APGLI
APGLI
APGLI
Government Life
Insurance Scheme
Aim of Scheme:-
• The Policies are exempted from attachment of the court of law as well as
Govt. dues, except the arrears of premium or loan etc.,
INTRODUCTION:
A.P.G.L.I. Rules
• Rules1–51
• Tables
• Forms
• Executive Instructions
• Eligibility:
(G.O.Ms.No.16,Fin.(Admn.II),Dt.17.02.11)
Rateofsubscription
(G.O.Ms.No.368F&P(FW.Accts-II)Dept,dt;15-11-1994)
Basic Pay
16401/-to21230/- 650/-
28941/-to35120/- 1150/-
35121/-to49870/- 1400/-
The contribution to this fund is allowed to the extent of20% of the basic pay.
• From and after 04-08-1964 there is only one kind of policy namely
Endowment Insurance is in operation, which matures on the age of 58
years. (Rule-6)
• But, due to decrease of age of superannuation from 58 to 55 years from
1-3-1983 to 22-8-1984,the policy matured at the age of 55 years only
(Go.Ms.No.254F&PDt:27-09-1988)
• Any subscriber aggrieved with the Director, he may appeal to the Finance
Dept. and their decision is final.(Rule-10)
How to apply:
• After deduction of first Premium, the employee has to fill up and submit
a proposal form duly signed and attested by his/her DDO/Head of office for
obtaining APGLI policy.
• Only premium payment without submission of proposal form will not give
any risk coverage or monetary benefit to the subscriber and such payments will
be treated as unauthorized amounts which will be refunded on application
without any interest or bonus.
• The DDO has to submit the following details after recovery of the
enhanced premium within the compulsory slab of employees:
Designation:
Father’s name:
Date of Birth:
Policy number:
Basic pay:
(G.O.Ms.No.124,Fin.(Admn.II) Dept.,Dt.24.05.13
• In case of maturity of the policy, the total Sum Assured and Bonus till
Date of Maturity are paid to the policy holder.
Remittance of Premiums:
Through Challan have to credit the premium to the below head of the account.
Insurance Fund.
• 3.The department service major head and also DDO code should be
quoted in the Challan.
Endowment Assurance Maturing
At the age of 58 yrs.(with Profits)
(G.O.Ms.No.16,Fin(Admn.II),Dt.17.02.11)
• Age next Birthday Sum• Age next Birthday Sum
At Entry in Years Assured21 At Entry in YearsAssured21
21453.60 37 222.10
22437.20 38 209.90
23421.20 39 197.90
24405.20 40 186.30
41 174.80
25389.50
42 163.60
26374.10
43 152.60
27359.00 44 141.80
28344.10 45 131.10
29329.50 46 120.60
30315.10 47 110.30
48 100.00
31301.00
49 90.20
32287.20
50 80.60
33273.60 51 71.40
34260.30 52 62.50
35247.30 53 54.10
36234.50
At Entry in Years Assured
Bonus and Terminal Bonus
(per1000 sum assured per annum)
Period Bonus Terminal Bonus will be announced by the Govt.
1951-54 10/- - For every 3 years i.e.,triennium-(Rule-8)
1954-57 10/- -
1957-60 16/- - Interest will be announced annually to
1960-63 16/- - the fund by the Govt. from time to time
1963-66 17/- -
1966-69 18/- -
1969-72 20
1972-75 24/- -
1975-78 28/- -
1978-81 40/- 3/-
1981-84 56/- 4/-
1984-87 60/- 4/-
1987-90 80/- 4/-
1990-93 100/- 5/-
1993-96 100/- 5/-
1996-99 100/- (G.O.Ms.No.162,Fin(Admn.II),Dt.23.06.06)
1999-02 100/- - (G.O.Ms.No.328,Fin(Admn.II),Dt.29.10.10)
2002-05 110/- - (G.O.Ms.No.132,Fin(Admn.II),Dt.25.06.11)
2005-08 100/- - (G.O.Ms.No.290,Fin(Admn.II),Dt.19.10.13)
2008-11 100/- - (G.O.Ms.No.76,Fin(Admn.II),Dt.04.04.14)
• In the case of death while in service the amount of policy and the bonus
due thereon till the date of death is payable to the nominee of the subscriber.
• If any amount is due from the deceased towards premium or loan with
interest, will be deducted from the policy amount payable.
• 3)Original policy
• 5)Death Certificate.
• 3) Original policy
• Recovery in 12 EMI minimum and maximum 48.In case of house loans the
max. EMI is allowed to 60.(R-46)
• The rate of interest is one percent over and abovethe rate allowed by the
Govt.(R-48)
Audit of Accounts&Exemptions
1) Every year the A.G. will audit the accounts and submit a report to the
Govt. of the progress of the fund position of the previous year.(Rule-12)