1
STATE BANK OF INDIA
KNOW YOUR SUPERANNUATION BENEFITS
(KYSB)
(UPDATED AS ON 31
ST
MAY,2018)
STATE BANK OF INDIA
HR (PPG) DEPARTMENT,
CORPORATE CENTRE, MUMBAI
2
INDEX
Sl.
Subject
Page No.
01
Provident Fund
3
02
Gratuity
3
03
Pension
4
04
Commutation of Pension
5
05
Table of commutation factors
6
06
Family Pension
7
07
Group Mediclaim Policies for SBI Retirees
8
08
SBI Employees’ Mutual Welfare Scheme (SBIEMWS)
9
09
Leave Encashment
9
10
Retention of Accommodation, Car & Telephone after retirement
9
11
Travelling Expenses on retirement
10
12
Retention of Furniture/Fixture after retirement
10
13
Retention of Mobile Handset
10
14
Retention of Laptop
10
15
Ownership of Car- for Chairman, MDs, TEGSS-I & TEGSS-II
10
16
Retention of Apple i-PAD-2
10
17
Availing LTC
/
HTC after retirement
10
18
Concessionary Interest Rate Benefit
11
19
Continuance of Staff Housing Loan after retirement
11
20
Presentation of Memento
11
21
Availing Holiday Home, Transit House & Visiting Officers’ flat
11
22
Transition to Retirement Programme for TEGS-VI & above
11
23
Permission for Employment after retirement
11
24
Pensioner’s Identity Card
11
25
Pension Slip & Investment Declaration
11
26
Medical facilities at Bank’s Dispensaries
11
27
Entertainment Facilities
12
28
Canteen Facilities
12
29
Continuance of Group Insurance Schemes of SBI Life Insurance
12
30
No need to open new account for getting pension
/
family pension
12
31
Email Facility after retirement
12
32
Admissibility of superannuation benefits to VRS optees
13
33
Conditional admissibility of superannuation benefits to VRS optees
14
34
To do list before retirement
15
35
Application for retirement
Annex-1
36
Application for Refund of Provident Fund Balance on retirement
Annex-2
37
Application for Payment of Gratuity
Annex-3
38
Application for Payment of Pension
Annex-4
39
Money Receipt of Provident Fund
Annex-5
40
Money Receipt of Gratuity
Annex-6
41
Application for Leave Encashment
Annex-7
42
Mandate for Keeping proceeds of Leave Encashment
Annex-8
43
Declaration of Family Members
Annex-9
44
Declaration of Loans & Advances
Annex-10
45
Application for Pensioner’s Identity Card
Annex-11
46
Application for Refund under SBI-EMWS
Annex-12
47
Life Certificate format
Annex-13
48
Group Mediclaim Policy Application, Deceases covered, Room rent
capping, Categorization Centers, Deceaseswise Capping
Annex-14
3
Benefits available on Superannuation
1. Provident Fund
When a member resigns or retire from service of the Bank he shall, if he has served the Bank for a
period of five years or more, be entitled to receive the balance (Member’s Contribution + Bank’s
Contributions) at his credit in the fund.
When to apply
How to apply
2. Gratuity
An employee who has put in a minimum of 5 years’ service is eligible for payment of gratuity under
the Payment of Gratuity Act, 1972. The amount will be payable @ 15 days wages for each
completed year of service on the basis of 26 working days in a month, subject to a ceiling of Rs.
20 lacs w.e.f. 29.03.2018. For the purpose of Gratuity, wages include the following:
i)
For Award Staff
: Wages = Basic Pay + D.A. + Personal Allowance + Acting Allowance +
Fixed Personal Allowance (FPA) + Professional Qualification Pay (PQA)
ii)
For Officers
: Wages = Basic Pay + D.A. + FPA + PQA
Formula for calculation of Gratuity:
Wages x 15 x No. of completed years of service
26
Example: Name - MR. AJIT KUMAR
Total Service (for Gratuity Calculation): 30 years.
Gratuity Payable= 99,340.09 x 15 X 33 = 49173344.55 = Rs. 18,91,282/-
26 26
Date of Joining
16/01/1985
Date of Confirmation
16/01/1985
Date of Retirement
31/03/2018
Extra Ordinary leave
0 days
Total Service
30 years, 6 months and 15 days
Last drawn salary Details:
Basic : Rs. 66,070/-, D.A. : Rs. 29,594.09, FPA : Rs. 1,996/-, PQA : Rs. 1,680/-
Total Salary : Rs. 99,340.09
4
Maximum amount of Gratuity Payable = Rs. 20,00,000=00 (Rupees twenty lacs only)
When to apply
Within 3 months before retirement date.
How to apply
Log on to HRMS portal
Go to Employee Self Service -> HR Initiatives -> PPFG -> Apply
Gratuity Payment Request -> submit the form
Take out the print by clicking on the ‘Print’ button & submit
(duly signed & witnessed) forms to salary disbursing authority /
OAD.
3. Pension
A member of the State Bank of India Employees’ Pension Fund shall be entitled for pension under
Rule 22 (i) while retiring from the Bank’s service :
a)
After having completed
20 years’ pensionable service
provided that he has attained the
age of 50 years; or
b)
If he is in the service of the Bank on or after 01.11.1993 after having completed 10 years
pensionable service
provided that he has attained the
age of 58 years
. Further, if he is in
the service of the Bank on or after 22.05.1998, after having completed 10 years’
pensionable service provided that he has attained the age of 60 years.
c)
After having completed
20 years’ pensionable service
irrespective of the age he shall have
attained, if he shall satisfy the Authority Competent to sanction his retirement by approved
medical certificate or otherwise that he has incapacitated for further active service,
d)
After having completed
20 years pensionable service
, irrespective of age he shall have
attained at his request in writing if accepted by the Competent Authority with effect from
20
th
September 1986.
e)
After having completed 25 years’ pensionable service.
Computation of amount of Basic Pension:
The maximum amount of pension for members of the Fund eligible for pension, who retired
/
retire while in service or otherwise cease to be in employment on or after 01.11.2012, shall be
computed as under:
PENSION CALCULATION FORMULA:
(a)
No. of years pensionable service
x Average substantive salary drawn
during the last 12 months’ pensionable
Service (not to be rounded off)
60
(b)
(i).
Where the average of monthly substantive salary drawn during the last 12 months’
pensionable service is upto Rs. 51,490/- p.m.
:
50%
of the average of monthly
substantive salary drawn during the last 12 months’ pensionable service + ½ of PQP + 1/2
of incremental component of FPP, wherever applicable.
(ii).
