AP GO 36 APGLI New Rates 2016 APGLI Slab Rates PRC 2015

AP GO 36 APGLI New Rates 2016 APGLI Slab Rates PRC 2015

AP GO 36 APGLI New Rates 2016 APGLI Slab Rates PRC 2015: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:-

APGLI Premium Amount APGLI New Slab Rates RPS 2015


Existing Slab Rates
(Pay Slabs)

Monthly
Premium
(Rs.)

Revised Slab Rates
(Pay Slabs)

Monthly
Premium
(Rs.)

Pay from Rs. 6700 to
Rs. 8440


250/-

Pay from Rs. 13000 to
Rs. 16400


500/-

Pay from Rs. 8441 to
Rs. 10900


350/-

Pay from Rs. 16401 to
Rs. 21230


650/-

Pay from Rs. 10901 to
Rs. 14860


450/-

Pay from Rs. 21231 to
Rs. 28940


850/-

Pay from Rs. 14861 to
Rs. 18030


600/-

Pay from Rs. 28941 to
Rs. 35120


1150/-

Pay from Rs. 18031 to
Rs. 25600


750/-

Pay from Rs. 35121 to
Rs. 49870


1400/-

Pay from Rs. 25601 and above


1000/-

Pay from Rs. 49871 and above


2000/-
APGLI Premium Amount APGLI New Slab Rates RPS 2015
AP Go 36APGLI Premium Amount

  1. (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.
  2. (b) Unless proposal form is submitted and policies are obtained, the employees will not get Insurance coverage for the enhanced premium paid.
  3. (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.
  4. 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).
  5. e) The minimum term of Policy should be (5) years i.e., Maximum age at entry shall not be more than (55) years.
  6. 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.
  7. 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.
  8. h) Necessary amendments to the Andhra Pradesh Government Life Insurance Fund Rules shall be issued separately.
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.

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

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AP GO 36 APGLI New Rates 2016 APGLI Slab Rates PRC 2015 AP GO 36 APGLI New Rates 2016 APGLI Slab Rates PRC 2015 Reviewed by Tteachers on Thursday, March 10, 2016 Rating: 5

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