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Major Benefit – 10th Bipartite Settlement

10th Bipartite Settlement – The 10th Bipartite Settlement was agreed and accepted at 15% hike by IBA. Now there are major other benefit which are provided to bankers as per the settlement.

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The Major Benefit on Hospitalization, Medical and others are as follows :

1 Hospitalization reimbursement is 100% for both self & Dependent.

2 There is no limit/cap for the tests etc.

3 Normal delivery charges is reimbursable up to Rs 35000/-

4 Cesarean delivery charges reimbursable up to Rs 50000/-

5 No limit for package treatment.

6 Hospitalization reimbursement even after retirement on payment of very nominal premium.

7 Paternity leave for 15 days twice in the service ( beneficial for young employees)

8 Un availed CL 4 days can be taken without MC.

9 PL leave apply period reduced from 30 days to 15 days.

10 Combined CL restriction of 6 days at a stretch is removed.

11 Rs 1 lac Ex gratia is permitted for meeting preliminary expenses in cases of serious ailments.

12 Full period of absence to those donate kidney is treated as leave with full pay.

13 Child adoption leave to be granted for 6 months out of maternity leave.

14 Leave for surrogacy child birth is permitted up to 6 months.

15 leave for hysterectomy increased from 45 days to 60 days.

16 Accumulation of PL to be increased to 300 days ( after referring)

17 Sabbatical leave to be extended to male employees

18 Study leave to be introduced

19 Leave Bank to be introduced wherein employees can donate leave(including Sick leave) to the needy employees

20 Extraordinary leave is increased

Note : Now the question is whether is is applicable since 01-11-2012 or after 23-02-2015.

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