Saturday, 5 March 2016

GO.MS:36 Dt:05/03/2016 APGLI Enhancement of Age of superannuation from 58 to 60 years

     GOVERNMENT OF ANDHRA PRADESH
                       A B S T R A C T

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.

      FINANCE (ADMN.DI&IF) DEPARTMENT         G.O.Ms.No.36     Dated: 05-03-2016

 Read the following:-
 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.

                                <<<O>>>

 O R D E R:

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.


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  55years.  Under  any  circumstances  proposal shall not  be  accepted  if  theapplicant  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.

14.  Copy  of  this  order  is  available  on  Internet  and  can  be  accessed  at address  http://www.ap.gov.in.goir .

 (BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH) 

                       DR.  P.V.RAMESH 
PRINCIPAL SECRETARY TO GOVERNMENT

To

* The  Accountant  General,  A.P.,  Hyderabad.
*The  Pay  &  Accounts  Officer,  Hyderabad. *The  Director  of  Treasuries  &  Accounts.   *The  Director  of  State  Audit.
*The  Director  of  Works  &  Projects.
*The  Secretary  to  Governor,  A.P.,  Hyderabad.
*The  Private  Secretary  to  the  Chief  Minister
*The  Private  Secretaries  to  all  Ministers. *All  the  Heads  of  Departments (Including  Collectors  and  District  Judges)
*  All  the  Departments  of  Secretariat. The  Registrar,  High  Court  of  A.P.,  Hyderabad.   *The  Registrar,  A.P.A.T.,  Hyderabad. The  Secretary,  A.P.  P.S.C.,  Hyderabad.
*The  General  Manager,  A.P.S.R.T.C.,  Hyderabad.
*The  Chairman,  Tribunal  for  Disciplinary  Proceedings,  A.P., Hyderabad.
*The  Chairman,  A.P.,  Housing  Board,  Hyderabad. The  Secretary,  A.P.G.E.N.C.O./T.R.A.N.S.C.O.
* All  the  District  Treasury  Officers.
*All  the  District  Development  Officers,   ZillaParishads.
* All  District  Panchayat  Officers.
*All  Mandal  Development  Officers. All  Secretaries  of  ZillGrandhalayaSamsthas  through   Director  of  Public  Libraries,  Hyderabad.
*All  Secretaries  of  Agricultural  Market  Committees  through the  Director  of  Marketing,  Hyderabad.
* All  the  Commissioners/Special  Officers  of Municipalities.
*All  the  Registrars  of  Universities. All  the  Director  of  Accounts.
*All the Recognized Service Associations.

            // FORWARDED:: BY ORDER // 


                                         SECTION OFFICER 


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