Post on 06-Jul-2018
8/18/2019 Medical Reimbursement Scheme for Bank Officers_Employees Under 10th BPS _ Banking School
1/7
4/21/2016 Medical Reimbursement scheme for Bank Officers/Employees under 10th BPS | Banking School
http://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/ 1/7
Home
Bank News Medical Reimbursement scheme for Bank Ocers/Employees under
10th BPS
Medical Reimbursement
scheme for Bank
O†cers/Employees under
10th BPS
The new medical reimbursement scheme scheme covers all the
existing employees/ocers in the bank service and same would also be
continued beyond their retirement/superannuation/ resignation etc.,
subject to payment of stipulated premium by them. New recruits will
be covered from their date of joining to the bank. The scheme also
includes the bene†t of cashless treatment facility in hospitals covered
by the scheme. The ocers / employees need not be required to share
the cost of such bene†ts under the new scheme.
The new Scheme would also cover the ocers/employees retiring from
the banks after the scheme is introduced as well the existing retired
ocers/employees of the Banks and dependent spouse subject to
payment of stipulated premium by them. The quantum of coverage forex-ocers is Rs. 4 lakh and ex-award sta is Rs.3 lakh. The quantum of
contribution towards premium payable by the retired/designed sta
will be decided by the individual banks. Till the new scheme is made
Go to...
Go to...
Trade Repository under PSS Act for OTC interest and F
http://www.bankingschool.co.in/category/bank-news/http://www.bankingschool.co.in/bank-news/trade-repository-under-pss-act-for-otc-interest-and-forex-contract/http://www.bankingschool.co.in/http://www.bankingschool.co.in/http://www.bankingschool.co.in/http://www.bankingschool.co.in/bank-news/trade-repository-under-pss-act-for-otc-interest-and-forex-contract/http://www.bankingschool.co.in/category/bank-news/http://www.bankingschool.co.in/http://www.bankingschool.co.in/
8/18/2019 Medical Reimbursement Scheme for Bank Officers_Employees Under 10th BPS _ Banking School
2/7
4/21/2016 Medical Reimbursement scheme for Bank Officers/Employees under 10th BPS | Banking School
http://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/ 2/7
eective and gets implemented, the existing provisions as per Bipartite
Settlement dated 27.4.2010 will continue to operate.
Salient features of the Scheme
1. The Scheme covers Employee + Spouse + Dependents +
any two of the dependent Parents /Parents-in-law.
2. Hospitalization / domiciliary hospitalization and
domiciliary treatment expenses will be reimbursed.
3. No age limit for dependent children (including step
children and legally adopted children.
4. A child/parents/parents in law would be considered
dependent if monthly income does not exceed Rs.10,000
/- per month.
5. Widowed Daughter and divorced / separated daughters,
sisters including unmarried / divorced / abandoned or
separated from husband/widowed sisters.(viii)
Physically/mentally challenged Brother / Sister with 40%
or more disability shall also be covered as Dependent.
6. Reimbursement shall cover Room and Boarding expenses
as provided by the Hospital/Nursing Home not exceeding
Rs. 5000 per day or the actual amount whichever is less.
7. Reimbursement shall cover Intensive Care Unit (ICU)
expenses not exceeding Rs. 7500 /- per day or actual
amount whichever is less.
8. Reimbursement shall cover Surgeon, team of surgeons,
Assistant surgeon, Anaesthetist, Medical Practitioner,
Consultants, Specialists fee, nursing charges, Service
Charges, Administration Charges, Nebulization Charges,
RMO charges, Anaesthetic, Blood, Oxygen,Operation
Theatre Charges, surgical appliances, OT consumables
,Medicines & Drugs, Dialysis, Chemotherapy,
Radiotherapy, Cost of arti†cial Limbs, cost of prostheticdevices implanted during surgical
9. procedure like pacemaker, de†brillator, ventilator,
orthopaedic implants, Cochlear Implant, any other
implant, Intra-Occular Lenses, infra cardiac valve
replacements, vascular stents, any other valve
replacement, laboratory/ diagnostic tests, X-ray CT Scan,
MRI, any other scan, scopies and such similar expenses
that are medically necessary or incurred during
hospitalization as per the advice of the attending doctor.
10. Hospitalization expenses (excluding cost of organ)
incurred on donor in respect of organ transplant to
ocers/ employee/dependent would also be covered for
8/18/2019 Medical Reimbursement Scheme for Bank Officers_Employees Under 10th BPS _ Banking School
3/7
4/21/2016 Medical Reimbursement scheme for Bank Officers/Employees under 10th BPS | Banking School
http://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/ 3/7
Tweet
reimbursement. Pre- and Post- Hospitalization expenses
payable in respect of each hospitalization shall be the
actual expenses incurred subject to 30 days prior to
hospitalization and 90 days after discharge.
11. Alternative systems of treatments other than treatment
under Allopathy or modern medicine shall include
Ayurveda, Unani, Siddha, Homeopathy and Naturopathyfor Hospitalization and Domiciliary treatment.
