GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
Insurance – APGLI FUND RULES – CEILING LIMIT ON THE MAXIMUM PREMIUM PAYABLE TO APGLI FUND – ORDERS – ISSUED.
*****
Read the Following:
1.G.O.Ms.No.420, Finance (Pan.II) Department dated 22-11-1971.
2.G.O.Ms.No.198, Fin. & Plg. (F.admn.III)Dept., dated 12-7-1991.
3.Government Memo.No.16156-B/23/Admn.III/88, dated 23-05-1992.
ORDER:-
In the G.0. second read above, government have constituted a Committed to review the working of the A.P. Government Life Insurance Scheme and make suitable recommendations thereto.
As per the Government orders first read above, person who desires to pay more than the compulsory premium is allowed to contribute upto 12% of his pay or of the maximum of the scale attached to the post substantively held by him on voluntary basis.
The Director of Insurance has stated that the employees Unions have represented to increase the maximum premium payable to the A.P.G.L.I. Fund from 12% to 20% in order to enhance the saving abilities of the employees and also to provide higher amount of Insurance cover to the deceased employees whole while in service.
Further, the calculation of maximum Premium on the basis of maximum scale of substantive post found in consistent at the present circumstances, as the employee are not showing their substantive posts in the Proposal forms. As such, the Director of Insurance has proposed for removal of such wording from the Fund Rules. He has also stated that the Class-IV employees are not given the benefit of payment of maximum premium under the existing Rules and therefore proposed to increase the maximum Premium from 12% to 20% of the pay of the employee irrespective of cadre extending the benefit to Class IV employous..
The Committee gone into the details of the proposal of Director of Insurance and recommended to accept the proposal submitted by him.
Government have accepted the recommendation of the Committee and hereby order that a person weather superior grade employee or Class-IV employee who desires to pay more may be allowed to contribute upto 20% of his pay subject to medical examination at the discretion of the Director of Insurance.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)