FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS
Acting President: P.P.Dhamija R-6/104, Raj Nagar, GHAZIABAD – 201002. Tel: 0120-4107104 / 9810186067 Email Id – premdhamija38@gmail.com | General Secretary : D Krishnan No.6/1, Sreshta Riverside Apartments, Wood Creek Road, Nandambakkam, Chennai - 600089 Tel : 9176635967 / 044 42850049. Email Id - dkrishnan1@gmail.com |
E circular No.DK/7 19-03-2022
Friends,
Reg: The Mediclaim options for 2022-23…..
Friends,
While we were eagerly waiting for news regarding the Govt. Notification on Family Pension, which somehow seems to be eluding us, at least for the present, we have received the LIC Circular dt 8th March 2022, regarding Mediclaim terms for the next year. While there is no major change except the increase in the highest limit of Floater Cover from its current position of 50 lakhs to 75 lakhs, an interesting addition too, has been announced which is the inclusion of an independent son within his age of 45.
This means that even a son within that age limit of 45, who is independently settled, with his own income and family, can be additionally brought in into the umbrella of the highest Floater Cover that you may have chosen. But his family members cannot be added. Of course, the Premium element for such addition, will not be under any scheme of subsidy which may be there for the Pensioner and wife. The major advantage here is the extension of the same Floater Cover limit for the independent son too. You may need to closely examine the extent of Premium that would be charged if one were to go for this extension offered. However, we find that even for the maximum floater cover of 75 lacs the monthly additional premium is Rs.356.17 only.
Actually, we had addressed a letter to the MD, EDs Personnel and O&S vide our letter dt. 25-01-2022 (Circulated earlier) suggesting changes that may make the Mediclaim scheme more pensioner-friendly. We had quoted the example of the GIPSA Employee Group whose terms for Premium and Limits of Hospital Room Rent are very much more favourable. And these are offered by the same group of General Insurance Companies! But somehow the LIC did not even obliquely make a reference to the feedback from us, in their 8th March 2022 Circular.
The Premium structure shows a 25% increase over last year and the Room Rent Limits remain where they were. We from the Federation Desk have addressed a rather straight- worded letter to the MD, pointing out to their lack of concern for our suggestions in the newly concluded terms for 2022-23. The Letter copy is also part of this Circular.
A lot of exchange of ideas among the Pensioner groups showed that the Premium increase would not be within the grasp of the current levels of Unrevised Pensions and that the option now given for Floater Cover limit increases cannot be taken advantage of under the current set of circumstances. Family Pensioners would be particularly disadvantaged with the high increase in the Premium structure.
This Analysis of the numbers, while true, should still not prevent pensioners from reaching out to the higher cover levels, because the Hospitalization expenses are shooting up by the day, and even at the cost of less affordability, one should take the offer for the higher protection it offers. We are all insurance people who prompt others to take appropriate additional Cover through Insurance, and we ourselves should not be seen dithering in the face of calculations, that may change in course of time when the long-awaited improvements happen. The option for increased Cover may not be open when such changes come about in the future.
The latest communication from the CO says the last date for communicating the option for change has now been extended to 31st of March from the earlier date of 25-03 -2022. Hoping that the Family Pension improvement will be Notified before the end of March, I sign off here wishing all of you a very happy and healthy time ahead…
D.Krishnan.
PS: Waiting for volunteer- Associations to come up with a proposal for hosting the Federation Executive Committee and General Council Meetings in May or June …
Encl: Letter dt. 15-03-2022 to the MD
D.Krishnan
No comments:
Post a Comment