#maf scheme

The bank has extended the RBI- (MAFS)-Group Mediclaim Policy (2024) for retired MAFS members until March 31, 2025, with M/s New India Assurance Co. Ltd., under the existing terms and conditions. The policy will cover all hospitalizations starting January 1, 2025. All terms and conditions and other details are available in our previous post. In case of reimbursement, intimation of hospitalisation…

The bank has recently modified the Medical Assistance Fund (MAF) Scheme for retirees. These changes are aimed at providing better support and clarity for the dependents of MAF members, particularly those with permanent disabilities. Here are the key points from MAFS – Review of Para 3, 13.1 (d) . Bank has also updated Master Circular on Medical Assistance Fund Scheme (MAFS) on 21st October 2024…

RBI has recently made a significant modification to the Master circular Para 12.1 As per para 12.1 the dispensary facility such as free treatment and issue of drugs on credit slips as per norms is accessible only at Centers where regular full-fledged dispensaries in charge of part-time BMOs/ BMCs are established with arrangements for stocking of drugs, medicines, etc. This facility has now been…

Important changes: i. Health India TPA has been replaced with Paramount TPA. ii. There is an increase in bed charges and ICU charges

Bank has circulated the GMP 24 policy for retired MAF members for the period January 01, 2024, to December 31, 2024 (GMP 2024).MAF members can use MAF membership card / retiree ID card issued by the Bank or TPA card/e-TPA card for admissions and procedures under GMP 2024. All claims pertaining to MAF members will be settled by the designated TPA, irrespective of the place of treatment. Important…

The extension policy has been placed with New India Assurance Co Ltd. on the same terms and conditions.

After the expiry of the earlier cashless GMP policy under MAFS on August 14, 2023, RBI has extended the policy with the New India Assurance Co. Ltd. for the period up to 31.12.23 on the same terms and conditions.The new policy will be effective for all hospitalisations commencing on or after August 15, 2023. Hospitalisation Limits remain as under: Limits remain same I Salient Features TPAS…

PPN stands for Preferred Provider Network It is a Network of hospitals in India which have agreed to cashless package pricing for the insured. Every hospital that has a tie-up with the insurance company maintains three different rates.

We continue to receive queries/complaints regarding settlement of claims submitted by our members and retirees to TPAs concerned. Insurance companies use complicated jargons in Health Policies the impact of which insured fail to comprehend fully. Members realize the adverse effect of these difficult to understand terms at the time of settlement of their claims. This post is a step towards…

MAFS for 22-23 announced

After the expiry of the earlier cashless GMP policy under MAFS on August 14, 2022, RBI has placed the policy with the New India Assurance Co. Ltd. for the period of one year (15-8-22 to 14-8-23) on the mutually agreed terms and conditions as per Bank’s letter dated August 10 ,2022 .Latest Hospitalisation Limits are: Latest Hospitalisation limits Important changes: SUM INSURED AND BED CHARGES…

You tube video to help RBI Pensioners with impaired vision.

video link There are primarily age-related eye diseases such as  macular degeneration, cataract, diabetic retinopathy, and glaucoma. Other common eye disorders include amblyopia and strabismus. RBI issues regular circulars containing instructions and guidelines for retirees, among others, about (MAFS)-GMP and OPD Scheme for Pensioners, which directly have an effect on their well being. Needless…