Thank you for the overwhelming response to our first ever IIMCAA Group Health Insurance Plan.
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.
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 Insurance
Alumni 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:
Age (as on Dec 20, 2022)
Premium (INR)
90 Days to 25 Years
5400
26 – 35 Years
6200
36 – 45 Years
6700
46 – 55 Years
10000
56 – 65 Years
18000
66 – 75 Years
25000
76 – 90 Years
35000
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 DETAILS
It 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.
We have got a Group Health Insurance Scheme from Tata AIG of Rs. 5 Lakh Sum Insured as Family Floater.
1A: Salient Features of the Product are as under:
Covers family comprising two adults and up to two dependent children till the age of 25 years
Covers 30 days Pre and 60 days Post hospitalization
Almost all pre-existing disease covered
Day care: 541-day care procedures covered
Room rent: 1% of SI for Normal and 2% for ICU, Normal Room Rent is inclusive of Nursing Charges
In the event of insured getting admitted in higher room category, all hospital related expenses will be on proportionate basis to the eligibility limit as per room rent restriction. All other related charges in accordance with the room rent restriction or actuals whichever is lower
Terrorism: Any Hospitalisation due to terrorism activities will be covered up to IPD Sum Insured
Ambulance / Road Ambulance: Covered up to 1% of SI with maximum amount of INR 2000 Per Hospitalisation
Limit on Treatment/ Illness/ Surgery: No capping on Appendix, Eye related (other than Cataract), Gall Bladder, Hernia, Hydrocele, Hysterectomy, Piles, Urinary Stone (including DJ stent removal for same stone) and Joint Replacement including Vertebral joints
Maternity Benefit (For Normal and C Section): Covered for Metro locations (Normal Delivery – INR 50000, C-Sec – INR 50000) & For Non-Metro locations (Normal Delivery – INR 50000, C-Sec – INR 50000) – Applicable for Self and Spouse, for First two deliveries only, 9 Month Waiting Period for Maternity Waived Off
Pre and Post Natal Expenses Covered within Maternity Limit on IPD and OPD basis up to INR 5000
Baby day 1 cover: Not Covered
Family Transportation Covered: up to INR 5000
Nursing Allowance Covered for INR 100 per day up to a maximum of 15 days with a deductible of 2 days
Congenital Internal diseases: Covered
Congenital External diseases: Covered in Life threatening condition only
AYUSH Cover: Covered in Govt. Recognised hospitals only up to 25% of Sum Insured
Co-Pay on all Claims: No Co-payment on claims
Dental Treatment: Covered in case of hospitalization due to accident on IPD basis only
Cataract Limit (INR): Rs. 20,000/- per eye
Specified disease/ procedure waiting period: Waived off
30 Days waiting period: Waived off
PED waiting period: Waived off
Co-pay for Specified illness: Cyberknife treatment/Stem Cell Transplantation covered with 50% Co Pay
Cochlear Implant treatment: Cochlear Implant treatment restricted to 50% of SI
Hospital Cash Benefit Hospital Cash Benefit is covered for Rs 500 per day for 7 days Only if Hospitalisation is more than 5 days
Psychiatric ailments Policy also covers hospitalization arising out of Psychiatric ailments within a limit of Rs. 50,000 per family
Refractive Error Correction Covered if correction index is +/- 6.5 D
Functional Endoscopic Sinus Surgery: Policy also covers hospitalization arising out of Functional Endoscopic Sinus Surgery within a limit of 35,000 per family within the Family Floater SI
COVID 19 Covered from Day 1
Domiciliary Hospitalisation: Not covered
Outpatient Department (OPD): Not Covered
Health Check Up: Not Covered
Metro Cities: Metro cities includes Mumbai, Delhi NCR, Chennai, Bengaluru, Kolkata, Hyderabad, Pune and Ahmedabad
Limit on Treatment/Illness/Surgery Metro Non metro
Appendix No Capping No Capping
Eye related (Other than Cataract) No Capping No Capping
Gall Bladder No Capping No Capping
Hernia No Capping No Capping
Hydrocele No Capping No Capping
Hysterectomy No Capping No Capping
Piles No Capping No Capping
Urinary Stone (incl DJ stent removal for same stone) No Capping
Joint Replacement including Vertebral joints No Capping
1B: Premium for various age slabs for IIMCAA Group Health Insurance Plan:
Age (as on Dec 20, 2022)
Premium (Rs.)
