APGLI ప్రపోజల్ అప్లికేషన్ ఎవరైనా APGLI subscription పెంచినట్లైతే సదరు బాండ్ కోసం పెట్టే అప్లికేషన్

By teacherbook - Sunday 27 June 2021 - No Comments

APGLI ప్రపోజల్ అప్లికేషన్

APGLI ప్రపోజల్ అప్లికేషన్ ఎవరైనా APGLI subscription పెంచినట్లైతే సదరు బాండ్ కోసం పెట్టే అప్లికేషన్

The pay slabs and corresponding compulsory premium with reference to the PRC-2015

S.No	Pay Scale	Monthly Premium
1	Pay from 13,000 to 16,400	Rs. 500.00
2	Pay from 16,401 to 21,230	Rs. 650.00
3	Pay from 21,231 to 28,940	Rs. 850.00
4	Pay from 28,941 to 35,120	Rs. 1150.00
5	Pay from 35,121 to 49,870	Rs. 1400.00
6	Pay from 49,871 and above	Rs. 2000.00

Issue of Policies

After deduction of first Premium, the employee has to fill up and submit a proposal form duly signed and attested by his/her DDO/Head of office for obtaining APGLI policy. The proposal form to be filled with details of Name of the employee, Designation,Name of the Office, Empoyee ID No, Adhar No, Mobile No, Father’s Name, Date of Birth, Nominee details and policy number(in case of enhanced policy), basic pay, amount of premium increased, and month & year in which it is increased (G.O.Ms.No.124, Fin.(Admn.II) Dept., Dt.24.05.13)

Only premium payment without submission of proposal form will not give any risk coverage or monetary benefit to the subscriber and such payments will be treated as unauthorized amounts which will be refunded on application, without any interest or bonus.

- The APGLI policies do not lapse.(This means once policy is taken the policy holder has to continue premium until maturity and there is no provision to discontinue). APGLI Premium is exempted from income tax under Section 80C. In case of maturity of the policy, the total Sum Assured and Bonus till Date of Maturity are paid to the policy holder. If the Policy Holder ceases to be Government servant, and decides to surrender the policy by discontinuing the payment of Premium, the subscriber will be paid the Surrender Value and the eligible Bonus. In case of Death of policy holder before maturity of the policy, the full Sum Assured along with Bonus till date of death are paid to the legal heirs

Remittance of Premiums

The premium is recovered at source in the salary bills of the employees and the details are sent through schedules.
The employees whose salaries are not paid through Treasury/PAO and who have to pay the premium through Challan have to credit the premium to the below head of the account.
- Major Head 8011 – Insurance and Pension Funds.
- Minor Head 105 – State Government Insurance Fund.
- Sub Head 01 – Andhra Pradesh State Government Life Insurance Fund.
- (THE ONLINE CHALLAN TO BE MADE THROUGH CFMS PORTAL WHICH SHALL BE ACCESSED FROM ANYWHERE FROM INDIA)
The department service major head and also DDO code should be quoted in the Challan.

Government have amended the APGLI fund rule 36 vide G.O.Ms.No. 184, Finance (Admn-II) Department dated 30-6-2006

When an Insured is absent from duty on leave with allowances, the premium shall be realised when such leave allowances are drawn. If he obtains leave without allowances or be suspended from service, the premium, if not otherwise recovered, shall be a debt on his policy, carrying compound interest at 8.8 per cent per annum or interest rate earned by the fund for that period and shall be recovered as arrears from his future pay, if any, instalments not exceeding (5) instalments from his pay.

Where the premium is not recovered or paid for any reason, the arrears of premium shall be debt on his policy carrying compound interest at the rate earned by the fund balance from time to time. The arrears of premium with interest shall be collected while making the payment of assured sum on such Insurance Policy are shall be recovered as arrears from his future pay if any, in instalments not exceeding 5 instalments from his pay.

Provided that where the payment of policy amount is found to be less than the arrears of the premium with interest such a policy shall be treated as null and void and the premium paid shall be forfeited to the Fund

Loans from A.P.G.L.I (will be sanctioned by the District Insurance Officer)

Loan may be sanctioned up to 90% of the surrender value and shall be recovered in 12 EMI minimum and maximum 48. In case of house loans the max. EMI is allowed to 60. A Simple interest will be charged on the loans advanced at the rate of 1% over and above GPF interest rate After Principal only, interest will be recovered in one or more installments not exceeding (10) monthly installments as per the Deduction Orders (Govt. Circular Memo No.707/119/A2/ Admn.II/ 2013) Calculate the accruable amount of interest due, at the time of sanction of loan itself and total amount arrived thereon (Principal Loan + Interest) should be deducted in EMI from the subscriber. (G.O.Ms.No. 74 Finance (Admn.II) Dept., dt: 18.6.2015. No loan shall be granted for a sum less than Rs.1000/- vide G.O.Ms.No.160 Fin & Plg (FW Admn-II) Dept dated 15.05.1996.

Required Documents are:-

Loan form duly filled and attested by DDO (with details of Name of the employee, Designation,Name of the Office, Empoyee ID No, Adhar No, Mobile No, Father’s Name, Date of Birth, policy number, )
First page of Bank pass book Xerox copy

Claims (will be settled by the District Insurance Offices.)

I-In the case of retirement:-

Required Documents are:-

Refund form No-1 (with details of Name of the employee, Designation, Name of the Office, Employee ID No, Adhar No, Mobile No, Father’s Name, Date of Birth, policy number, )
Advanced stamped receipt
Original policy
Copy of retirement order duly attested by the gazette officer.
First page of Bank pass book Xero copy
Adhar Card Xerox copy,

II-in case death:-

Refund form no.2, duly filled in and attested by the H.O.O. (with details of Name of the employee, Nominee details , Designation, Name of the Office, Empoyee ID No, Adhar No, Mobile No, Father’s Name, Date of Birth, policy number, )
Advanced stamped Receipt
Original policy
Legal heir certificate issued by the M.R.O. concerned.
First page of Bank pass book Xerox copy of nominee
Adhar Card Xerox copy of nominee
Death Certificate of the deceased policy holder

If the beneficiary is a minor the insurance amount shall be made to the guardian as declared by the civil court

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