Where the average of monthly substantive salary drawn during the last 12 months’
pensionable service is above Rs. 51,490/- p.m. : 40% of the average of monthly
substantive salary drawn during the last 12 months’ pensionable service subject to
minimum of Rs. 25,745/- + ½ of PQP + ½ of incremental component of FPP, wherever
applicable.
5
In the case of (b)(i) : Lower of (a) and (b)(i) will be the basic Pension.
In the case of (b)(ii) : Lower of (a) and (b)(ii) will be the basic Pension.
Example:
Name - MR. AJIT KUMAR (Date of Birth: 14.07.1960)
(a) 66,070 x 366 months = Rs. 33,586.00
60 x 12
(b) (ii) 40% of 66,070 = Rs. 26,428.00
Plus : 1/2 of incremental component of FPA (1,990/-) = Rs. 995.00
Plus : 1/2 of PQA (Rs. 1680/-) = Rs. 840.00
Total : Rs. 28,263/-
Basic Pension = Lower of (a) and (b)(ii)
= Rs. 28,263=00
Dearness Relief (52.70% as on 31/05/2018) (+) Rs. 14,895=00
Total Pension (without commutation)
= Rs. 43,158=00
Dearness Relief on the basic pension is payable on the basis of
quarterly average of the All
India Consumer Price Index figures
for Industrial workers (base 1960=100).
Circulars on Dearness Relief are issued by Corporate Centre on half yearly basis in the
month of February and August every year as per the guidelines prescribed by IBA.
When to apply
Within 3 months before retirement date.
How to apply
Log on to HRMS portal
Go to Employee Self Service -> HR Initiatives -> PPFG -> Apply
Pension Proposal Request -> Fill up the necessary details -> Click
on ‘submit’ button.
Click on the ‘Print’ button -> four copies will be printed along
with the forwarding letter.
Put signature on all the copies in original, affix joint photographs
(self-attested) and submit to Branch Head
/
OAD.
Status can be viewed in the HRMS portal
4. Commutation of Pension
Retirees on or after 01.01.1986 are eligible for commutation of pension @
upto
1/3
rd
of their Basic
Pension. Request for commutation may be submitted by the retired employee within one year of
the date of retirement. However, if he applies for commutation after one year from the date of
retirement the amount of commutation is payable only after he has been medically examined by
the Medical Officer designated by the Bank.
Commutation factor is arrived at depending upon the age of the pensioner as on his next birthday.
If a member retires at the age of 60 years, for commutation, factor will be taken into account
Date of Joining
16/01/1985
Date of Confirmation
16/01/1985
Date of Retirement
31/07/2015
Extra Ordinary leave
366 days
Pensionable service
30 years, 6 months and 15 days or 366 months
Average salary drawn during last 12 months :
Basic : Rs. 66,070/-, D.A. : Rs. 29,594.09, FPA : Rs. 1,996/-, PQA : Rs. 1,680/-
Pensionable Pay : Basic : Rs. 66,070/-, FPA: Rs. 1,990/- & PQA : Rs. 1,680/-
6
applicable for the age of 61 years, which is 6.60.
Table of Commutation Factors:
Formula for Commutation:
1/3
rd
of Basic Pension x Commutation Factor as on next Birthday x 12
Example :
In the above example Basic Pension : Rs. 28,263.00
1/3
rd
of Basic Pension = 9421
Age on next Birthday = 55 years (Commutation Factor = 8.50)
Total Commutation = 9421 x 8.50 x 12 = Rs. 9,60,942.00
Total monthly pension after commutation will be Rs. 43,158 – Rs. 9,421 = Rs. 33,737
Commuted portion of pension will be recovered from monthly pension for a period of 15
years from the date of commutation.
Commuted portion of pension will be restored after the expiry of a period of 15 years from
the date of commutation.
No Medical examination is required if the pensioner opts for commutation within one year
of his retirement.
When to apply Simultaneously with Application for Pension
An employee is empowered to revoke his option for commutation any day up to the date
of retirement. However, after the date of retirement revocation of option for
commutation is
not possible.
Age as on next
Birthday
Commutation factor
Age as on next Birthday
Commutation factor
21
17.62
54
08.82
22
17.46
55
08.50
23
17.29
56
08.17
24
17.11
57
07.85
25
16.92
58
07.53
26
16.72
59
07.22
27
16.52
60
06.91
28
16.31
61
06.60
29
16.09
62
06.30
30
15.87
63
06.01
31
15.64
64
05.72
32
15.40
65
05.44
33
15.15
66
05.17
34
14.90
67
04.90
35
14.64
68
04.65
36
14.37
69
04.40
37
14.10
70
04.17
38
13.82
71
03.94
39
13.54
72
03.72
40
13.25
73
03.52
41
12.95
74
03.32
42
12.66
75
03.13
43
12.35
76
02.94
44
12.05
77
02.75
45
11.73
78
02.56
46
11.42
79
02.38
47
11.10
80
02.20
48
10.78
81
02.02
49
10.46
82
01.84
50
10.13
83
01.67
51
09.81
84
01.50
52
09.48
85
01.33
53
09.15
7
5. Family Pension
Spouse and dependent children of deceased pensioners & employees who died during service
after
one year of pensionable service are eligible for family pension.
Revised family pension is payable eligible members of the fund, who retired
/
retire on or after
01.11.2012 as under:
Scale of pay per month
Amount of monthly family pension
Up to Rs. 11,100/-
30% of ‘pay’ subject to minimum of Rs. 2,785/- per month
Rs. 11,101 to Rs.
22,200/-
20% of ‘pay’ subject to minimum of Rs. 3,422/- per month
Above Rs. 22,200/-
15% of ‘pay’ subject to minimum of Rs. 4,448/- per month and
Maximum of Rs. 9,284/-per month.
In case of part-time employees, the minimum amount of family pension and maximum amount of
family pension shall he in proportion to the rate of scale wages drawn by the employee.
In respect of employees other than part-time employees, who retired on or after 01.11.2012, the
amount of minimum pension shall be Rs. 2,785/- p.m. In respect of part-time employees who
retired on or after 01.11.2012, the minimum pension payable shall be as under:
(i)
Rs. 932/- p.m. for part-time employees drawing 1/3 scale wages,
(ii)
Rs. 1,397/- p.m. for part-time employees drawing 1/2 scale wages,
(iii)
Rs. 2,096/- p.m. for part-time employees drawing 3/4 scale wages.
GROUP MEDICLAIM POLICY FOR SBI RETIREES
(POLICY – ‘B’)
PRESENT POLICY TERM: 16.01.2018 – 15.01.2019
The policy is exclusively designed for the new retirees. This policy covers permanent employees
of the Bank, who retire on or after 1
st
January, 2016
/
Spouses of employees who die while in
service on or after 1
st
January, 2016.
Eligibility:
i.
