APGLI New Slab Rates Monthly Premiums 2024 Revised/new APGLI Deductions slab rates Pay Slabs

6.
a) All the employees shall have to increase their monthly premium as per the revised rates applicable to their basic pay as on date and forward the requisite proposal form to the concerned APGLI office through their DDOs only. b) Unless proposal forms are submitted to the extent of their monthly premium contribution and policies obtained, the employees will not get Insurance coverage for the enhanced premium paid.
c) The Drawing and Disbursing officers have to deduct first premium deduction as per slab rates only.
cl) A Policyholder can enhance his premium contribution only after successful completion of one year of service.

e) An employee who desires to get more insurance coverage can increase his/her further premium voluntarily up to 15% of his basic pay, including total premium of all his/her polices by supersession of the existing maximum limit of premium. i.e. 20% of basic pay as per G.O.Ms.No.26 Finance & Planning (FW.Admn-II) Dept., dated 22.02.1995 with as usual terms and conditions of submission of Good Health Certificate issued by Civil Assistant Surgeon or equivalent cadre Medical officer and a certificate containing particulars of medical leaves for last three years of enhancement in case of Employees who enhanced their premium more than 8% of their basic pay.

f) An employee who is already a subscriber of the fund having policy/ policies, and is aged below 57 years can enhance the premium for additional policies. However, he/she should submit his application in the prescribed proforma before he actually attains the age of 57years.

g) Under any circumstances proposal form shall not be accepted if the applicant has already attained the age of 57 years on the date of submission of his application, notwithstanding the fact that the amount was already deducted in the monthly pay bills. Such amounts shall be treated as unauthorized amounts and refunded to the individual following the usual procedure.

h) An employee who is already a subscriber of the Fund but is aged above (57) years cannot increase the Premium for additional policies. However, in respect of those employees, recovery of existing premium shall continue for the existing policies till the date of Last Premium due of such policy.

i) In respect of the Policyholders who are suffering from 1) Heart 2) Kidney 3) Lungs and 4) Cancer Ailments their subscription will be restricted to the Compulsory Monthly premium only and subject to the present health condition of proponent.

7. These orders shall come into force with effect from 01.11.2022 and the above revised premium rates shall be recovered from the pay of October,2022, payable on 01.11.2022.

8. The Drawing and Disbursing officers concerned are solely responsible for effecting the recovery of revised premiums from all the eligible employees i.e. who are below 57 years of age from the pay of October 2022, payable on 01.11.2022 duly forwarding the requisite proposals forms and obtaining the requisite policies from the APGLI department invariably. If the fixation is delayed for any reason, the premium shall be recovered only from the month of drawl of pay fixation arrears and in such case, no arrears of premium shall be collected.

9. To ensure proper implementation of the scheme the HODs / DDOs are requested to follow the above instructions scrupulously.

10. The Director of Treasuries and Accounts, Andhra Pradesh and the Director of works and Accounts, Andhra Pradesh shall issue suitable instructions to all the District Treasury Officers/ Treasury Officers / Pay and Accounts Officers under their control, to ensure that the above revised premium rates with reference to new pay slabs are implemented from the pay of October,2022 payable on 01.11.2022 and ensure percent coverage of eligible employees under Andhra Pradesh Government Life Insurance Scheme. The Districts Treasuries and Sub-Treasuries / Pay and Accounts Officers (works) , and the Pay and Accounts Officer, Andhra Pradesh should verify the collection of premium as per the slab rates before passing the salary bills.

11. The Director of Insurance , Andhra Pradesh, Shall ensure that policies are issued to all the subscribing employees expeditiously after the applications are received in his department duly following the normal procedure.
12. All the Departments of Secretariat / Head of Departments are requested to issue suitable instructions to their subordinate offices to ensure that all eligible employees are brought under the Andhra Pradesh Government Life Insurance Scheme.

**************************************

APGLI | New Slab Rates of APGLI in RPS2015 ,Maximum insurable age enhanced-GO.36

Government Of Andhra Pradesh
G.O.Ms.No.36, Finance (Admn.DI&IF) Department, Dated: 05-03-2016

Subject:
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.

References:
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.

