Fwd: Group MEDICAIM policy of L I C of India - Choosing the Family Floater Cover commensurate with my means.

From: P Ramanathan <suprashanth2@gmail.com>
Date: 19 April 2016 9:59:54 am IST
To: "os.chennai-do1@licindia.com" <os.chennai-do1@licindia.com>
Cc: "sdm.chennai-do1" <sdm.chennai-do1@licindia.com>,  "sz_eos@licindia.com" <sz_eos@licindia.com>
Subject: Group MEDICAIM policy of L I C of India - Choosing the Family Floater Cover commensurate with my means.

     Please refer to my trailing mail on 03/03/2016 to you.

     I learn that "THERE IS AN ALL ROUND  STEEP INCREASE OF AROUND 43.64% IN PREMIUMS FOR ALL THE AGE GROUPS AND THE SUM INSURED" which is variously described as "illogical", "inequitable", "inexcusable", "unethical", "unreasonable", "unprecedented", "unjustifiable", "unacceptable", "unfair", "unheard of", etc.

     Kindly INFORM THE PREMIUMS ACCORDING TO THE NEW RATES THAT I HAVE TO PAY (WILL BE DEDUCTED FROM MY MONTHLY PENSION) FOR A FAMILY FLOATER COVER OF (1) Rs.20 lakh, (2) Rs.25 lakh & (3) Rs.30 lakh to enable me to decide which of the sums insured to go in for commensurate with my means.

      P. Ramanathan : Date of Birth : May 12, 1938 ; spouse M. Shantha Ramanathan, Date of Birth : April 11, 1944.
     As the last date for withdrawing the earlier CONDITIONAL option (exercised on 03/03/2016) is the 30th inst. (just eight days hence) AN EARLY RESPONSE IS IMPERATIVE, PLEASE !

     Thank you.

     Regards.

P. Ramanathan.

S R No. : 510396 ; Pension ID No. : 770100195.

    

Sent by P. Ramanathan to OS, Chennai D O 1 of L I C of India on March 03, 2016 :

LIFE INSURANCE CORPORATION OF INDIA
    Office Services Department
    Office : Chennai D O 1, MADRAS - 2.
OPTION FORM FOR INCREASED FAMILY FLOATER MEDICLAIM COVER

Name of the employee / retired employee  : P. RAMANATHAN
S R No.                                                       : 510396
Pension File ID No.                                     : 770100195
Date of retirement                                       : May 31, 1996
Applicable category                                     : I
Covered for compulsory family floater sum assured of ₹6 lakh
     My family members and I, who are already covered for ₹20 lakh by the Group Mediclaim Policy of L I C of India as per rules, opt for the increased family floater sum assured (compulsory + additional) of ₹30 lakh with effect from 01/04/2016 in terms of Circular No.CO/PER/ER-A/115/2016 dated 12/02/2016 of the Central Office of the Corporation.
     I further certify that I have gone through and understood the contents of the said circular and shall abide by all of its provisions and any subsequent modification in terms and conditions in this regard.
     I confirm that this option is irrevocable, i.e., cannot be revoked by, me except in terms of the Circular No.CO/PER/ER-A/120/2016 dated 26.02.2016.
     Particulars of the members of my family covered under the Group Mediclaim Scheme of the Corporation are as under :
     1. P.   Ramanathan                 Self
      2. M. Shantha Ramanathan   Spouse

          P. Ramanathan
Signature of the retired employee :
Place : MADRAS - 24.     Date : March 02, 2016

        FOR OFFICE USE ONLY

1. Existing compulsory Family Floater Sum Assured of the retired employee : ₹
2. Number of members of family of the retired employee covered under Group MEDICLAIM Scheme :
3. Total Floater Sum Assured as per the option given, vide Circular No.CO/PER/ER-A/115/2016 dated 12.02.2016 : ₹
4. Annual premium per member : ₹
5. Total premium deductible / chargeable from the retired employee : ₹

                                 (Signature of A.A.O / A.O. of O S Dept.)
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