SBI retirees on completion of pensionable service in the Bank.
ii.
Members of
National Pension System
on completion of 20 years of confirmed service
in
the Bank.
iii.
Spouse of SBI employee who died while in service or after retirement.
2.
Salient features of present policy term:
8
(i)
Separate policies for ‘With Domiciliary Cover’ and ‘Without Domiciliary Cover’
under each Plan (Sum Insured) to enable retirees to choose plans as per their
requirement.
(ii)
Under the ‘With Domiciliary Cover’ option, domiciliary treatment cover would be
available up to 10% of the Basic Sum Insured.
(iii)
Discontinuation of Plans I & J i.e. Sum Insured of Rs. 1.00 lacs & 2.00 lacs, which
were introduced last year, as these were basic plans with limited benefits and
membership under these plans has not been very encouraging.
(iv)
Rationalization of ceiling on room rents and ceiling on expenditures for certain
common diseases / ailments on the basis of categorization of centres where
treatment is taken. (Details placed in Annexure I).
(v)
There shall be restrictions on free entry / exit from the policy and also restrictions
on free movement between plans on renewal.
3.
Following are the premium terms:
Plan
Sum
Insured
Without Domiciliary Cover
With Domiciliary Cover
Premium
Rate
GST @
18%
Actual
Premium
Premium
Rate
GST @
18%
Actual
Premium
A
3,00,000
16,524
2,974
19,498
28,110
5,060
33,170
B
4,00,000
26,088
4,696
30,784
42,480
7,646
50,126
C
5,00,000
37,175
6,692
43,867
59,293
10,673
69,966
D
7,50,000
73,062
13,151
86,213
1,03,099
18,558
1,21,657
E
10,00,000
1,10,996
19,979
1,30,975
1,50,702
27,126
1,77,828
F
15,00,000
2,17,790
39,202
2,56,992
2,76,084
49,695
3,25,779
H
25,00,000
2,33,055
41,950
2,75,005
2,89,275
52,070
3,41,345
4.
Eligibility for Membership:
a)
The policy will continue to be available to the existing members enrolled and to
members of Policy ‘A’ subject to payment of renewal premium.
b)
The policy will continue to be available to the Independent Directors of the Bank,
subject to payment of premium from own sources.
(i)
Eligible new retirees / spouses of deceased employees may join the Policy
‘B’ within 60 days from the date retirement / death by paying the premium
from their own sources.
9
7.
SBI Employees’ Mutual Welfare Scheme
The following benefits are available to the retired employees and their spouse who are the members
of SBI Employees Mutual Welfare Scheme:
(i)
Full refund of contributions at the time of retirement without interest.
(ii)
Medical Benefits are payable as under:
Unit
90% of cost of
Hospitalization subject
to
life time limit of (Rs.)
Serious / special diseases
with or without
hospitalization subject to
life time limit of (Rs.)
General diseases life long as
per
column (c) within financial
limit of (Rs.)
Rs. 10/-
6,000/-
6,000/-
500/- per year
Rs. 20/-
15,000/-
15,000/-
1,000/- per year
Rs. 30/-
22,500/-
22,500/-
1,500/- per year
Rs. 40/-
30,000/-
30,000/-
2,000/- per year
(iii)
One time Lumpsum payment on death of member during service or after retirement; and
(iv)
Payment of Monthly Financial Relief on death of member during service or after
retirement as under:
Unit
One time lumpsum payment
Monthly Financial Relief
Rs. 10/-
10,000/-
200/- p.m.
Rs. 20/-
10,000/-
250/- p.m.
Rs. 30/-
15,000/-
375/- p.m.
Rs. 40/-
20,000/-
500/- p.m.
One time lumpsum payment is made to spouse (if married) and to nominees
/
legal heirs (if
unmarried).
Monthly Financial Relief is given to spouse (if married) and to nominees
/
legal heirs (if
unmarried).
For getting refund submit application as per the specimen in (Annex-13)
8.
Encashment of Leave
Retirees are eligible for encashment of Privilege Leave upto a maximum of 240 days against
available leave balance on the date of retirement (IT exemption available upto Rs. 3.00 lac).
When to apply Within 3 months before retirement date.
How to apply Submit the following forms to the salary disbursing authority
/
OAD:
i.
Application as per specimen in (Annex-7)
ii.
Mandate as per (Annex-8)
9.
Retention of Accommodation
/
Car
/
Telephone after Retirement
Officers may retain the accommodation (including designated house), telephone and car upto the
maximum period of 2 months from the date of normal retirement without any approval. Submit
application to the Controlling Authority
Cases relating to
Retention Period
Voluntary Retirement
1 month from the date of Voluntary (with or without re-
employment) Retirement
Resignation from service
15 days from the date of resignation.
Dismissal: Removal from
service
15 days from the date of receipt of order of dismissal
/
removal
from service.
1
0
10.Travelling Expenses on Retirement On retirement,
an officer is eligible to claim travelling allowance, baggage and other expenses for
himself
/
herself and his
/
her family as on transfer from the last station at which he
/
she is posted to the place where he
/
she
proposes to settle down on retirement.
The period of extension sought for in availing the facility of travelling allowance after retirement must not
exceed the period for which residential accommodation has been allowed by the competent authority
to be retained. In other words, the period for extension of the facility should be co-terminus with
vacation of the official residence.
11. Retention of Furniture
i.
If the date of purchase of furniture is more than five years- Ownership will be
transferred without any recovery.
ii.
If it is less than 5 year old – depreciated value based on the actual age of furniture
/
fixture
will be recovered.
12. Retention of Mobile Handset
To be retained without any cost if the age of handset is 1 year and above.
13. Retention of Laptop
To be retained without any cost if the age of laptop is 1 year and above. However, in case of VR
/
resignation, it can be retained after paying the book value of the laptop.
14. Ownership of Car applicable to: Chairman & MDs,
TEGSS-I & TEGSS-II
Ownership Options:
Existing vehicle in use by paying the depreciated value
Or
Bank’s owned vehicle from the car pool after paying the depreciated value
Or
New car under buy back arrangement of car in use and paying the difference amount i,e.
(depreciated value – buy back amount)
/
(Price of the Car – buy back value) as the case may be.
The price of car to be purchased shall be original cost without cost of registration, tax etc.
Calculation of Depreciated Value of Car
:
Age of the Car
Upto 1 year : 80% of Original Cost
> 1 year – upto 2 years
: 60% of Original Cost
> 2 years – upto 3 years
: 40% of Original Cost
> 3 years – upto 4 years
: 20% of Original Cost
> 4 years : Free of Cost
15. Retention of Apple i-PAD-2
Can be retained at no cost on retirement on superannuation.
