AP: G.O.MS.No. 51 , DT 24.04.2018 GIS Revised Rate of Interest on Accumulated Savings Fund Communication of Tables

AP:  G.O.MS.No. 51 , DT 24.04.2018 GIS Revised Rate of Interest on Accumulated Savings Fund Communication of Tables

ORDER:

                In the reference 1st read above, orders were issued introducing Group Insurance Scheme 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.

⏩ 2. 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.

⏩ 3. 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

Download