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LIFE COVER POLICY
MOLMI takes great pleasure in announcing the commencement of the Group Term Life cover for Indian officers with effect from October 2009 which is the 2nd type of insurance scheme envisaged under the Indian Officers' Welfare Scheme.
This policy has been obtained after much persuasion, discussions and negotiations with LIC and Reserve Bank of India. MOLMI started the process in mid 2008 but due to the peculiarities in Indian legislation for insurance and foreign companies, this finally was achieved in October 2009.
This life insurance policy taken with LIC of India covers the lives of the Indian officers in active service with the company. The policy covers them not only when they are on leave but also when they are sailing on board MOL vessels. Since this is group cover, no individual policy papers will be sent to seafarers.
Cover is as follows
Management level officers ( Master, Chief Engineer, Chief Officer, 1st Asst. Engineer, 1st Officer and Gas Engineer) -Rs 30 lakhs ( 3 millions)
Operation level officers ( 2nd Officer, 3rd Officer, 2nd Asst. Engineer, 3rd Asst. Engineer and Electrical Officer) - Rs 15 lakhs (1.5 millions).
RENEWAL OF MEDICAL COVER
MOLMI takes great pleasure to renew its Medical Insurance scheme for Indian officers serving in the MOL pool. The effective date of renewal was from 14th January 2010.
The silent features of the scheme are as follows:
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Sum Insured of Rs. 500000/- per year for each seafarer and his family.
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Family floater for self, spouse and three children.
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Ambulance charges of Rs. 1000/- per claim.
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Waiver of first year standard exclusions such as Cataract, Benign, Prostatic hypertrophy Hysterectomy for Menorrhagia, Fibromyoma, Hernia, Congenital internal diseases, Fistula in anus, Sinusitis, Hydrocele. (Such cases are normally not covered in the 1st year of the policy)
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Waiver of pre-existing diseases.
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Waiver of 30 days waiting period (Any claims arising from the first day of inception of policy will get paid)
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Inclusion of Maternity extension (upto Rs. 50000/-)
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Day one newly born baby cover
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Availability of TPA (Third Party Administrator) facility.
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Cash less facility at listed hospitals.
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Reimbursement Facility
This scheme is insured through United India Insurance Co. Ltd. (UIIC) and administered through One World Consultants. The Third Party Administrators (TPA) of the scheme are E-Meditek Solutions Ltd. Please note that all claims under this policy will be processed by the TPAs.
Information regarding individual membership, benefits and the claim procedure etc. is available on the TPA's website www.emeditek.co.inwhere seafarers and their families can log in with their membership nos. The officers are requested to update their personal data such as names of family members, correspondence address etc. in our system to ensure smooth implementation of this scheme.
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