16. Availing LTC
/
HTC after retirement
1
1
LTC
/
HTC may be permitted to be carried forward for maximum 4 months beyond the date of
retirement and in exceptional circumstance it is 6 months.
17. Concessionary Interest Rate Benefit
On deposit as applicable to staff members.
On advances against specified securities as applicable to staff members.
18. Continuance of Staff Housing Loan after retirement
In the cases of normal retirement repayment of Staff Housing Loan may be continued upto 75
years of age, irrespective of date of joining, subject to adequate and verifiable cash flows for
repayment of the loan to the satisfaction of sanctioning authority. To be reviewed at the time of
retirement, wherever necessary to ensure adequate repayment capacity as done hitherto.
19. Presentation of Memento
With effect from 16.03.2011:
Subordinate Staff
2500/-
TEG VI & VII
20,000/-
Clerical Staff
3750/-
TEG SS I & II
30,000/-
JMG-I & MMG-II
6250/-
Managing Directors
40,000/-
SMGS- III to V
10,000/-
Chairman
50,000/-
20. Holiday Home and Bank’s Guest House / Transit House /
Visiting Officers’ Flat
The benefit can be availed after retirement.
21. Transition to Retirement Programmed for retiring
Executives for TEGS-VI & above and their spouses
3 days training programme to enable the Executive to self-introspect and plan for the momentous
change in their lives on demitting office to ensure a smooth and enjoyable transition in post-
retirement life.Staff College, Hyderabad will advise in this matter.
22. Permission for Employment after retirement
Prior permission from competent authority is required for seeking employment in any other Bank
at any time or any other commercial employment within one year from the date of retirement to
protect their pension.
23. Pensioner’s Identity Card
Can be obtained from the Pension Paying Branch.
Submit application as per specimen in ( Annex-11)
24. Pension Slip & Investment Declaration
The Bank has again shifted the payment and processing of staff pension to HRMS from
CSPPC and Investment Declaration Form and Pension Slip is now available on
https://www.hrms.onlinesbi.com wherein you can log in by your PF Index as user ID and default
password as Hrms@123. Please contact LHO, PPG department for password problems.
25. Medical facilities – Dispensaries
1
2
Medicines are provided from the available stock at dispensaries run by Corporate Centre, Local
Head Offices, Administrative Offices and at a few selected dispensaries to the pensioners and their
family members (spouse). Services of specialist doctors are also available in these dispensaries.
26. Entertainment Facilities
Pensioners can avail the benefit of Bank’s Library at SBLCs & ATIs. They can also utilize the facilities
of Book Bank wherever it is maintained.
27. Canteen Facilities
Pensioners can avail Canteen Facility, wherever it is available at the Bank’s Offices.
28. Group Insurance Scheme of SBI Life – ‘Super Surakshya’
and ‘New Swarna Ganga Scheme’
Group Insurance Schemes of SBI Life viz. ‘Super Surakshya’ and ‘New Swarna Ganga Scheme’ may
be extended upto 65 years and the pensioner will arrange to pay the premium amount.
29. No need to open a new account for getting pension
/
Family Pension
Retiring SBI employees are not required to open a separate SB/CA for the purpose of getting
pension. Pension can be credited to the existing staff SB/CA of the pensioner.
On death of the staff pensioner, the family pensioner need not open a new SB/CA for the purpose
of getting family pension. Family pension can be credited to the existing joint SB/CA of staff
pensioner with ‘E or S’ facility.
30. Email ID
The outgoing mails from ‘@sbi.co.in’ domain will be stopped from the date of retirement
/
resignation. However, the retiring official is permitted to receive emails and use the mailbox on
EMS for two months after retirement.
2. Thereafter, the user will have to send the request through email for the creation of email-ID
under thistle domain providing the following details:
Sl
Field
Value
Remarks
1
Username
2
PF Index No.
3
Designation
4
Department
5
Circle
6
Bank
7
Mode of Retirement
8
Date of Retirement
9
Previous email-ID (sbi.co.in)
10
Contact details
11
Alternative email-ID
12
Pension drawing Branch details
(Branch code & Address)
1
3
3.
The email is to be sent to the following email-ID with the subject ‘New Email-ID under
thistle.co.in:<Name of the applicant>, <PF Index> : [email protected].
4.
After validating the data provided in the above form with the HRMS (or any other concerned
department) data, the email-ID will be created and informed to user on his alternative email-ID.
31. Non Admissibility / Conditional Admissibility of Superannuation
Benefits to Voluntary Retirement Optees
Sl
Benefits
Applicability on Voluntary Retirement
i.
Pension
(Not applicable to Members
of New Pension Scheme:
those employees who joined
the Bank on or after
01.08.2010)
For Officers : Payable, on completion of 20 years of
pensionable service (excluding confirmation period in case
of non direct officers), if permitted by the Competent
Authority to retire from Bank’s service subject to giving
three months’ notice in writing or pay in lieu thereof,
unless this requirement is wholly or partly waived by the
Competent Authority [Proviso 4 of Rule 19(1) of SBI
Officers’ Service Rules, 1992].
For Clerical Staff : Payable, on completion of 20 years of
pensionable service (excluding confirmation period), if
permitted by the Competent Authority to retire from
Bank’s service subject to giving one month’s notice in
writing or pay in lieu thereof.
ii.
SBI Retired Employees
Medical Benefit Scheme
(SBIREMBS)
Eligible only if retired under medical ground with
recommendation of medical board constituted by the Bank
and he
/
she is eligible for pension under applicable SBI
Employees’ Pension Fund Regulations.
iii.
Retention of Accommodation
/ Car / Telephone after
retirement
Officer may retain the
accommodation
(including
designated house), telephone and car upto the maximum
period of 1 month from the date of Voluntary Retirement.
iv.
Laptop to TEGS-VI and above
It can be retained after paying the book value of the
laptop.
v.
Ownership of Car (applicable
to TEGSS-I & above
Not available
vi.
i-Pad to TEGS-VI and above
It can be retained after paying the book value of i-Pad.
vii.
Availing LTC
/
HTC after
retirement
Not eligible
vii.
Continuance of Staff Housing
Loan after retirement.
Not permitted under Voluntary Retirement. However, the
same can be continued in
public terms
on production of an
in-principal approval from the authority competent to
sanction the Housing Term Loan on Public Terms before
Voluntary Retirement.
viii.
Presentation of Memento
Not eligible
ix.
Transition to Retirement
Not eligible
14
Programme for retiring
Officers of applicable grades
and their spouses
x.
Engagement in Bank on
contract basis
Not eligible
xii.
Medical facilities in Bank’s
dispensaries
Same as normal retirement if he is not gainfully employed
elsewhere.
