Mistakes in debiting Insurance Premium of retirees

Good Heavens,what a meticulous fup,what a sane advice.

This is the hallmark of Professional Pensioners Fedns Proficiency,working hard ,labour of love,sacrifice for the cause of others welfare, thoroughness with nuts and bolts of all rules, liaison with Mgt, what more is required

HATS OFF to Sri BGRaithatha

RBKishore

VP,AIRIEF

ED(Retd),LIC

Our Bank's mistakes in debiting Insurance Premium of retirees

    We have received following types of complaints from some of our members about the Bank's mistakes in debiting their Insurance Premiums. 

(1) Premium is debited at the lower rate - according to Option I (i.e. without domiciliary treatments) though the Formats were filled in for Option II (i.e. with domiciliary treatments).

(2) Premium is debited at the higher rate - according to Option II (i.e. with domiciliary treatments) though the Formats were filled in for Option I (i.e. without domiciliary treatments) or no format was filled in.

(3) Premium is not yet debited 

(4) Though the formats for withdrawal from the insurance cover were submitted, the premium is debited. 

    In such cases, the members should take following steps.

(1) If the Option Form was sent by e-mail, the same e-mail (along with its attachment) should be re-forwarded to Ms. Padma Nilkantam, Assistant General Manager (HR), Union Bank of India, Central Office, Mumbai on her e-mail ID                                             < pneelkantan@unionbankofindia.com > requesting her to correct the mistake.

(2) If the Option Form was handed over to the Pension Paying Branch with acknowledgment of an Official of the Branch, a scanned copy of the acknowledged format should be sent by e-mail to her.

(3) If the Option was exercised 'on line', the Assistant General Manager (HR) should be intimated by e-mail the reference / acknowledgment number generated at the time of filing and requesting her to make necessary modifications.

   Please endorse copies of your e-mails to our Association on e-mail ID < ubiretirees@gmail.com > and also to the Principal Office Bearer of our Association in your area, so as to enable us to pursue the matter with the management directly as well as through Shri R.K.Powar, General Secretary, All India Union Bank Retirees' Federation.

    This e-circular is basically meant for the members of our Association. However, as per our practice, its copies are being endorsed to others just for their information. They should act according to the guidance / opinion of their Associations. 

     The Bank was expected to place on its web site late night to-day the up-dated list of the retirees who have opted for Option I or II or Withdrawal. But still it is not placed there. In the meantime, if the members are sure that the Bank has committed any type of mistake mentioned above, they should intimate by e-mails to the Assistant General Manager (HR) as suggested above.  

Yours sincerely,

B.G.Raithatha,

General Secretary,UBREA,