90 Days to 25 Years
5,400
26 – 35 Years
6,200
36 – 45 Years
6,700
46 – 55 Years
10,000
56 – 65 Years
18,000
66 – 75 Years
25,000
76 – 90 Years
35,000
1C: Who are eligible:
Primary Applicant + Spouse + Up to two dependent children up to 25 years of age
Primary Applicant: Anyone who has completed any of the PG Diploma courses or has completed a training period of minimum three months course at any campus of IIMC and is between 91 days to 90 years of age is eligible to take IIMCAA Group Health Insurance.
After you have filled in the Google Form, please calculate the premium to be paid for each member of your family as per the table in 1B above. You will receive an email from iimcaainsurance@gmail.com mentioning exact premium you need to pay. Please transfer this amount to IIMCAA Bank Account via NEFT ONLY.
1E: Where to Pay: Please do NEFT to IIMCAA Account as per details below: Name of Beneficiary: IIMC Alumni Association
Account Number: 520101008472935
Bank Name: Union Bank of India
Branch Name: Green Park Branch
Address of the Bank: S-24, Green Park Ext., New Delhi – 110016
MICR No.: 110026168
IFSC Code of Bank: UBIN0801623
Account Type: Savings Account
1F: What after Payment: After making the payment, please send below details on
NEFT payment reference no. + Your bank name + Your bank branch (do not share A/c no. or anything confidential) and A/c holder name:
Amount Transferred:
Date and Time of NEFT transaction:
1G. Registration Period: Registration for IIMCAA Health Insurance will begin on Nov 21, 2022 and will end on Dec 05, 2022.
IMPORTANT POINT TO NOTE
We have got the quotation from TATA AIG basis the survey we had done in March 2022.
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. Please remember, Insurance Company reserves the right to change any feature of the policy or deny the policy.
At this stage, we can only request all IIMCAA Members to participate in this in large numbers so that we can further negotiate with Insurance Company for some added benefits.
IIMCAA is on its way to scripting History. Be on its right side.
Personal Accident Insurance + Healthcare Top UP Plan
Due to smaller number of respondents during our survey, no insurance company has offered us personal accident plan or top up plan. For PA Plan, its premium is very low. For top up, the premium is a function of demography (number of members in the family and their age) of each case.
To help IIMCAA members take these plans, we have got our Insurance Agency recommended plans from HDFC Ergo as they are one of the best in the industry with one of the best claim settlement ratios. Plus, our agency will handhold you during the process of taking insurance and during claim settlement also, should the need arise.
We recommend that you take Super Top Up of around Rs. 20 lakhs with Rs. 5 lakhs deductibles. Meaning, Super Top Up will trigger only when your medical bill crosses Rs. 5 lakhs.
Features of HDFC ERGO Super Top Up:
Private AC room allowed (no cap)
HDFC ERGO has the most networked hospitals across the country – cashless facility
In house TPA – no brokers/ intermediate agencies
Lifelong renewal
No Claims Experience Loading on Renewal
30 days Pre and 60 days Post hospitalization covered
Covers permanent disablement – depending on extent and organ
In-hospital medical expenses – accident only
Covers burn
Hostage release fees
Cashback on all plans other than IIMCAA Group Healthcare Insurance: Our agency has agreed to give a cashback of 5% of insurance premium excluding GST on all products that you may purchase from them. This will be returned to you via a mode you suggest to them after 30 days of issuance of policy. For Car insurance 5% cash back will be excluding GST and Third- Party Insurance.
Insurance Agency is an external party and not related with IIMCAA. It is the same agency that has got us the IIMCAA Group Health Insurance Plan. Because of statutory guidelines, they will not mention cash back in writing to any individual. They will facilitate and guide you in case your face any problems during claims and hospitalizations.