32. All the above benefits allowed at par with normal retirees to
VRS Optees on fulfillment of certain conditions w.e.f.
07.10.2015
In terms of e-Circular No. CDO/P&HRD-PM/58/2015-16 dated 07.10.2015, employees who
retire after putting in at least
30 years of pensionable service
and after attaining the
age of 58
years and
above (both the conditions to be fulfilled) as on the date of applying for voluntary
retirement have been made eligible for all the benefits
/
facilities as available on normal
retirement on opting for Voluntary Retirement with effect from 07.10.2015 subject to fulfillment
of the following additional
stipulations:
Category
Additional stipulation
Clerical
No additional stipulation
Officers upto
SMGS-V
Minimum 3 (three) chances missed out for promotion from the present
grade to the next higher grade in the Bank. While reckoning missed
promotion opportunities from officers, the last two years of service before
normal age of superannuation called as ‘Residual Service’ will not be
counted.
‘OR’
On health ground :
Request of officers on extreme medical/health ground
may be considered on case to case basis depending on the seriousness of
ailments provided he/she is declared unfit by the Medical Officer/Medical
Board of the Bank for continuing in the service of the Bank.
Officers in TEGS-VI
and
above
Minimum 5 (five) chances missed out for promotion from the present
grade to the next higher grade in the Bank. While reckoning missed
promotion opportunities from officers, the last two years of service before
normal age of superannuation called as ‘Residual Service’ will not be
counted.
‘OR’
On health ground :
Request of officers on extreme medical/health ground
may be considered on case to case basis depending on the seriousness of
ailments provided he/she is declared unfit by the Medical Officer/Medical
Board of the Bank for continuing in the service of the Bank.
15
To do list before retirement
Obtain set of prescribed form for payment of Gratuity, Pension, Leave Encashment
etc. from OAD and submit the same (duly filled
/
signed) together with one passport
sized photograph for Pensioner’s Identity Card and 6 joint photographs with spouse
to OAD, Corporate Centre. (Specimen given in Annexures)
Arrange for cancellation of lien in respect of closed loan accounts through HRMS and
get the same approved by the Home Branch of the loan accounts.
Obtain in-principal approval from Housing Loan sanctioning authority for
continuance and repayment of Staff Housing Loan upto the age of 75 years and
/
or
Commercial Housing Loan, if any, after retirement (if desired).
Arrange for repayment of all other loans and dues to the Bank on or before date of
retirement, or else, the same will be liquidated from the proceeds of terminal
benefits.
To do list after retirement
Remember to submit Life Certificate at pension paying branch/ any other branch in
the month of November every year
(as per the specimen contained in Annex-14)
Remember to submit proofs of Investment at pension paying branch for effecting
calculation of income tax.
Remember to collect Form-16 from pension paying branch.
Retain a copy of Pension Payment Order (PPO) which is sent by Circle PPG
Department through Pension Paying Branch to you.
********
*******
*****
16
ANNEXURE-1
FORM “A”
The Chief General Manager,
State Bank of India,
Local Head Office,
_______________
Through : The Branch Manager
State Bank of India
____________ Branch
Dear Sir,
APPLICATION FOR RETIREMENT
I beg to inform you that I shall attain 60 years of age as at the close of business on ________
I shall be glad if you will kindly permit me to retire from Bank’s service as from the above date. I give
hereunder my address after retirement.
Address after retirement
Yours faithfully,
Name :____________________
Designation : ____________________
State Bank of India
______________________ Branch.
____________________
17
ANNEXURE-2
Form “D”
The Trustees,
State Bank of India Employees’ Provident Fund
State Bank of India,
Corporate Centre, MUMBAI
Through the :
State Bank of India
________________
Gentlemen,
APPLICATION FOR REFUND OF PROVIDENT FUND BALANCE ON RETIREMENT
I beg to advise that I shall finally retire from the service of the Bank as at the close of business on the
___________________.
2. I shall feel obliged if you will kindly arrange to refund me the balance standing at the credit of my account in
Provident Fund at an early date through Bank’s ___________ Branch.
My present address is given below.
Yours faithfully,
(Signature)
Name :____________________
Designation : ____________________
State Bank of India
______________________ Branch.
My present address:
____________________
____________________
Date : Signature verified
Branch Manager
State Bank of India
_______________ Branch.
18
ANNEXURE-3
The Chief General Manager,
State Bank of India,
Local Head Office,
_______________
Through : The _______________
State Bank of India
____________ Branch/Office
Dear Sir,
PAYMENT OF GRATUITY UNDER PAYMENT OF GRATUITY ACT, 1972
I shall retire / have retired from the service of the Bank as at the close of business on _________________ in terms
of the provisions of the Payment of Gratuity Act, 1972. I shall be glad if you will please arrange to pay me the gratuity
for which I am eligible, through your ____________________ Branch.
Yours faithfully,
(Signature)
Name :____________________
Designation : ____________________
State Bank of India
______________________ Branch.
Date :
Signature verified
Branch Manager
State Bank of India
Date : _______________ Branch.
19
ANNEXURE-4
Form “E”
The Trustees,
State Bank of India Employees’ Pension Fund
State Bank of India,
Corporate Centre, MUMBAI
Through the : ________________
State Bank of India
________________
Gentlemen,
APPLICATION FOR PAYMENT OF PENSION
I beg to inform you that I shall finally retire from the Bank’s service as at the close of business on _______________.
I shall be feel obliged if you will kindly arrange to pay me pension for which I am willing to drawn through the Bank’s
________________ Branch.
2. I also opt to commute 1/3
rd
of my pension : ( YES / NO)
My Present address is as under:
Yours faithfully,
(Signature)
Name :____________________
Designation : ____________________
P.F. Index No. :____________________
State Bank of India
_____________________ Branch/Office.
My present address:
____________________
____________________
Date : Signature verified
Branch Manager
State Bank of India
_______________ Branch/Office.
20
ANNEXURE-5
C.O.S. 448
STATE BANK OF INDIA EMPLOYEES’ PROVIDENT FUND
Rs. ________________________
Received from the Trustees of the State Bank of India Employees’ Provident Fund the sum of Rupees
____________________________________________________________ (in words) being the balance at my credit
in the Fund with interest thereon on the date of my leaving the Bank’s service.
Revenue Stamp
if over Rs. 500/-
Place : ________________
Date : ________________
(Signature)
WITNESS:-
Signature ___________________
Designation ___________________
Address ___________________
___________________
21
ANNEXURE-6
STATE BANK OF INDIA
RECEIPT
Received from State Bank of India a sum of Rs. ____________ (Rupees__________________
______________________________________________ only) being the amount of Gratuity sanctioned to me by the
Chief General Manager in terms of the provisions of payment of Gratuity Act, 1972.
