BMS INSURANCE SECTOR MEETING - 20.10.2021

 

Letter to the Finance Minister regarding revision of pension - 20.10.2021

 

Pending issues of LIC pensioners - letter to the Chair Person - 1.10.2021

 

Reckoning training period for calculation of gratuity - Letter to the Chair Person

 

One more pension option to left over staff - Letter to the Chair Person

 

DEARNESS RELIEF PAYABLE TO PENSIONERS

DEARNESS RELIEF PAYABLE TO PENSIONERS

For in-service employees Dearness Allowance is paid, where as for Pensioners Dearness Relief is paid. TheD A payable to in-service employees is reviewed every Quarter, where as for Pensioners it is reviewed everyHalf Yearly viz. February depending on average CPI(IW) figures for Oct, Nov and Dec of the previous yearand August depending on average CPI(IW) figures for April, May and June of that year. The labour bureauof Govt. of India declares the CPI(IW) figures for a month at the end of the next month.

The Dearness Relief payable to Pensioners depends on the date of retirement. At present there are SEVENgroups of Pensioners. The following chart shows how D R is calculated for these 7 groups.

1 GROUP 1: Retired up to 31-07-1992(Cl-3&4) / 31-03-1993(Cl-1&2)

At CPI(IW) :600 points. Depends on Basic Pension before Commutation.

D R rates /slab D R rates after faulty DHC Judgement dtd.27-04-2017:

Up to 1250 =0.67% Up to 1250 = 0.67%

Next 750 =0.55% Next 750 = 0.55%

Next 130 =0.33% Next 130 = 0.33%

above 2130=0.17% Above 2130=0.23%

D R payable fromb01-02-2023 on av CPI 8704 2026 slabs.

2 GROUP 2: Retired between 01-08-1992(Cl-3&4)/01-04-1993 to 31-071997

At CPI(IW) : 1148 points. On Basic Pension before Commutation.

D R rates /slab: D R rates after faulty DHC Judgement dtd.27-04-2017:

Up to 2400 = 0.35% Up to 2400 = 0.35%

Next 1450 = 0.29% Next 1450 = 0.29%

Next 250 = 0.17% Above 3850 = 0.23%

Above 4100 = 0.09%

1889 slabs.

3 GROUP 3: Retired between 01-08-1997 to 31-07-2002

At CPI(IW) : 1740 points.

D R rate / slab : 0.23% of Basic Pension before Commutation.

1741 slabs.

400.43%(+14.26%)

4 GROUP 4 : Retired between 01-08-2002 to 31-07-2007

At CPI (IW) : 2328 points.

D R rate / slab : 0.18% of Basic Pension before Commutation.

1594 slabs.

286.92%(+11.16%)

5 Group 5 : Retired between 01-08-2007 to 31-07-2012

At CPI(IW) : 2944 points.

D R rate /slab : 0.15% of Basic Pension before Commutation.

1440 slabs.

216.00%(+9.30%)

6 GROUP 6 : Retired between 01-08-2012 to 31-07-2017

At CPI(IW) : 4708 points. 

D R rate / slab : 0.10% of Basic Pension before Commutation.

999 slabs.

99.90%(+6.20%)

7 GROUP 7 : Retired from 01-08-2017 onwards

At CPI(IW) : 6352 points.

D R rate / slab :0.08% of Basic Pension before Commutation.

588 slabs.

47.04%(+4.96%)

1)D R Increases by 62 Slabs for Pensioners. 2)The current DR% is also given. 3)DR% within brackets

indicates increase in DR% for that Group.

The above chart shows DR payable from FEB, 2023 TO JUL 2023.

 

 Compiled by C T JOSHI, NOIP(BMS)

31-01-2023 (Mob:+91 9731955044)

 Mail id : joshi.chidambart@gmail.com

LIC Mediclaim Insurance Policy - Claim Form

 THE NEW INDIA ASSURANCE CO. LTD.,

(Regd & Head Office:_ New India Assurance Bldg., 87, M.G. Road Fort, MUMBAI 400 001)

Underwriting office: DO 120700, New India Centre, 8th Foor, 17- A, Cooperage Road, Mumbai 400 039

LIC Mediclaim Insurance Policy - Claim Form

(Issuance of this form does not assure admission of liability)

1. Name of the employee / Retired employee:__________________________________________

2. Salary Roll No. (S.R. No.):_____________ Cadre:____________________________

3. Email id* :__________________________________; Mobile no*:_________________________

4. Place of working: Place __________ CO/ZO/DO/BO (Code) ______________ ___

5. Residential Address :__________________________________________________

_______________________________________________________________________

6. Name of the Patient :_____________________________________ ____________

7. Relationship with the claimant : _______________________________

8. Nature of illness / accident: _________________________________________________

9. Date of Admission :__________________ Date of Discharge: _______________

10. Total Sum Insured :Rs.________________ Amount claimed :Rs.______________

11. Claim amount received earlier during the current year:____________________________

12. No. of living children as on date______________________

*Please provide the email id, mobile no for receiving information from the TPA about the claim

(For maternity related claims)

I have incurred the above expenses on the treatment of illness / accident referred above, in support of which I

enclose the following documents in original:-

1. Discharge card / Discharge summary from Hospital (Xerox copy attested by Class I officer / OS shall be

accepted)

2. Hospital bills and Receipts, Pathological tests bills and receipts

3. Attending doctors / surgeons / Anaesthetists bills and receipts and certificate stating the diagnosis

4. Cash memos / Chemists Bills duly supported by prescriptions

5. Pathological test reports, X ray reports and attending doctors note requesting for such tests/reports

6. Any other documents related to the claim.

7.

DECLARATION

I hereby warrant the truth of the foregoing particulars in every respect and I agree that if I make any false or

untrue statement, suppression or concealment, my right to re-imbursement shall be absolutely forfeited. I further

declare that, in respect of the above treatment, no benefits are / will be claimed under any other Medical

Insurance.

DATE:

SIGNATURE OF THE EMPLOYEE/RETIRED EMPLOYEE

____________________________________________________________________________________

(TO BE FILLED BY LIC)

We certify that the Person mentioned below is a bonafide employee/ dependent of the employee / retired

employee / spouse of retired employee of LIC of India and the details of insurance coverage are correct as per

our records, as given below:

1. Name of the employee / retired employee:

2. Name of the patient:__________________Relationship with the

employee___________________________

3. Covered with effect from Date: __________________ Compulsory Sum Insured: ________________

4. Total Sum Insured :_______________________________

5. No. of living children (In case of maternity claims) :________________________

SIGNATURE:________________________ DATE:____________________________________

NAME AND DESIGNATION: ____________________________________________________

LIC OFFICE CODE AND SEAL / ADDRESS: