The bank has recently modified the Medical Assistance Fund (MAF) Scheme for retirees. These changes are aimed at providing better support and clarity for the dependents of MAF members, particularly those with permanent disabilities. Here are the key points from MAFS – Review of Para 3, 13.1 (d) . Bank has also updated Master Circular on Medical Assistance Fund Scheme (MAFS) on 21st October 2024 with modified Annex-II. View all on Master Circulars Page.
Updated MAF Scheme
- Eligibility for Benefits: Dependent children of MAF members with a permanent disability, as defined under the Rights of Persons with Disabilities Act 2016, are eligible for benefits if the disability prevents them from being gainfully employed.
- Certification Requirements: The disability must be certified by a competent authority, with a minimum degree of 40% disability required for eligibility.
- Coverage Conditions: Disabled children are covered under the scheme regardless of when the disability manifested. However, they become ineligible if they start earning a livelihood or, in the case of daughters, if they get married or remarried.
- Reimbursement and Facilities: Eligible dependent children can receive reimbursement for hospitalization and dispensary facilities as per existing rules.
These amendments aim to ensure that the Medical Assistance Fund Scheme provides adequate support to those who need it most. Retirees and their families are encouraged to review these changes and ensure compliance with the new requirements.
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