Revenue Stamp if
over Rs. 500/-
Place :
Date : Receiver’s Signature
P.F. Index No. ___________
Name :
22
ANNEXURE-7
The Chief General Manager,
State Bank of India,
Local Head Office,
_______________
Through : The _______________
State Bank of India
____________ Branch/Office.
Dear Sir,
ENCASHMENT OF LEAVE
As I will be retiring from the Bank’s service as at the close of business on the ____________
_______________, I shall be glad if you will please permit me to encash the Privilege leave due to me at the time of
my retirement.
Thanking you,
Yours faithfully,
(Signature of Employee / Official)
Name : _____________________
Designation : _________________
P.F. Index No. _________________
Branch / Office _______________
____________________________
Date :
23
ANNEXURE-8
The Branch Manager /
AGM / CM, Office Administration Department,
State Bank of India,
__________________________ Branch / Office
Dear Sir,
LEAVE ENCASHMENT ON RETIREMENT
I have to state that I am retiring from Bank’s service as at the close of business on ________
_________ . Please keep the proceeds of my leave encashment on retirement in TDR / STDR for a period of
_________ months / year and mark a Lien over it till I vacate the Bank’s Quarter / Adjust my advance amount taken
against LFC / T.A. Bill.
Yours faithfully,
(Signature of Employee / Official)
Name : _____________________
Designation : _________________
P.F. Index No. _________________
Branch / Office _______________
____________________________
Date :
24
ANNEXURE-9
FAMILY PARTICULARS
I Name of wife (in full) : ________________________________________
Date of birth : ________________________________________
Occupation : ________________________________________
II Name of dependent children : ________________________________________
(Unmarried daughter etc.) : ________________________________________
Name Date of birth Occupation
1. ______________________ _____________ ___________
2. ______________________ _____________ ___________
3. ______________________ _____________ ___________
4. ______________________ _____________ ___________
III Permanent address after retirement : ___________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
IV Six (6) Joint passport sized photographs with spouse (enclosed).
25
ANNEXURE-10
The Branch Manager /
AGM / CM, Office Administration Department,
State Bank of India,
__________________________ Branch / Office
Dear Sir,
DETAILS / SETTLEMENT OF LOANS / ADVANCES
I will be retiring from the Bank’s service as at the close of business on ______________ . Following are my liabilities
towards the Bank as on the date of my retirement.
TYPE OF LOAN ACCOUNT NO. BRANCH (CODE) OUTSTANDING
1. _____________ _____________ ______________ _____________
2. _____________ _____________ ______________ _____________
3. _____________ _____________ ______________ _____________
4. _____________ _____________ ______________ _____________
5. _____________ _____________ ______________ _____________
I propose to liquidate above loans / Advances from my Terminal Benefits / own sources / to continue after my
retirement (applicable only in case of Housing Loan)
Yours faithfully,
(Signature of Employee / Official)
Name : _____________________
Designation : _________________
P.F. Index No. _________________
Branch / Office _______________
____________________________
Date :
26
ANNEXURE-11
The Branch Manager /
AGM / CM, Office Administration Department,
State Bank of India,
__________________________ Branch / Office
Date :
Dear Sir,
PENSIONER’S IDENTITY CARD
I request you to kindly arrange to issue me Pensioner’s Identity Card, as I am retiring on ________________. My Bio-
data is furnished below. I am also enclosing one passport sized photograph of myself.
1. NAME :____________________________
2. DESIGNATION (at the time of retirement) : ____________________________
3. P.F. INDEX NO. : ____________________________
4. DATE OF BIRTH : ____________________________
5. DATE OF RETIREMENT :_____________________________
6. BLOOD GROUP : ____________________________
7. POST RETIREMENT ADDRESS : ____________________________
____________________________
____________________________
8. TELEPHONE NO. (at the above address) : ____________________________
Yours faithfully,
(Signature of Employee / Official)
27
ANNEXURE-12
To,
The Chief Manager (HR)
State Bank of India,
________________Zonal Office,
__________________________
__________________________,
Date :
Dear Sir,
SUB : EMWS REFUND APPLICATION
I am a member of EMW Scheme. My unit of EMWS is Rs. _____ from ________________.
I have completed _______ years of age as on __________ and retired from Bank as ___________________
from _______________ Branch / Office on __________. The particulars of my membership/ posting since
_________till date is given below:-
Sl.
Name of the Branch
No. of
Months
Contribution
From
To
You are therefore, requested to refund my dues. Cheque may be sent to State Bank of India, __________________
Branch Saving Bank Account No. ___________________
Yours faithfully,
(Signature of Employee / Official)
Name : _____________________
Designation : ________________
P.F. Index No. ________________
Branch / Office _______________
____________________________
28
ANNEXURE-13
IBI/SBI/SBS/SBIN PENSION LIFE CERTIFICATE
Certified that Shri / Smt. ……………………………………. a pensioner of the Bank appeared before me today and signed /
affixed his / her L.T.I below in my presence.
_____________ _____________________________
Signature / L.T.I Branch Manager/Gazetted Officer
Date ……………. (Office seal)
Name of the Pensioner : ______________________
P.F. Index Number : ______________________
Pension A/c No. : ______________________
Name and Code of the
Pension paying Branch : ______________________
--------------------------------------------------------------------------------------------------------------------------
ACKNOWLEDGEMENT
(to be given to the applicant by the Branch receiving the Life Certificate)
Received from Shri/Smt. ________________________________ his / her Life Certificate on
_____________.
Date ____________
Branch __________ Signature of the officer
receiving Life Certificate
Seal of the Branch
29
ANNEXURE-14
GROUP MEDICLAIM POLICY FOR SBI RETIREES (POLICY-B)
For new members
APPLICATION FORM FOR POLICY-‘B’ (16.01.2018 – 15.01.2019)
Chief Manager State
Bank of India,
Branch / Zonal office,
Dear Sir,
SUB
:
F
a
m
il
y
Flo
a
t
e
r
Gr
o
u
p
H
ea
l
t
h
I
ns
ur
a
n
c
e
P
olicy
f
o
r
S
B
I
R
et
ir
ees Policy Period : 16.01.2018 –
15.01.2019
I
am
i
nt
e
r
e
s
ted
i
n
j
oin
i
ng
th
e
F
am
il
y
F
l
o
ate
r
Group
H
ea
l
th
I
nsur
an
c
e
P
ol
i
c
y
‘
B’
of
Stat
e
Ba
nk
of
I
ndi
a
and
fu
r
ni
s
h
th
e
r
e
qu
i
r
ed
i
nform
ati
on
as
un
der
:
Sl.
Particulars
Remarks
01
P.F Index No.
