Master mediclaim policy for bank employees to be issued through IBA by month-end
All state-run general insurers are likely to issue a master mediclaim policy for bank employees through Indian Banks Association (IBA) by this month end. As per the new wage agreement reached between bank unions and the IBA on May 25, employees of all the 43 member banks are to be provided with a health insurance cover by their respective banks.
"Our discussions are on with the IBA on the health insurance cover for bank employees as part of the wage pact," New India Assurance chairman and managing director and chairman of General Insurers (Public Sector) Association ( GIPSA) chairman G Srinivasan told PTI. However, he refused more details saying "things are still on the drawing board." "This is for the first time a proper health insurance policy is being worked out by banks for their employees,"