What is employee group insurance scheme?

What is employee group insurance scheme?

Group insurance is a type of insurance plan that covers a number of people in the same contract. Such a plan provides the same level of insurance coverage to all members of a group irrespective of their age, gender, occupation or socio-economic status.

What are the benefits of Apgli?

APGLI premium is exempted from income tax under Section 80C. There are very attractive bonus rates. Loan can be availed upto 90% of surrender value of APGLI bond policy. State Government employees can contribute maximum premium upto 20% of the basic pay, irrespective of slab rates.

How do I increase my Apgli premium?

All the AP employees shall increase their premium as per the revised rates specified above and submit requisite ‘Proposal Form’, After recovery of first APGLI premium from the salary at the revised rates and take an Insurance Policy from the Insurance Department.

How do I apply for WC insurance?

Required Documents for Workmen Compensation Policy

1. For all types of claims: Duly filled and signed claim form. Medical bills.
2. For permanent disablement claims: Medical certificate related to disablement.
3. For temporary disablement: Medical bills.
4. In case of fatal claims: Death certificate.

How do I claim a group insurance scheme?

Group Life Insurance Claim Process Submit the necessary documents like original death certificate, insurance copy, etc. to the insurance company. Once these documents are submitted, insurance company would assess the details and accordingly settle the claim, if approved.

Who are eligible for Apgli?

All the state government employees who are drawing salaries from 010 head of account of the Government of Andhra Pradesh are mandatorily bound to get insured with APGLI scheme. The minimum compulsory subscription is fixed around 4% of the basic pay however slab rates are introduced w.e.f. 1994 onwards.

How is Apgli calculated?

Example for APGLI/TSGLI Maturity Value Calculation: 150000 and Bonus earned is Rs. 120000. Hence Maturity /Retirement Value = 150000 + 120000 = Rs. 270000.

How do I fill out an Apgli proposal form?

How to Fill the APGLI Proposal Form

1. First Page contains Personal Details…
2. Second Page contains Your Health Details, Subscription Details and Your Office Head Details.
3. Fill all the Details which you know.
4. After Filling All the Details submit the Form to Your MEO/HM Office.

How do I get Apgli annual slip?

Download APGLI Annual Account Slips:

1. Logon on to the APGLI Official web portal.
2. In this web portal, Please enter your correct Policy number in the box.
3. On this APGLI Annual Account Slips downloading web page, Select the financial year.
4. Please Enter the number Generated in the Image.
5. Now, Click the “View Report” button.

What are the eligibility conditions for group insurance?

Here are some of those features: Term insurance eligibility age: The minimum entry age is 18 years and the maximum ranges between 65-69 years. Coverage: Many group term plans cover the basic salary, and any other compensation in the form of bonus, or reimbursement reported as income is excluded.

Who can avail group insurance?

Eligibility Criteria for Group Insurance Scheme All the members should be active/ full-time member of the group. Minimum entry age for the members should be 18 years. Maximum entry age may vary as per the group insurance scheme. Some group insurance plans allow members with a maximum of 60 years to enrol in a group …

What is the full form of GIS in salary?

(vii) “State Group Insurance Scheme” means an insurance scheme, by whatever name it may be called, introduced by a State Government in the case of State Government Servants. 3. Application of Central Government Employees Group Insurance Scheme, 1980.-

How do I find my Apgli maturity amount?

How do I download Tsgli bond?

How to Download TSGLI Policy Bond?

1. Then, TSGLI ( Telangana State Government Life Insurance) Department official website will open.
2. In this website search for TSGLI Policy Bond Link and click on it.
3. Then, TSGLI Policy Bond downloading web page will open.

How do I apply for Apgli bond online?

Please Enter the Number Generated in the Image

1. Please Enter correct Policy Number.
2. Select the Suffix ( Ex. A,B,C,D,E,F)
3. Click on “Get Policy Bond ” Button (Do not press Enter button)
4. Time taken to download is based on the speed of your connectivity.

How do I find my Apgli number?

Please Enter the Number Generated in the Image

1. Enter part of Name. For example Chandra for Chandrasekhar.
2. Enter part of Father’s Name.
3. Enter the Date of Birth.
4. Click the button “Retrieve Policyno”