02
Name
03
Date of joining the Bank
04
Date of confirmation in service
05
Date of Retirement
06
Retired from
07
Retired as
Cle
r
ica
l/
Sub
-
s
t
a
ff/
JMG
S
-
I/
MM
G
S
-
I
I/MM
G
S
-
II
I/S
MGS
-
IV/
SM
G
S
-
V
/
T
EGS
-
V
I/T
EGS
-
V
II
/
T
EGS
S
-
I/TEGSS-II
08
Age (in years) as on the date of
retirement
09
Gender
i.
Male
ii.
Female
10
Type
i.
Pensioner
ii.
Family Pensioner
11
Category
(Please tick mark)
i.
SBI
retirees on completion of
pensionable service in the Bank.
ii.
Members of National Pension System
on completion of 20 years of
confirmed service in the Bank.
Affix colored joint photograph of
the member and spouse
30
iii. Spouse of SBI employee who died whilst in
service or after retirement.
12
Whether dismissed or terminated from
service. (Tick)
Yes / No
13
Whether Rule 19(3) was invoked on
attaining the age of retirement
(If yes, please furnish the details of the
disciplinary case, date of its
conclusion and penalty, if any
imposed )
Yes / No
14
Date of Birth
dd/mm/yy
15
Date of Death (in case of
deceased employee / pensioner)
dd/mm/yy
16
Address for communication
House No.
Street No.
Nearest Landmark
Post Office
Police Station
City
State
Pin Code
17
Landline No. (with STD code)
18
Mobile No.
19
Email ID
20
Name of Spouse (if any)
21
Date of Birth of Spouse
dd/mm/yy
22
Name of disabled Child
/
Children (if any).
(Attach valid disability certificate
issued by medical officer
not
below the rank of Civil Surgeon)
Sl
Name of the disabled child
Date of Birth
1
dd/mm/yy
2
dd/mm/yy
23
Name of the
pension/family
pension paying branch
Name of the Branch
Code No.
24
Pension Account No. (11 digit)
25
I
F
S
C
Code
26
Sl
no.
Tick
here
Sum Insured
Premium
GST @ 18
%
Total (Rs.)
NON-DOMICILIARY PLANS
31
Sum
I
nsur
e
d
opte
d
for Plan
(Please tick the box
of Plan chosen)
GST @18%
1
Rs. 3.00 lakhs
16,524
2,974
19,498
2
Rs. 4.00 lakhs
26,088
4,696
30,784
3
Rs. 5.00 lakhs
37,175
6,692
43,867
4
Rs. 7.50 lakhs
73,062
13,151
86,213
5
Rs. 10.00
lakhs
1,10,996
19,979
1,30,975
6
Rs. 15.00
lakhs
2,17,790
39,202
2,56,992
7
Rs. 25.00
lakhs
2,33,055
41,950
2,75,005
DOMICILIARY PLANS
8
Rs. 3.00 lakhs
28,110
5,060
33,170
9
Rs. 4.00 lakhs
42,480
7,646
50,126
10
Rs. 5.00 lakhs
59,293
10,673
69,966
11
Rs. 7.50 lakhs
1,03,099
18,558
1,21,657
12
Rs. 10.00
lakhs
1,50,702
27,126
1,77,828
13
Rs. 15.00
lakhs
2,76,084
49,695
3,25,779
14
Rs. 25.00
lakhs
2,89,275
52,070
3,41,345
Undertaking:
I
undertake that
I
have chosen Plan at serial no. above and have agreed to make
payment of the corresponding premium of the Plan.
I
am also aware that the Bank has decided to
support the pensioners by allowing subsidy depending upon the Plan chosen.
I
also know that the
amount of subsidy will depend upon the pension drawn by me (Basic + DA). To arrive at the correct
amount of subsidy
I
am attaching my Pension Slip for the month of December 2017 with this
application form.
I
undertake that if any excess amount
of subsidy is paid on my behalf, the same may be recovered from my account.
Declaration of Nominee/s :
I, Mr./Mrs./Ms.
, a retired employee / spouse of the deceased employee /
pensioner of the Bank do hereby assign the money payable by “United India Insurance Co. Ltd.” in
case of my death to Mr. / Mrs./ Ms. _
Relation
and further declare that his/her receipt shall be sufficient discharge
of the company.
Debit Authority :
I
am aware that
I
along with my spouse and disabled child/children will be eligible for a
hea
l
th
i
nsu
r
an
c
e
c
o
ve
r
of
Rs
.
l
a
c
under
th
e
F
ami
l
y
F
l
o
ater
Group
He
a
l
th
I
nsu
r
an
c
e
policy.
I
hereby authorize the Bank to debit the annual insurance premium amount of Rs.
to my pension / family pension account No. to my above
account.
I
undertake to keep sufficient balance in my above account for debiting the insurance
premium failing which my policy may not be issued / renewed.
I
am also aware
that Bank may at its sole discretion modify the terms and conditions of the policy from time to time.
Place :
Date :
Pension Slip for the month of
………………. attached.
Signature of Retired Employee / Spouse
For office use only
32
Certified that Shri / Smt. is a retired employee / spouse of the retired /
deceased employee of the Bank and he / she has paid the insurance premium as
per the following details:
Amount of Premium as per Plan chosen :
Rs.
Less amount of subsidy as per Pension Slip : Rs.
-----------------------
Amount paid by the pensioner
: Rs.
State Bank of India
Name of the Forwarding Branch (Code No.):
Place :
Date :
Signature of the Branch Manager with seal
………………………………………………………………………………
ACKNOWLEDGEMENT
(to be given to the applicant by the branch receiving the Form)
Received from Shri/Smt.
Application for membership of Family Floater Group Mediclaim Policy ‘B’ along with
I
n
s
ur
an
c
e
P
r
emium
i
nc
l
ud
i
ng
Go
od
s
&
Se
r
vi
c
e
s
Tax
of
Rs
.
submission to Admin Office.