For products other than IIMCAA Group Healthcare Plan, you need to email to iimcaainsurance@gmail.com or WhatsApp to 7044419813 as under:
For Top up to with deductibles: TOPUP with DOB (dd/mm/yyyy) of all members
For Personal Accident: PA with DOB (dd/mm/yyyy) of adult members
For Car Insurance: CAR
For other Insurances like Home, Cyber, Investment Plans etc.: OTHERS
Disclaimer
For all products other than IIMCAA Group Healthcare Plan, the payment will be made by you directly to the concerned Insurance Company and you will be dealing with the insurance company directly. The Agency will of course handhold you through the process. This is just an advisory from IIMCAA and IIMCAA is not involved in its pricing or anything else.
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.
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.
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.
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.
IIMCAA Scholarships 2022: List of Awardees- 25000 INR Each
Name of Scholarship
Name, Department and Campus of Student
Supported By
1
Kunwar Abhishek Bhagat Memorial IIMCAA Scholarship
Neeraj C V, Malayalam Journalism, Kottayam
IIMC Alumni Association
2
Kunwar Abhishek Bhagat Memorial IIMCAA Scholarship
Adarsh Saket, Radio & Television Journalism, Delhi
IIMC Alumni Association
3
Vinay Nahata Memorial IIMCAA Scholarship
Rupali Ranjan, Advertising & Public Relations, Delhi
Mr. Amit Jain (ADPR, Delhi, 2005-06 Batch)
4
Vinay Nahata Memorial IIMCAA Scholarship
Niraj Kumar, English Journalism, Delhi
Mr. Amit Jain (ADPR, Delhi, 2005-06 Batch)
5
Gahareshwar Bajpai Memorial IIMCAA Scholarship
Tamanna Khatoon, Urdu Journalism, Delhi
Mr. Neeraj Bajpai (HJ, Delhi, 1998-99 Batch)
6
Surendra Prasad Sinha Memorial IIMCAA Scholarship
Srishti Mittal, Advertising & Public Relations, Delhi
Mr. Shishir Sinha, Senior Journalist
7
Dalchand Vashishth Memorial IIMCAA Scholarship
Rakhi Yadav, Radio & Television Journalism, Delhi
Mr. Suresh Kumar Vashishth, (EJ, Delhi, 1994-95 Batch)
8
Sehdev & Sushila Chibber Memorial IIMCAA Scholarship
Sadashiba Chand, Odia Journalism, Dhenkanal
Ms. Nanditta Chibber (EJ, Delhi, 2003-04 Batch)
9
Brig J.S. Bawa Memorial IIMCAA Scholarship
Sharmila Bhadoria, English Journalism, Dhenkanal
Ms. Simrat Gulati (ADPR, Delhi, 1984-85 batch)
10
KS Jolly Memorial IIMCAA Scholarship
Nandan Kumar, English Journalism, Delhi
Mr. Deepak Jolly, Consocia Advisory
11
KS Jolly Memorial IIMCAA Scholarship
Rajnish Kumar, Hindi Journalism, Delhi
Mr. Deepak Jolly, Sashakt Development & Empowerment Foundation
12
Banarasi Singh Memorial IIMCAA Scholarship
Rishabh Raj, Hindi Journalism, Delhi
Mr. Harsh Wardhan, Founder- Fortuna PR
13
Banarasi Singh Memorial IIMCAA Scholarship
Anshu, Hindi Journalism, Delhi
Mr. Harsh Wardhan, Founder- Fortuna PR
14
Brijendra Narayan Agnihotri Memorial IIMCAA Scholarship
Shanti Lakra, Hindi Journalism, Delhi
Ms. Mudita Agnihotri ( HJ, Delhi, 1998-99 Batch)
15
M.N. Roy Memorial IIMCAA Scholarship
Suman Rana, Odia Journalism, Dhenkanal
Mr. Kalyan Ranjan (HJ, Delhi, 1990-91 Batch)
16
STS Thirumalainathan – Ponnammal Memorial IIMCAA Scholarship
Lachi Gola, English Journalism, Dhenkanal
Mr. N Sundaresha Subramanian (EJ, Dhenkanal, 2004-05 Batch)
17
