A.P.STATE EMPLOYEES GROUP INSURANCE SCHEME,1984.
A.P.STATE EMPLOYEES GROUP INSURANCE SCHEME,1984.
The Government of A.P have introduced A.P.S.E.G.I.Schemew.e.f.
01-11-1984 vide G.O.Ms.No.293 Fin.Plg. Dept. Dt. 08-10-1984. All
Gazetted, Non-Gazetted and Class-IV employees who are in service as on
1st Nov1984, and Who join service on or after 1st Nov-1984. Employees,
who enter service in the Month other than November, shall be enrolled as
member on the next anniversary.
RECOVERY OF SUBSCRIPTION Recovery shall be made from
the salary every month by the D.D.O, for duty, leave, or suspension.
Recovery shall be made including the month of retirement, death,
resignation, removal etc.,. No interest is levied on arrears of
subscription due to delay in payment of salary. Subscription with
interest will be recovered for E.O.L period in not more than three
instalments after resuming duty from leave. If on deputation, the
borrowing authority shall recover the subscription and remit to relevant
head of account. No loans or advances shall be paid to any member or
other beneficiary of the Scheme from or against his
accumulation.RECOVERY OF PREMIUM An employee entering service in a month
other than November shall be given the benefit of insurance cover
applicable to the group from the date of joining to the date of becoming
full member of the scheme. Insurance cover is Rs.3/- per month per unit
before 31-10-1994, and Insurance cover is Rs.4-50 per month per unit
from 1-11-1994.Head of office shall obtain Nomination from the employee
who becomes eligible for membership of the scheme within 2 months. The
Groups to which the Govt.Servant belongs shall be decided on the basis
of actual scale of pay which they are drawing from time to time.
ENTRIES IN SERVICE BOOK
The D.D.O. shall record in the S.R. of every employee the following particulars- Balance of F.B.F. as on 31-10-1984.
- Group to which enrolled
- Rate of Subscription
- Month of commencement
- Nomination made
- Certificate of recovery
ON DEATH WHILE IN SERVICE:
- Insurance Fund: Lumpsum payment of 15,000/ per one unit subscription
- Saving Fund: Total amount of Saving fund accumulation together with interest on parwith retired employees.
PAYMENT WHEN WHERE ABOUTS NOT KNOWN:
Savings Fund to be refunded after expiry of one year following the month of disappearance.Insurance fund to be refunded after expiry of 7 year following the month of disappearance.
The family must lodge complaint in the police station concern and obtain report stating that the employee has not been traced, after all efforts are made. An indemnity Bond should be obtained from the nominee /dependents of the employee stating that all payments shall be adjusted against the payment due to the employee in case he/she appears on the scene and makes any claim. Recovery of subscription.(a) Full subscription for one year at the rate applicable on the date of dis-appearance + interest, to berecovered from the refundable Savings Fund. (b) Premium for Insurance cover + interest for further period of 6 years be recovered from the refundable insurance fund. (G.O.Ms.No.111, F&P Dt. 22-4-88)
SANCTIONING AUTHORITY:
- In the event of Retirement/Death--- H.O.
- If H.O. is a non-Gazetted officer –- His immediate superior officer.
- For the head of office himself –- His immediatesuperior officer.
- For head of Dept.,-Secry. To Govt., Admin.
- For employees on deputation – Head of parent Dept.,
BASIS FOR SANCTION
- Annual certificates recorded in the S.R.
- Nominations recorded in the S.R.
- The sanction order should indicate :
- (a) Insurance Fund and Savings Fund separately.
- (b) Relevant bio-data of the employee.
- (c) In the case of death of employee, the names of Beneficiaries and the share of amounts payable to each.
Check list for Sanction Order:
- Name and Designation of the employee.
- Scale of Pay.
- Date of commencement of Insurance cover and the Group to which he/she is enrolled initially.
- Change to higher Group w.e.f.
- Date of retirement/resignation/death.
- Name of the nominee/legal-heirs in the event of Death of the employee.
- Calculation of savings fund and interest thereon as Order from time to time (A separate annexure copy of which should invariably be sent to Director of Insurance)
- Total Amount sanctioned under savings fund (Savings fund + Interest thereon)
- Total amount sanctioned under Insurance fund in the event of death of the employee.
- Head of Account for payment of savings fund/Insurance fund/Interest separately.
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