12. Day care Treatments shall be covered under the scheme.
13. Domiciliary Hospitalization shall be covered under this
scheme and would mean medical treatment for an
illness/disease/injury which in the normal course would
require care
14. and treatment at a hospital but is actually taken while
con†ned at home under any of the following
circumstances :
(i) The condition of the patient is such that he/she is not in
a condition to be removed to a hospital or (ii) the patient
takes treatment at home on account of non-availability of
room in a hospital. (iii) Treatment taken for speci†ed
diseases which may or may not require. (iv) Domiciliary
Hospitalization / Domiciliary Treatment : Medical
expenses incurred in case of the following diseases which
need Domiciliary Hospitalization /domiciliary treatment as
may be certi†ed by the recognized hospital authorities
and bank’s ’medical ocer shall be deemed as
hospitalization expenses and reimbursed to the extent of
100%.
Mr. Surendra Naik is a retired Chief Manager from Indian
Overseas Bank and Founder, Chief Editor of
www.bankingschool.co.in. He worked at IOB for three and
half decades and specialized in Credit Appraisal & Forex.
RBI reduces Key Policy rates by…
SURENDRA NAIK
http://www.bankingschool.co.in/mailto:surendra.personalid@gmail.comhttp://www.bankingschool.co.in/author/surendra-naik/http://www.bankingschool.co.in/bank-news/2182/https://twitter.com/sharehttp://www.bankingschool.co.in/author/surendra-naik/
8/18/2019 Medical Reimbursement Scheme for Bank Officers_Employees Under 10th BPS _ Banking School
4/7
4/21/2016 Medical Reimbursement scheme for Bank Officers/Employees under 10th BPS | Banking School
http://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/ 4/7
Reply
Reply
Reply
Reply
RBI releases Strate ic Debt Res…
narendra singh rana
September 14, 2015 at 10:11 pm
I m retd employee and willing to contribute under the scheme.
I tried to contact some friends/ branches but they have denied
for any such scheme in force. May I request to let us know the
progress on the subject. Forms in other banks are being †lled
now-a-days, some source informed.
Surendra Naik - Post author
September 15, 2015 at 11:14 am
Sir, IBA has signed new hospitalization scheme for all
bank's existing and all retirees sta. Some banks like
BOB have sent the option letter to each and every
retiree sta at home address. However, retirees of many
banks are still waiting for their bank's
circular/communication.You may therefore, contact
retirees' association of your bank or the association/
union where you were a member during your service
period, to collect the information. If nobody is available
to you, contact your head oce (PAD/retirees cell).
Regards- Surendra Naik
narendra singh rana
September 19, 2015 at 11:27 am
Thanks Sir for ur information. I will proceed
further in the matter.
r v mangrulkar
October 15, 2015 at 6:03 pm
sir,
many thanks for information.
please let me know implementation date of this scheme?
what will be premium employee will have to bear for this
scheme?
Surendra Naik - Post author
October 16, 2015 at 4:48 pm
(5) COMMENTS
http://www.bankingschool.co.in/http://www.bankingschool.co.in/http://sbi.co.in/http://www.bankingschool.co.in/loans-and-advances/npa-management/rbi-releases-strategic-debt-restructuring-scheme-for-bad-loans/http://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/?replytocom=884#respondhttp://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/?replytocom=971#respondhttp://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/?replytocom=859#respondhttp://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/?replytocom=861#respond
8/18/2019 Medical Reimbursement Scheme for Bank Officers_Employees Under 10th BPS _ Banking School
5/7
4/21/2016 Medical Reimbursement scheme for Bank Officers/Employees under 10th BPS | Banking School
http://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/ 5/7
Reply
Type and Press Enter
The terms of reference to the scheme has been
elaborately dealt with in the BPS which is applicable to
all the banks. More so a master policy is issued in the
name of IBA covering all the members. Hence, the only
variable component could be funding pattern of the
premium. Some of the banks have already issued
circulars regarding premium payable by the retirees and
some banks are on the process of issuing circular.
please keep in touch with your bank for the eective
date of the scheme. I understand that the scheme is
eective from 1st November 2015.
LEAVE A REPLY
Your email address will not be published. Required †elds are marked *
Name *
Email *
Website
Comment
Post Comment
Con†rm you are NOT a spammer
ABOUT THE PROJECT
COMMENTS
Blog Post: 5 Steps of Credit Appraisal - https://t.co/S50vnTJvu8
about 532 days ago
https://t.co/ZUJzyS5nbehttps://t.co/S50vnTJvu8http://twitter.com/#!/Banking_Schoolhttp://twitter.com/#!/Banking_Schoolhttp://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/?replytocom=976#respond
8/18/2019 Medical Reimbursement Scheme for Bank Officers_Employees Under 10th BPS _ Banking School
6/7
8/18/2019 Medical Reimbursement Scheme for Bank Officers_Employees Under 10th BPS _ Banking School
7/7
4/21/2016 Medical Reimbursement scheme for Bank Officers/Employees under 10th BPS | Banking School
http://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/ 7/7
Copyright © 2013-2015 BANKINGSCHOOL.CO.IN . All
rights reserved.
http://www.dmca.com/Protection/Status.aspx?ID=6490809c-eae5-4409-affc-f26a104081d8&refurl=http://www.bankingschool.co.in/bank-news/medical-reimbursement-for-bank-officersemployees-under-10th-bps/