ENROLLMENT CHEQUES FOR GROUP MEDICAL SCHEME TO BE PAID BY 16 MARCH

ENROLLMENT FOR MEDICAL INSURANCE SCHEME BEGINS FROM 2^ND MARCH

CHEQUES TO BE HANDED IN NOT LATER THAN 16^TH MARCH 2020

DON’T MISS THIS GOLDEN OPPORTUNITY!

Dear Member:

After extensive discussions with members and an education camp held on 22 January 2020 on the Press Club Group Insurance Scheme, we are at the last leg of the launch: the submission of cheques.

To recap: the Managing Committee of the Press Club has negotiated a fresh Medical Group Insurance Scheme with the government-owned Oriental Insurance Company which will offer two options for all members – cover of Rs 3 lakh and Rs 5 lakh per year. A most competitive premium, 30-40 percent below comparative individual schemes,has been negotiated for both member and spouse.

BREAKING NEWS: The importance of an insurance cover has been demonstrated when, under the Press Club’s recently negotiated

Group Accident Insurance Cover for all members, the first claim has been processed successfully. The beneficiary, Gautam Sen,

a photojournalist who met with a motorcycle accident, will receive Rs 24,000 as compensation.

This is golden opportunity we should not lose. Illness and sudden health issues can strike us at any time; and if we are not prepared, the high cost of hospitalization and medical care can prove to be ruinous. The occupational hazards of our profession is also an unpredictable factor, and it is our responsibility today to look after ourselves and our families.

Some of us already have individual policies or have been provided some cover by the company we work for. However, it is always safe to have multiple insurance covers so that we are well protected. An existing medical insurance policy will not debar us from opting for this one.

Given our previous experience with New India Assurance Company, which walked out after one year, we have negotiated that Oriental Insurance will run the scheme for a minimum of three years. If the scheme runs successfully, the company is prepared to reduce premiums after the first year’s trial run; and also extend the cover to children and dependents.

Some of the important features of the Press Club Group Insurance Scheme are (For details, please see the terms attached):

- It will cover all those in the ages 21 to 80 without requiring medical check-up.

- No bar or waiting period for pre-existing diseases.

- Coverage from Day 1, without waiting period.

- Cashless hospitalization at a large network of hospitals in Mumbai and other centers

- Cover for medical expenses for certain day-care procedures.

- Sum insured can be utilized by both the member and spouse.

Those desirous of joining please see the chart below and hand in their cheques for the amount as applicable to the age Band and Option of sum insured.

Floater Premium (Inclusive of GST) - To cover Self & Spouse

Group Health Insurance Mediclaim_ Premium _ Sum Insured INR 3 Lacs OPTION ‘A’
Press Club Scheme Age Band	Premium for one year
Age 21 - 35 years	Rs 5,325
Age 36 - 45 years	Rs 6,954
Age 46 - 55 years	Rs 9,650
Age 56 - 60 years	Rs 15,635
Age 61 - 65 years	Rs 22,387
Age 66 - 70 years	Rs 24,621
Age 71 - 75 years	Rs 27,078
Age 76 - 80 years	Rs 29,780
Group Health Insurance Mediclaim_ Premium _ Sum Insured INR 5 Lacs OPTION ‘B’
Press Club Scheme Age Band	Premium for one year
Age 21 - 35 years	Rs 6,835
Age 36 - 45 years	Rs 11,291
Age 46 - 55 years	Rs 14,785
Age 56 - 60 years	Rs 22,761
Age 61 - 65 years	Rs 29,013
Age 66 - 70 years	Rs 31,910
Age 71 - 75 years	Rs 35,096
Age 76 - 80 years	Rs 38,600

Cheques must be made out to ‘The Press Club, Mumbai’ with a pencil noting on the reverse side ‘Medical Group Insurance Scheme’ Option A or B. Those joining must hand in their cheques not later than 16^th March, 2020 at the Press Club Office. Please note, members cannot join the scheme mid-stream. This is an opportunity not to be missed.

Download Scheme Details

For any clarifications, please contact the Manager @ 022-22616463 or manager@pressclubmumbai.com