paid along with the payment of the premium for the main policy. Third Party Administrators would be the same as the ones dealing with the main policy.
