As per the Central Office circular dated 23/9/2017, if one of the members expire,the sum insured can be proportionately reduced by the surviving pensioner/ family pensioner to the next available sum insured.
If a retired employee and his wife are covered by Group Mediclaim for Rs 50 lks under FFP cover,if the wife predeceases the regular pensioner,then the retiree can opt for reduction in SI of Rs 30 lks.But if regular pensioner dies,and the family pensioner wants to reduce her sum insured,if it cannot be reduced to less than Rs 30 lacs,she will face a huge financial burden as her premium will get enhanced under Table A by moving her from her earlier Table B.The premium under Table A may increase substantially for the family pensioner who will get only 30% of the regular pension as per existing rules. Thus it will be unfair for family pensioners.
It will be reasonable to give the family pensioners in such cases to opt for any sum insured above the Compulsory Floater cover to make the premium affordable for them.
I want to address a letter to Chairman to review the rules in this regard.Can you kindly work out an illustration taking the case of an officer of a particular cadre say D M for age 76 of Regular pensioner and age 70 of family pensioner,taking maximum basic pay/basic pension?
I wonder why this issue has not been raised so far by any family pensioner where regular pensioners died after the maximum sum insured was revised upto Rs 50 lks.The present rules will impose too much of financial burden on family pensioners.
Kind regards.
C H Mahadevan
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