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H/ 2077: A9 ^' N: 313 77.t.2017.
HoI HEALr

D e a rS i r / M a d a m ,

Re:Withdrawalof underwritingAuthority of Regionalofficesin respectof GMcs'

UnderwritingAuthorityinrespectof.F|exiGroupMedic|aimpo|iciesuptoRs.50lakhsofpremiumwas
given to some of the Regional offices vide circular' bearing number

HO:HEALTH:2016:ClR.NO.11lMarketing(lBD:AD da e d) 2
MtN : 304' O
1 '9 ' 2 0 1 6

lthasnowbeendecidedbythecorporateofficethatthisarrangementwi||bediscontinuedandthe
1'2oI7'
followingnew guidelinesshallcome into force from today i e t7

lacsof premium'
1. Regionalofficescan only underwritetheir own renewalsup to Rs'50
more than Rs.50lacs,the
2. However,even under their own renewal,if the annualizedoutgo is
sameshouldbe referredto Headoffice
lacs' the Regionaloffice can
3. Only in cases,where the annualizedoutSo is less than Rs50
underwrite.
premium should be referredto
4. All fresh proposalsof Group Mediclaimpoljciesirrespectiveof
Headoffice.
5. Premium brokerage
includes also.
6. Themaximum brokeragethatcanbe allowedby Regional officesis up lo 7.5%for renewalsas
givenunderpoint1& 2'
quoteto anYbroker.
7. ln caseof renewalsof any particularoffice,no otherofficeshallrelease
Evenif the brokerapproaches, the officeshoulddirectthe brokerto the incumbentofficeto
sourcethequote.

all previous
Thiscircularsupersedes issuedin this regard and shall come into force with
circulars
immediateeffect.