Monday, April 27, 2015

GO.49 Dt.27-4-2015 TSGLI Revised Premiums



Public Services – Telangana Government Life Insurance Scheme – Revision of Pay Scales with reference to Revised Pay Scales, 2015 for deduction of Telangana Government Life Insurance Compulsory Premium – Orders – Issued.


G.O.MS.No. 49. Dated: 27.04.2015. Read the following:
  1. G.O.Ms.No.368, Finance & Planning (FW.Admn.II) Dept.,dated.15.11.1994.
  2. G.O.Ms.No.231, Finance (Admn.II) Department Dt.28.06.2010.
  3. G.O.Ms.No.25, Finance (HRM.IV) Department, Dt.18.03.2015.
  4. Lr.No.10/Genl/PRC/2014-15, Dt.26.03.2015, of Director of Insurance, Government of Telangana, Hyderabad.
  5. ORDER:

  6. After careful consideration of the proposal of the Director of Insurance, Government hereby revise the Pay Slabs along with corresponding monthly premium with reference to the Revised Pay Scales, 2015 towards Telangana Government Life Insurance Scheme for implementation are specified below :
  7. Existing Slab Rates Revised Slab Rates
    PRC 2010 Pay Slabs Monthly Premium Rs. PRC 2015 Pay Slabs Monthly Premium Rs.
    Pay from Rs.6700 to Rs.8440 250-00 Pay from Rs.13000 to Rs.16400 500.00
    Pay from Rs.8441 to Rs.10900 350-00 Pay from Rs.16401 to Rs.21230 650.00
    Pay from Rs.10901 to Rs.14860 450-00 Pay from Rs.21231 to Rs.28940 850.00
    Pay from Rs.14861 to Rs.18030 600-00 Pay from Rs.28941 to Rs.35120 1150.00
    Pay from Rs.18031 to Rs.25600 750-00 Pay from Rs.35121 to Rs.48600 1400.00
    Pay from Rs.25601 and above 1000-00 Pay from Rs.48601 and above 2000.00
  8. The above revised premium rates shall be effected from the pay of June, 2015 payable on 01.07.2015.
  9. All the employees must increase their premiums according to the revised rates specified above and also submit requisite proposal form after recovery of first revised premium from the salary and take Insurance Policy according to the revised premium from the Insurance Department.
  10. Whenever the premium is enhanced,proposal form has to be submitted and additional policies have to be obtained.
  11. Unless proposal form is submitted and policies obtained, the employees will not get Insurance coverage for the premium paid.
  12. 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 above 20 below 53 years of age) from the pay of June, 2015 duly forwarding the requisite proposal forms and obtaining the requisite policies from the Insurance Department.
  13. If the fixation is delayed for any reason, the premium shall be revised from the month of drawal of pay fixation arrears. In such case no arrears of premium shall be collected.
  14. The Director of Treasuries and Accounts, Telangana, Hyderabad is requested to issue suitable instructions to all the District Treasury Officers / Treasury Officers that the above revised premium rates with reference to new pay slabs are ensure cent percent coverage of eligible employees under Telangana Government Life Insurance Scheme by 30th June, 2015. The District Treasuries and Sub-Treasuries / Pay Accounts Officers should verify the collection of premium as per the slab rates before passing the salary bills. The Director of Insurance shall ensure that policies are issued to all the subscribing employees immediately.
  15. All the Departments of Secretariat/Head of Departments are requested to issue suitable instructions to all their subordinates to ensure that all eligible employees are brought under the Telangana Government Life Insurance Scheme before the end of June, 2015.

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