As you may recollect, we had conducted a survey of interest for group insurance in March, 2022. We had received responses from 157 alumni who listed a total 387 persons including themselves and their family members. Average age of our alumni group based on the survey was 40 years, with the youngest alumni of 22 years and oldest of 55 years.
Author: IIMC Alumni Association
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Revised IIMCAA Group Health Insurance Premium, now in Age wise slabs
Dear IIMCians,Thank you for the overwhelming response to our first ever IIMCAA Group Health Insurance Plan.Several insurance companies refused to offer us group insurance due to primarily lack of any history of our group and secondly due to the very small size of the group. Despite these shortcomings, we could secure a quote from TATA AIG, which offered a quote to insure these 387 persons, keeping their age in mind, against a premium of 25,23,260 INR for a year. We simply divided the premium by total persons expected to be covered under the scheme to arrive at a per person premium of Rs. 6,521/-.We are sorry to inform you that the premium for IIMCAA Group Health Insurance is being revised in age wise slabs, keeping in view the responses on multiple grounds we have received so far, to make it fair for young people and reasonable for older persons.After the announcement of the scheme and premium, we have received several queries that indicate that the average age of our group is going to change towards older people. Age is the main ground of premium calculation for companies when they assess risk of claims. Hence in the interest of everyone, IIMCAA Insurance Committee has decided to recall the 6,521 INR premium offer and introduce the slabbed premiums for different age brackets that will do justice to youngsters who would pay less and reasonable for olders who would pay more.Must remember, if you buy health insurance individually, you pay more than any group insurance, additionally you undergo several tests while many diseases are covered after a defined period. Our Group Insurance scheme covers most pre-existing diseases from day one, without any waiting period.New slabs for IIMCAA Group Health InsuranceAlumni should calculate the premium on his/ her own based on his/ her age and age of spouse and children. Refer to the age and premium table below for calculation. Payment to IIMCAA should be made only after your calculation is confirmed by the Insurance Committee. Fill up your details in the Google Form and we will intimate to you the premium you would be required to pay. Further you will need to transfer that amount by NEFT to IIMCAA Account and inform us.After the closure of the scheme, we will go back to TATA AIG with the final list. Depending on the number and other demography of our final list, TATA AIG will arrive at final premium amount, which may be higher or lower than the one they have offered now, depending on extent of variation in demographics of the final list from the original list.If TATA AIG premium is lower than the collected money, it will be notified to all participating alumni and a refund or an additional policy such as accidental coverage etc may be issued to them by our agent. Similarly, if TATA AIG fixes a higher premium than what we have collected, we will come back to participating alumni and seek additional funds to meet the shortfall.Premium for various age slabs for IIMCAA Group Health Insurance Plan:All other details and dates of the IIMCAA Group Health Insurance Scheme communicated to you on 22nd November remain the same which you may read here.IIMCAA Group Health Insurance: How To Register, What is Premium Amount – FULL DETAILSIt is our first project of this type and scale. Hence we could not anticipate that the final participating alumni could be widely different than those who had expressed interest originally. Therefore we are constrained to revise the premium and put them in different age brackets, to be fair to one and all. We regret the inconvenience caused to you.Request you all to grab the opportunity to get covered with all pre existing illnesses without any waiting period.Let's Do It !– IIMCAA Group Insurance Teamhttp://feeds.feedburner.com/ IimcAlumniAssociation -
IIMCAA Group Health Insurance: How To Register, What is Premium Amount – FULL DETAILS
Dear IIMCAA Members,
The momentous day has finally arrived.We are extremely delighted to announce that the IIMCAA Group Health Insurance Plan is now open for Registration. Please go through the Registration Guideline, follow the process and register.
Only a large number of registration can lay a solid launching pad for the successful launch of IIMCAA Insurance Programs. So for the sake of your family's health, do join this unique initiative. It can only get better from here.Looking forward to a huge participation, from one and all.
– IIMCAA Insurance Team
http://feeds.feedburner.com/ IimcAlumniAssociation -
Announcement of IIMCAA Group Health Insurance Scheme
Dear IIMCAA Members,
Hope you all had a wonderful festive season.Good Health for self and family is the biggest festival to celebrate. IIMCAA Insurance Team had solicited your interest for group insurance products. Since the number of members who had expressed interest was very low, it took us a lot of time to get an insurance Company to offer us a product.
We are delighted to announce that we have been able to negotiate a very attractive Group Health Insurance product, loaded with features, from one of the leading Insurance Companies Tata AIG.
We will come back to you in a few days with product features and the process for registration. This is advanced information for you all to keep your amount ready in the bank.