Order:
1. 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. Consequent to enhancement of age of superannuation from (58)years to (60) years and introduction of the Revised Scales of Pay,2015, the Director of Insurance, in his letter 3rd cited, has sent proposals for enhancement of the maximum Insurable age from 53 years to 55 years and to revise the rates of compulsory premium based on the Revised Scales applicable to various categories of employees. The Government in the memo fourth read above, permitted the Director of Insurance to take necessary further action and submit detailed proposals after consulting the Actuary and the Accountant General, A&E, Andhra Pradesh.

5. Accordingly, the Director of Insurance has submitted necessary proposal in his letter ninth read above.

6. 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:

7)  (a)  All  the  employees  shall increase  their  premium  as  per the revised rates specified above and submit requisite ‘Proposal Form’, after recovery of first premium from the salary at the revised rates and take an Insurance Policy from the Insurance Department.
(b) Unless proposal form is submitted and policies are obtained, the employees will not get Insurance coverage for the enhanced premium paid.

(c) An employee who is already a subscriber of the Fund having Policy / Policies, and is aged below (55) years can enhance the premium for additional policies. However, he should submit his application  in  the  prescribed  proforma  before  he  actually attains the age of 55 years. Under any circumstances proposal shall not be accepted if the applicant has already attained the age of 55 years on the date of submission of his application, notwithstanding the  fact  that  the  amount  was  already  deducted  in  the monthly pay bills. Such amounts shall be treated as unauthorized amounts and refunded to the individual following the usual procedure.

d) An employee who is already a subscriber of the Fund but is aged above (55) years cannot increase the Premium for additional Policies. However, in respect of those employees, recovery shall continue at the existing rates of Premium for the existing policies till the original date of maturity of the said policies (Last Premium due).

e) The minimum term of Policy should be (5) years i.e., Maximum age at entry shall not be more than (55) years.

f) The ‘Sum Assured Table’ issued in the G.O. first read above be replaced by a new table Annexed to this order. The Director of Insurance, Andhra Pradesh shall take necessary action in this regard.

g)  The  Sum  Assured  table  Annexed  to  this  order  shall  be reviewed at least once in every (5) years. The Director of Insurance, Andhra Pradesh shall take timely action in this regard.

h) Necessary amendments to the Andhra Pradesh Government Life Insurance Fund Rules shall be issued separately.

8. These orders shall come into force with effect from 01.04.2016 and the above revised premium rates shall be recovered from the pay of March, 2016, payable on 01.04.2016.

9. The Drawing and Disbursing Officers concerned are solely responsible for effecting the recovery of revised premium from all the eligible employees (i.e. who are below 55 years of age) from the pay of March, 2016 payable in April 2016 duly forwarding the requisite proposal forms and obtaining the requisite policies from the Insurance Department intact. If the fixation is delayed for any reason, the premium shall be recovered only from the month of drawl of pay fixation arrears and in such case, no arrears of premium shall be collected.

10. To ensure proper implementation of the Scheme, the HODs / DDOs are requested to follow the above instructions scrupulously.

11. The Director of Treasuries and Accounts, A.P., Hyderabad and the Director of Works Accounts, Andhra Pradesh shall issue suitable instructions to all the District Treasury Officers/Treasury Officers/ Pay & Accounts Officers under their control, to ensure that the above revised   premium   rates   with   reference   to   new   pay   slabs   are implemented from the pay of March, 2016 payable on 1.4.2016 and ensure cent percent coverage of eligible employees under Andhra Pradesh Government Life Insurance Scheme. The District Treasuries and Sub-Treasuries / Pay & Accounts Officers (works), and the Pay and Accounts Officer, A.P., Hyderabad should verify the collection of premium as per the slab rates before passing the salary bills.

12.  The  Director of Insurance, Andhra  Pradesh, shall ensure that policies are issued to all the subscribing employees expeditiously after the applications are received in his department duly following the normal procedure.

13. All the Departments of Secretariat / Heads of Departments are requested to issue suitable instructions to their subordinate offices to ensure that all eligible employees are brought under the Andhra Pradesh Government Life Insurance Scheme.

G.O.Ms.No.36, Finance (Admn.DI&IF) Department, Dated: 05-03-2016