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The initial preparation for the renewal of group health insurance policy for retirees for the year 2023-2024 has started in the IBA Committee of General Managers. The continuous increase in premium rates over the past eight years is a concern, making the policy unaffordable for many retirees. High premium rates are forcing some retirees to opt out of the scheme, despite the importance of health insurance for them. EIBRF, the largest organization of bank retirees, views health insurance for retirees as a crucial issue.