Join My whatsapp GroupGO 51: GIS Revised Rate of Interest Tables from 01-01-2018 to 31-03- 2018
GO 51: GIS Revised Rate of Interest Tables from 01-01-2018 to 31-03- 2018
In the reference 1st read above,
orders were issued introducing Group Insurance Scheme( GIS ) to the State
Government Employees in place of Family Benefit Scheme with effect from 01-11-
1984 .according to Para 9 of the reference 1 st read above, the accumulations
of savings fund part and insurance fund part shall carry interest for the rated
prescribed by Government from time to time.
In the reference 2nd read
above, orders were issued for apportioning the subscription the each unit of Rs
10/- between Insurance fund and Savings fund in the ratio of Rs 3.125 paisa and
Rs 6.875 paisa respectively.
In The reference 3rd above orders were issued
for revision of rate of subscription each unit from Rs.10/- to Rs.15/- with
effect from 01-11-1994. The apportionment of the subscription of each unit
Rs.15/- between Insurance Fund and Savings Fund was fixed in the ratio of
Rs.4.50/- and Rs.10.50/- respectively with effect from 01-11-194. The amount of
Insurance coverage will be Rs.15, 000/- for each unit of subscription. File
No.1690/138/A1/Admn.DI&IF/2016
The Sanctioning Authorities /
Drawing and Disbursement Officer / Treasury Officers / District Audit Officers
/ Pay and Accounts Officers / Director of Works Accounts are requested to keep
in view of the appended Table while sanctioning and making the final payments
under Group Insurance Scheme for proper implementation of the Scheme. Further,
the following instructions shall also be scrupulously followed:
Click below link to download Complete G.O
Share This:
No Comment to " GO 51: GIS Revised Rate of Interest Tables from 01-01-2018 to 31-03- 2018 "