Can you tell me in detail about the Family Floater Group Mediclaim Insurance Policy for retired Employees of SBI or State Bank of India?

The details about the Family Floater Group Mediclaim Insurance Policy for retired Employees of SBI or State Bank of India are as follows:

POLICY-‘A’
Coverage
All existing members of SBI Retired Employees Medical Benefit Scheme
(SBIREMBS) , their spouses and disabled child / children, if any. There is no age limit for joining the policy.

Duration of Cover :
1 year

Maximum Sum Insured
Total annual entitlement (Basic Sum Insured + Corporate Buffer) of a member under any circumstance shall not exceed the corresponding balance medical benefit limit under existing REMBS Plan.

Payment of Annual Premium
All the existing members of SBIREMBS join the policy and the premium is borne by the SBI Retired Employees’ Medical Benefit Trust (SBIREMBT) for them. The Trust continues to pay premium for a member till lifetime REMBS Medical Benefit limit is fully exhausted.
Payment of premium after exhaustion of limit
Member who has exhausted the entitled limit as prescribed in the Plan have option to join the separate Group Medical Policy for retirees of SBI by paying the annual premium from own sources


POLICY-‘B’

Coverage:
The Scheme shall cover Non members of SBIREMBS and future retirees of State
Bank of India, their spouses and disabled child / children (if any). There is no age limit for joining the scheme.

Eligibility:
i. SBI retirees on completion of pensionable service in the Bank.
ii. Members of National Pension System on completion of 20 years of confirmed service in the Bank.
iii. Spouse of SBI employee who died whilst in service or after retirement.
iv. Pre-merger retirees of e-SBS, e-SBIN & e-SBICI on completion of pension able service in the concerned Bank.
v. Surviving spouses of pre-merger retirees /deceased employees of e-SBS, e-SBIN and e-SBICI.
vi. Existing member of SBIREMBS, e-SBSREMBS and e-SBINREMBS

Duration of Cover :
One year.

Attached Files

Mediclaim Policy for retired Employees SBI.pdf (398.2 KB, 382 views)