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COCHIN SHIPYARD LIMITED
+H/rochi - 6s2 or 5
16 April 2015
No: P&A/18(L7sll2ooo
INSURANCE TINKED MEDICAL ASSISTANCE SCHEME FOR THE RETIRED EMPLOYEES OF CSL
PAYMENT OF RENEWAL AND OTHER FEES FOR THE YEAR 2015.15.
1.
-
Cochin Shipyard Limited has introduced lnsurance Linked Medical Assistance Schemes for
the benefit of the following categories of retired/resigned employees. Annual renewal fee
scheme for the year 2015-16 being 10% of the individual insurance premium is Rs
231O.OO (rounded). The following table shows the total amount towards annual renewal fee
for the
installment of one time enrollment fee to be paid to Cochin Shipyard Limited by
the respective category of retired empleyees, if they wish to avail the medical treatment
assistance as regulated under the Group Medical Insurance Policy.
and
or
2nd
2.
sl
Categories of retired Employees
2Ot4=L5
(Rsl
No
A
WORKMEN
L
Those workmen
PAID
4
2,000.00
(lf not already paid)
2,310.00
2,000.00
(lf not already paid)
2,310.00
Nil
Nil
2,000.00
(lf not already paid)
15,000.00+2310.00
Or
17,000.00+2310.00
Not Applicable
23,058.00
Those workmen who retired during
ALOL20O7 and 01.04.2007 on
superannuation or under VRS/VPRS
after 15 years of service in CSL
3
{Rs}
PAYABLE
who retired prior to
01.01.2007 on superannuation or
under VRS/VPRS after 15 years of
service in CSL.
2
2015-16
Those workmen who retired after
01.04.2007 on superannuation and
paid the one time enrolment fee of
Rs
50,000/- or Rs 40,000/- as the case
may be in lump sum.
Those workmen who retired between
1.01.2007 and 01.05.2014 on
superannuation and paid the first
installment of one time enrolment @
Rs 15,000/- or Rs 17,000/- as the case
mav be.
5
Those workmen who retired after
01.01.2007 under VRS/VPRS or
resigned after 15 years service in
CSL.
Those workmen who retired on
6
ttlot Applicable
11,529.00
superannuation between 0t.04.2007
(50%
and 01.05.2014 but did not pay
onetime enrollment fee and wish to
join scheme by paying 5Oo/o of
ofthe
premium)
premium.
B
SUPERVISORS AND OFFICERS
1
Those supervisors and officers who
retired prior to 01.01.2007 on
superannuation or under VRS/VPRS
after 15 years of service in
3
4
2,310.00
2,000.00
2,310.00
CSL
Those supervisors and officers who
retired after 01.01.2007 on
superannuation after 15 years of
service in CSL.
Those supervisors and officers who
resigned after to 01.0L.2007 after 15
years of service in CSL
Those supervisors and officers who
retired after 01.01.2007 under
VRS/VPRS after 15 years of service h
csL.
2
2,000.00
(lf not already paid)
(lf not already paid)
Not
23,058.00
Applicable
(Fullpremium)
Onetime payment
Not
Applicable
@
3% of the last pay
drawn multiplied by
the number of
remaining months of
service had he/she
continued
in
CSL
service until 60 years
of age.
+
Annual renewal fee
of 2,310.00
3.
The following medical treatment assistance are available subject to the terms and
conditions of the Group Medical Insurance Policy issued by M/s United India lnsurance
Company Limited.
sl
Type of lllness/Treatment
Limit of coverage
No
1
2
3
4
ln-patient treatment for ill nesses
other than critical illnesses .
Out-patient treatment for critical
illnesses defined in the lnsurance
Policy Document.
Out-patient treatment for illnesses
other than critical illnesses.
In-patient treatment for critical
illnesses defined in the lnsurance
Policy Document.
Up to Rs 2,00,000.00 for a family of 6 members
on floater basis durins the policv period.
Up to Rs 1,50,000.00 per person covered under
the family unit during the policy period (out of
an ad hoc Corpus amount of Rs 2.5 Crores for lP
and OP treatment for CSL as a whole).
Up to Rs 20,000.00 for a family of 6 members
on floater basis during the policy period.
Up to Rs 6,00,000.00 per person covered under
the family unit during the policy period (out of
an ad hoc Corpus amount of Rs 2.5 Crores for lP
and OP treatment for CSL as a whole).
The fees applicable to the respective categories payable to CSL may be sent by either a
crossed cheque or Demand Draft in favor of Cochin Shipyard Limited or in cash athe cash
counter of CSL, latest by 30.04.2015. Please take note that those retired employees who had
not so far opted to join the scheme are given the last chance to join the scheme now. For
further clarifications, if any, please contact Shri C R Thankaraj, Manager (Welfare) at
25Ot4L2 or Shri Shithil Nath K G, AM (Finance) at 2501416
(w *
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F6r criqfi (std'. iT canl
General Manager (lR&Adminl