Join My whatsapp GroupG.O.Ms.No.36,Dt.05.03.2016 - APGLI-Enhancement of Maximum Insurable Age from (53) years to (55) years & Revised Slab Rates
GOVERNMENT OF
ANDHRA PRADESH
A B S
T R A C T
Public Services – Andhra Pradesh Government Life Insurance Scheme
– Endowment Policies – Enhancement of Age of superannuation from
58 to 60 years and introduction of AP Revised Scales of Pay 2015 - Enhancement of Maximum Insurable Age under AP
Government
Life
Insurance Scheme from (53) years to (55) years and Revision of Rates of Compulsory Premium with reference to Revised Pay Scales, 2015 – Orders – Issued.
58 to 60 years and introduction of AP Revised Scales of Pay 2015 - Enhancement of Maximum Insurable Age under AP
Government
Life
Insurance Scheme from (53) years to (55) years and Revision of Rates of Compulsory Premium with reference to Revised Pay Scales, 2015 – Orders – Issued.
FINANCE (ADMN.DI&IF) DEPARTMENT
G.O.Ms.No.36 Dated: 05-03-2016
Read the following:-
1.
G.O.Ms.No. 16, Finance (Admn.II)
Department, dt: 17.2.2011.
2.
G.O.Ms. No.147, Finance (HRM IV) Department,
dt: 30.6.2014.
3. Lr.No.10/Genl/2014dt:11.08.14, of Director of Insurance,
A.P.,
Hyderabad.
4. Govt. Memo.No.738/90/A1/Admin-II/2014,
dt: 26.12.2014.
5. G.O.Ms.No.368, Fin&Plg (FW:Admn.II)Department,
dt:
15.11.1994.
6. G.O.Ms. No.423, Finance (Admn.II) Department,
dt: 29.11.2005.
7. G.O.Ms.No.231,Finance (Admn.II)Department,
dt: 28.6.2010
8.
G.O.Ms.No.46, Finance
(HRM.V-PC) Department, dt:30-04-
2015.
9. Lr.No.26/Genl/2015 dt: 06.08.2015 of Director of Insurance,
AP, Hyderabad.
***
O R D E R:
Under
the
existing rules, the Andhra Pradesh Government
Life
Insurance Department issues the Endowment Insurance Policies to the Government employees based on the maximum insurable age of
53 years and these policies will mature at the age of
58 years. In the
Government orders fifth to
seventh read
above,
the
compulsory
premium under the policy has been revised as and when the Revised Pay
Scales were implemented to the State Government Employees based on the
recommendations
of
the successive pay revision
commissions and the existing rates are prescribed in the G.O. seventh read above.
2. In the reference 2nd cited, the Government enhanced the age of superannuation of
the
State Government employees from (58) years to
(60) years.
3 In the G.O. eighth read above, the Government has issued orders
introducing the
Revised Scales
of Pay 2015.
4. After careful examination of the proposal of the Director of Insurance, Government hereby order that
the
maximum Insurable age
under
the
Andhra Pradesh
Government
Life Insurance Scheme
be raised from 53 years to 55 years
and the rates of
compulsory premium
under the scheme shall be revised
as
detailed below and accordingly
issue the following instructions:-
Click below link to Download Complete G.O
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