IBA MEDICAL INSURANCE

MEDICAL INSURANCE SCHEME for retired employees has been introduced for the benefit of retired employees and their spouses of the deceased employees by Banks.  The Scheme is on the same lines with the medical insurance available to serving employees.  However, while the premium for the medical insurance is borne by the serving employees, the premium for the retired employees are to be borne by the retired employees.

Retirees have been offered the following Tailormade Medical Insurance Policies:

1. Tailormade Group Mediclaim Policy (Retirees) with Domiciliary Treatment cover

2. Tailormade Group Mediclaim Policy (Retirees) WITHOUT Domiciliary Treatment cover

The Insurance policy facilitates cashless hospitalisation and reimbursement of expenses incurred on treatment of ailments/illness.

The Policies are administered by the GOOD HEALTH Insurance TPA Ltd, Hyderabad (hyperlink to ghpltpa.com).  The toll free contact for IBA DESK of Good Health Insurance TPA Ltd. Is 1860 425 3234

Links to Important Canara Bank Circulars :

a. Renewal of IBA Group Medical Insurance Scheme for retirees for the year 2017-18

b. Claim Procedure

c. Medical Insurance Claim Form

d. Inclusion of retired employees retired / retiring / spouses of employees who died during the current policy of employees expiring on 30.09.2017under the retirees policy : Revised pro rata premium

a. Format of Willingness for retired employees :

1. Medical Insurance with Domiciliary treatment coverage

2. Medical Insurance without Domiciliary treatment coverage

b. Format of Willingness for spouse of deceased employees :

1. Medical Insurance with Domiciliary treatment coverage

2. Medical Insurance without Domiciliary treatment coverage