Date
Name of officer receiving the form
33
Name of Disease
Sl
Name of Disease
1
Cancer
33
Diphtheria
2
Leukemia
34
Malaria
3
Thalassemia
35
Non-Alcoholic Cirrhosis of Liver
4
Tuberculosis
36
Purpura
5
Paralysis
37
Typhoid,
6
Cardiac Ailments
38
Accidents of Serious Nature
7
Pleurisy
39
Cerebral Palsy
8
Leprosy
40
Polio
9
Kidney Ailment
41
All Strokes Leading to Paralysis
10
All Seizure disorders
42
Hemorrhages caused by accidents
11
Parkinson's diseases
43
All animal/reptile/insect bite or sting
12
Psychiatric disorder including
Schizophrenia and Psychotherapy
44
Chronic pancreatitis
13
Diabetes and its complications
45
Immuno Suppressants
14
Hypertension
46
Multiple sclerosis / motor neuron disease
15
Asthma
47
Status Asthmatics
16
Hepatitis – B
48
Sequalea of Meningitis
17
Hepatitis – C
49
Osteoporosis
18
Hemophilia
50
Muscular Dystrophies
19
Myasthenia gravis
51
Sleep apnea syndrome (not related to obesity)
20
Wilson's disease
52
Prostate
21
Ulcerative Colitis
53
Sickle cell disease
22
Epidermolysis bullosa
54
Systemic lupus Erythematous (SLE)
23
Venous Thrombosis(not caused by
smoking)
55
Any connective tissue disorder
24
Aplastic Anaemia
56
Varicose veins
25
Psoriasis
57
Thrombo Embolism Venous Thrombosis /
Venous Thrombo embolism (VTE)
26
Third Degree burns
58
Growth disorders
27
Arthritis
59
Graves' disease
28
Hypothyroidism
60
Chronic Pulmonary Disease
29
Hyperthyroidism
61
Chronic Bronchitis
30
Expenses incurred on Radiotherapy
and Chemotherapy in the treatment
of Cancer and Leukemia
62
Physiotherapy
31
Glaucoma
63
Swine flu
32
Tumor
34
CATEGORISATION OF CENTRES
Tier – 1
Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai,
Pune
Tier – 2
Agra, Ajmer, Aligarh, Allahabad, Amravati, Amritsar, Asansol, Aurangabad, Bareilly, Belgaum,
Bhavnagar, Bhiwandi, Bhopal, Bhubaneshwar, Bikaner, Bokaro Steel City, Chandigarh,
Coimbatore, Cuttack, Dehradun, Dhanbad, Durg – Bhilai Nagar, Durgapur, Erode,
Faridabad, Firozabad, Ghaziabad, Gorakhpur, Gulbarga, Guntur, Gurgaon, Guwahati,
Gwalior, Hubli – Dharwad, Indore, Jabalpur, Jaipur, Jalandhar, jammu, Jamnagar,
Jamshedpur, Jhansi, Jodhpur, Kannur, Kanpur, Kakinada, Kochi, Kottayam, Kolhapur, Kollam,
Kota, Kozhikode, Kurnool, Lucknow, Ludhiana, Madurai, Malappuram, Malegaon,
Mangalore, Meerut, Moradabad, Mysore, Nagpur, Nashik, Nellore, Noida, Patna,
Pondicherry, Raipur, Rajkot, Rajahmundry, Ranchi, Rourkela, salem, Sangli, Siliguri,
Solapur, Srinagar,
Surat, Thiruvananthapuram, Palakkad, Thrissur, Tiruchirapalli, Tiruppur, Ujjain,
Vadodra, Varanasi, Vasai – Virar City, Vijaywada, Visakhapatnam, Warangal.
Tier-3
All other cities.
ROOM RENT CAPPING
Sum Insured
Tier 1 Centre
Tier 2 Centre
Tier 3 Centre
Room
Rent
ICU Rent
Room Rent
ICU Rent
Room Rent
ICU Rent
300000
4000
7500
3500
7500
3000
7500
400000
4000
7500
3500
7500
3000
7500
500000
4000
7500
3500
7500
3000
7500
750000
4000
7500
3500
7500
3000
7500
1000000
4800
9000
4200
9000
3600
9000
1500000
5600
10000
4900
10000
4200
10000
2500000
7200
12000
6300
12000
5400
12000
DISEASE WISE CAPPING
Type of Disease
Limits
Tier 1 Centre
Tier 2 Centre
Tier 3 Centre
Angioplasty
150,000
125,000
100,000
CA BG
250,000
200,000
150,000
Cataract
30,000
25,000
20,000
Cholecystectomy
50,000
45,000
40,000
Hernia
50,000
45,000
40,000
Knee Replacement -
Unilateral
175,000
150,000
100,000
Knee replacement -Bilateral
250,000
225,000
175,000
Prostrate
70,000
50,000
40,000
35
Gross
Monthly
Pension
Plan (Sum
Insured)
WITHOUT DOMICILIARY PLANS
WITH DOMICILIARY PLANS
Gross
Premium
(incl. GST)
Admissible
Subsidy
Premium
Payable by
Member
Gross
Premium
(incl.
GST)
Admissible
Subsidy
Premium
Payable by
Member
Upto Rs.
20000
300000
19,498
14624
4,874
33,170
15000
18,170
400000
30,784
15000
15,784
50,126
15000
35,126
500000
43,867
15000
28,867
69,966
15000
54,966
750000
86,213
15000
71,213
1,21,657
15000
1,06,657
1000000
1,30,975
15000
1,15,975
1,77,828
15000
1,62,828
1500000
2,56,992
15000
2,41,992
3,25,779
15000
3,10,779
2500000
2,75,005
15000
2,60,005
3,41,345
15000
3,26,345
Rs. 20001 - Rs.
30000
300000
19,498
11699
7,799
33,170
12000
21,170
400000
30,784
12000
18,784
50,126
12000
38,126
500000
43,867
12000
31,867
69,966
12000
57,966
750000
86,213
12000
74,213
1,21,657
12000
1,09,657
1000000
1,30,975
12000
1,18,975
1,77,828
12000
1,65,828
1500000
2,56,992
12000
2,44,992
3,25,779
12000
3,13,779
2500000
2,75,005
12000
2,63,005
3,41,345
12000
3,29,345
Rs. 30001 - Rs.
40000
300000
19,498
9749
9,749
33,170
12000
21,170
400000
30,784
12000
18,784
50,126
12000
38,126
500000
43,867
12000
31,867
69,966
12000
57,966
750000
86,213
12000
74,213
1,21,657
12000
1,09,657
1000000
1,30,975
12000
1,18,975
1,77,828
12000
1,65,828
1500000
2,56,992
12000
2,44,992
3,25,779
12000
3,13,779
2500000
2,75,005
12000
2,63,005
3,41,345
12000
3,29,345
Above Rs.
40000
300000
19,498
4875
14,623
33,170
8293
24,877
400000
30,784
7696
23,088
50,126
10000
40,126
500000
43,867
10000
33,867
69,966
10000
59,966
750000
86,213
10000
76,213
1,21,657
10000
1,11,657
1000000
1,30,975
10000
1,20,975
1,77,828
10000
1,67,828
1500000
2,56,992
10000
2,46,992
3,25,779
10000
3,15,779
2500000
2,75,005
10000
2,65,005
3,41,345
10000
3,31,345
Gross Monthly Pension = Basic Pension (uncommuted) + Dearness Relief