Needless to say, only huge participation from us will ensure that the Company ultimately issues the product and IIMCAA Insurance as a concept takes shape and grow. So, let us all join hands in our own interest and participate in this wholeheartedly.
Please wait for the next announcement from us.
– IIMCAA Insurance Teamhttp://feeds.feedburner.com/ IimcAlumniAssociation -
AGM MoM – Governing Council, Election Rules, IIMCAA Awards To Launch One Category Open For All Journalists (Including Alumni)
Dear IIMCians,
Annual general meeting (AGM) of The IIMC Alumni Association (IIMCAA) was held at IIMC HQ, New Delhi on 25th September, 2022. IIMCAA President Mr. Kalyan Ranjan presided over the meeting. Listed agenda was discussed at the AGM followed by the issues raised by members present at the AGM.Minutes of the meeting:-
1. AGM approved the proposal to rename the National Council to Governing Council. Appropriate amendments in the constitution will be done accordingly.2. AGM approved the proposal to insert a rule for central committee elections that a panel must have representation of at least 3 campuses and 3 courses. Appropriate amendments in the constitution will be done accordingly.
3. AGM approved the proposal to authorise the governing council to resolve disputes between the central committee and chapters/ sub chapters if such a situation arises. Appropriate amendments in the constitution will be done accordingly.
4. AGM discussed the proposal to open all IIMCAA Awards for non alumni professionals. Majority members opposed this proposal and based on the discussion, AGM approved to start one new award open for all journalists which was accepted by the members present at the meeting.
5. IIMCAA Member Mr. Krishna Pophale raised the issue of tenure for Chapter and Sub Chapters similar to the Central Committee. AGM discussed it and rejected it unanimously.
6. IIMCAA Member Mr. Krishna Pophale raised the issue of including alumni of other Indian states in the central committee and not limiting it for alumni residing in Delhi-NCR only. AGM discussed it and approved in principle to expand the ambit of the central committee without interfering with the constitution in any manner.
Thanks & Regards,
Sadhna Arya
General Secretaryhttp://feeds.feedburner.com/ IimcAlumniAssociation -
Uttarakhand Chapter Elects Bhupesh Pant, President; Mudita Agnihotri, General Secretary; Manita Harit, Treasurer
Dear IIMCians,IIMC Alumni Association's Uttarakhand Chapter was formed at a meeting in Dehradun on 21st August, 2022 on the sidelines of the Annual Alumni Meet- Koo Connections 2022.Uttarakhand Chapter CommitteePresident- Bhupesh PantGeneral Secretary- Mudita AgnihotriTreasurer- Manita HaritOrganisation Secretary- Pallavi SinghExecutive Member- Prince MaheshwariExecutive Member- Sharmishtha SinghExecutive Member- Shivangi SinghExecutive Member- Amita GhoshExecutive Member- Sandeep KumarExecutive Member- Kamla KuniyalExecutive Member- Vasundhara RajputThanks & Regards,Pallavi SinghOrganisation Secretaryhttp://feeds.feedburner.com/ IimcAlumniAssociation -
Notice – IIMCAA Annual General Meeting on 25 September, 2022 at IIMC HQ, New Delhi at 4 PM
Dear IIMCians,IIMC Alumni Association will host its Annual General Meeting on 25th September, 2022 (Sunday) at IIMC HQ, New Delhi at 4 PM.Agenda:-1. Renaming National Council to Governing Council2. Inserting rule for central committee elections that a panel must have representation of at least 3 campuses and 3 courses3. Authorising the governing council to resolve disputes between the central committee and chapters/ sub chapters if such a situation arises4. Anything raised by members present at the AGMThanks & Regards,Sadhna AryaGeneral Secretaryhttp://feeds.feedburner.com/ IimcAlumniAssociation -
Central Committee Meeting on 12 June, Sunday at IIMC HQ, New Delhi
Dear IIMCians,The Central Committee will meet on 12 June, Sunday at IIMC HQ at 5 PM.Agenda:-1. Review of Connections & IIMCAA Awards 20222. Anything raised by members present in the meeting.Join Please.Thanks & Regards,Sadhna AryaGeneral Secretaryhttp://feeds.feedburner.com/ IimcAlumniAssociation -
IIMCAA Scholarships 2022: List of Awardee Students for 28 Scholarships of 25000 INR Each
Dear IIMCians,The IIMCAA Scholarship Committee met on 20th April, 2022 virtually to select the awardees for 28 IIMCAA Scholarships 2022. The committee unanimously decided to award the following scholarships to the following students of 2021-22 Batch.Thanks & Regards,Sadhna AryaGeneral Secretaryhttp://feeds.feedburner.com/ IimcAlumniAssociation