Panchanan – Chhabi Bhaduri Memorial IIMCAA Scholarship
Shafquat Jabi, Urdu Journalism, Delhi
Ms. Anisha Bhaduri (EJ, Dhenkanal, 2000-01 Batch)
18
Freedom Fighter Janak Dev Chaturvedi Memorial IIMCAA Scholarship
Akhil S, Malayalam Journalism, Kottayam
Mr. Saurabh Chaturvedi (EJ, Delhi, 2006-07 Batch)
19
Rai Anand Ray Memorial IIMCAA Scholarship
Vimal Harsh, English Journalism, Delhi
Mrs. Priyanka Saxena Ray & Mr. Rai Umraopati Ray (EJ, Dhenkanal, 2004-05 Batch)
20
Maha Periyava Swami Chandrasekharendra Saraswathi Memorial IIMCAA Scholarship
Chandrakant Shashikant Dusane, Marathi Journalism, Amravati
Prof. Sudhaker Rao Foundation
21
Freedom Fighter Sudhir Kumar Banerjee Memorial IIMCAA Scholarship
Arun Singh, Advertising & Public Relations, Delhi
Mr. Ashish Chakravarty (ADPR, Delhi, 1992-93 Batch)
22
Chaudhary Khusi Ram Memorial IIMCAA Scholarship
Aniket Kumar Sah, Radio & Television Journalism, Delhi
Ms. Sadhna Arya (EJ, Delhi, 2011-12 Batch)
23
IIMCAA Scholarship
Urvashi, Advertising & Public Relations, Delhi
An Alumni Who Wishes To Remain Unnamed
24
Dillip Satapathy Memorial IIMCAA Scholarship
Alekh Swain, English Journalism, Amravati
Dillip Satapathy Memorial Trust
25
Kusum & SD Gupta Memorial IIMCAA Scholarship
Surabhy Suresh, Malayalam Journalism, Kottayam
Mr. Anshu Gupta ( HJ/ ADPR Delh,1990-91/ 1991-92 Batch)
26
Mahesh Chander Kalra Memorial IIMCAA Scholarship
Pragati Rajendra Bahurupi, Marathi Journalism, Amravati
Mr. Madhur Kalra (EJ, Delhi, 2003-04 Batch)
27
Baldev Raj Sawhney Memorial IIMCAA Scholarship
Shweta Shukla, English Journalism, Delhi
Mrs. Alice Guram (EJ, Delhi, 1991-92 Batch)
28
Gopal Dass Verdhan Memorial IIMCAA Scholarship
Sunny Kumar Paswan, Radio & Television Journalism, Delhi
Mr. Harshendra Singh Verdhan (ADPR, Delhi, 2004-05 Batch)
IIMC Alumni Association is adding one more IIMCAA Scholarship from the academic session 2021-22 in the memory of the late Baldev Raj Sawhney.
Ms. Alice Guram (EJ, 1991-92 Batch) has instituted Baldev Raj Sawhney Memorial IIMCAA Scholarship in the name of her father, which will be awarded to a needy girl student, pursuing english journalism at Delhi campus.
IIMCAA Scholarship is an initiative started with the support of alumni and well-wishers of IIMCAA in the academic year 2018-19. 11 IIMCAA Scholarships were awarded to the students of different departments and campuses in 2019.
The addition of one new scholarship will make a total 27 IIMCAA Scholarships of 25000 INR each available for students in 2022.
IIMC Alumni Association is adding one more IIMCAA Scholarship from the academic session 2021-22 in the memory of the late Mahesh Chander Kalra.
Mr. Madhur Kalra (EJ, 2003-04 Batch) has instituted Mahesh Chander Kalra Memorial IIMCAA Scholarship in the name of his father, which will be awarded to a needy girl student, pursuing journalism in regional language courses (Urdu, Odia, Malayalam, Marathi).
IIMCAA Scholarship is an initiative started with the support of alumni and well-wishers of IIMCAA in the academic year 2018-19. 11 IIMCAA Scholarships were awarded to the students of different departments and campuses in 2019.
The addition of one new scholarship will make a total 26 IIMCAA Scholarships of 25000 INR each available for students in 2022.
