Date: 5th November, 2021

FINAL UPDATE ON RENEWAL OF GMC 2020 - 21

All may note that we are continuing with The Oriental Insurance Company Limited, our current insurance company.

POSITIVES

1) The premium is less by INR six thousand than what was paid last year.

Premium for 2020 - 21

Life member - INR 35,500/-

non Life Member - INR 36,500/-

2) The co- pay percentage is reduced/ decreased to 15% for parents/ in laws and 10% for self and others from current 20% and 10% respectively.

We look forward to ex-students to join and avail the benefits of Group Medical Cover/ Policy specifically designed for ex-students of GMS and their family. For more details on current policy, do please visit gmsalumni.com on the GMC page.

Do please forward to other WhatsApp group of ex-students that you may be part of.

Thanks and Regards

Deepak Kumar Saraf
Secretary
GMS Alumni

Dear Friends,

Good Day!

Finally after a lot of effort the GMC (Group Medical Cover) is renewed and will be in force from midnight tonight after the current GMC expires. The finalized premium for the policy is as follows.

Premium Member (including admin cost) 42,500/-

Premium Life Member (including admin cost) 41,500/-

For new applicants who intend to renew, please revert at the earliest by filling the the two declarations, medical and ex-students. Do please download from the website www.gmsalumni.com and email the filled form to gms.alumni.insurance@gmail.com for approval. Only if you get the email asking you to make the payment, then only make the payment.

Existing GMC members are requested to make the balance payment immediately. The final due amount email has already been sent from the Admin Office of GMS Alumni to all.

Thanks & regards,
For GMS Alumni (Regd.),
Deepak Kumar Saraf
Secretary

Registered Office: C/o Sandip Agarwal | 2nd Floor | D-173 | Saket | New Delhi - 110017

Email: gmsalumniregd@gmail.com | Website: www.gmsalumni.com | Admin office email: gms.alumni.insurance@gmail.com

Any ex-student interested in applying/ enrolling in the Group Medical Cover, need to fill two forms (in pdf format after this message) and email the scanned copies to gms.alumni.insurance@gmail.com

One is ex-students Declaration & the other is Medical Declaration On receipt and scrutiny of the forms, if eligible, an email will be sent to the applicant with the part premium to be deposited.

All would be requested to please forward the GMC related email to other ex-students that they may be in contact with.

Deepak Kumar Saraf
Secretary
GMS Alumni (Regd)

All may note that the Group Medical Cover for ex-students was a resultant/ follow up action post lending a helping hand to Shri Ashok Roy, 1993 batch for Stella, young girl of then 11 months. It was the first case to our mind where many ex-students - in individual capacity/ groups/ chapters spread across the globe, lend a helping hand in terms of financial aid, advice, prayers etc. Today Stella is in good health, partly by joint effort of ex-students also

Shri K. K. Singh, 1972 batch, ex- President of GMS Alumni (Regd) then came out with the idea of having a Group Medical Cover for ex-students so that contingency of these kind of medical events could be taken care off.

Many ex-student's family have benefited in the last three years. Many of the parents/ in laws today are covered by medical insurance who were denied medical insurance cover under the normal family policy due to age as well as medical history of pre existing diseases.

It has been an incredible experience for all in Governing Body in ensuring the continuity of GMC for the last three years. We do look to the fourth year continuity of GMC.

Deepak Kumar Saraf
Secretary
GMS Alumni (Regd)

Hi All,

Deepak Saraf / 1990 , surely deserves a big hand for all his inputs over the years and having worked tirelessly for our benefit selflessly, to keep this policy afloat. This just would not have been possibly without him. It is also commendable that we have been able to keep this policy ongoing for the last 3+years. I guess discipline in running such a policy has contributed to its survival. Also, on multiple checks with the variety of such options available, we find that our coverage to premium cost is extremely competitive.

In reflection, this thought crossed my mind when I lost my Mother in 2016 running huge hospital bills uninsured. The next challenge was convincing the Insurer' that a registered society like ours, was akin to a corporate body and why couldn't we be extended such a policy? With a little persuasion we were successful in our objective and that is how we were able to roll out. I personally have substantial coverage of Medical Insurance but I still think it is prudent to have indulged in this additional opportunity of coverage. Considering the rise in medical costs year on year and our not willing to compromise on the quality of treatment if at all required, there cannot be a better opportunity.

I will strongly suggest to seriously consider on-boarding such an opportunity and be assured of adequate coverage for you and members of your family. You may also wish to recommend this opportunity to your extended family, friends and associates. As they say........no one know whats around the bend, better to be safe than sorry.

Cheers !!

Krishan K Singh
# +91- 9810086886