Telangana State Employees Group Insurance Scheme – 1984 – Tables from 01.04.2015 to 31.03.2016
GOVERNMENT OF TELANGANA
ABSTRACT
PUBLIC
SERVICES – Employees Welfare Scheme – Telangana State Employees Group
Insurance
Scheme – 1984 – Communication of Tables of Benefits for Savings Fund for the
Period
from 01.04.2015 to 31.03.2016 – Revised Tables – Orders – Issued.
FINANCE (ADMN.I) DEPARTMENT
G.O.MS.No. 112 Dated
:22.08.2015
Read the following :
1.
G.O.Ms.No.293, Finance&Planning (FW. Accts.II) Dept., dated : 08.10.1984.
2.
G.O.Ms.No.312, Finance&Planning(FW.Admn.II) Dept., dated : 06.11.1984.
3.
G.O.Ms.No.367, Finance&Planning(FW.Admn.II) Dept., dated : 15.11.1994.
4.
G.O.Ms.No.381, Finance&Planning(FW.Admn.II) Dept., dated : 05.12.1994.
5.
G.O.Ms.No.382, Finance&Planning(FW.Admn.II) Dept., dated : 05.12.1994.
6.
G. O. Ms. No. 54, Finance (Admn.II) Department, dated : 06.04.2011.
7.
G. O. Rt. No. 2425, Finance (Pen.II) Department, dated : 10.05.2012.
8.
G. O. Ms. No. 148, Finance (Admn.II) Department, dated : 06.06.2012.
9.
G. O. Rt. No. 2735, Finance (Pen.II) Department, dated : 16.06.2012.
10.
Government of India Office Memorandum No. 7(2)EV/2012 Ministry of
Finance
Department of Expenditure, dated : 15.01.2013.
11.
Dy. Accountant General (Funds) O/o the Principal Accountant General (A &
E),
A. P., Hyderabad FM/ GI.II/9-3/2013 – 14/109, dated : 25.04.2013.
12.
G. O. Rt. No. 2142, Finance (Pen.II) Department, dated : 30.04.2013.
13.
Director of Insurance, Letter No. 2/GIS-I/Tables/2013 – 2014,
dated:
17.04.2013 and 09.05.2013.
14.
G. O. Ms. No. 126, Finance (Admn.II) Department, dated : 29.05.2013.
15.
Director of Insurance, A.P.Hyderabad Letter No. 2/GIS-I/Tables/2014 –
2015,
dated : 01.04.2014
16.
G. O. Ms. No. 90, Finance (Admn.II) Department, dated :01.05.2014.
17.
Director of Insurance, Telangana, Hyderabad
Letter No. 2/GISI/
Tables/2015–2016,
dated:23-06-2015.
******
O R D E R :
In the reference 1st read above Orders were issued introducing
Group Insurance
Scheme
to the State Government Employees in place of Family Benefit Scheme with effect
from
01.11.1984. Accordingly to Para 9 of the above Order, the Accumulations of
Savings
Fund
Part and Insurance Fund Part shall carry Interest at the Rates prescribed by
Government
from time to time.
2.
In the reference 2nd read
above, Orders were issued for apportioning the
Subscription
of each unit of Rs. 10/- between Insurance Fund and Savings Fund in the Ratio
of
Rs. 3.125/-and Rs. 6.875/- respectively.
3.
In terms of the Recommendation of the Committee constituted to Review the
working
of the Employees Group Insurance Scheme in Government Orders 3rd read
above,
orders were issued for Revision of Rate of Subscription each unit from Rs. 10/-
to
Rs. 15/- with effect from 01.11.1994. In Modification of the Para 9 of the
Government
Orders 1st read
above, orders were issued in Government Orders 4th read
above,
for fixing the Interest on the Accumulations of the Savings Fund of the Member
of
the Scheme for the State as a whole and shall be
paid at the Rate of 12 % per Annum
compounded
Quarterly with effect from 01.11.1994. Further, in the Government Orders 5th
read
above, the Apportionment of the Subscription of each unit Rs. 15/- between
Insurance
Fund
and Savings Fund was fixed in the Ratio of 4.50/- and Rs. 10.50/- respectively
with
effect
from 01.11.1994. The Amount of Insurance coverage will be Rs. 15,000/- for each
unit
of Subscription.
4.
The Rate of Interest on Accumulations of Savings Fund of the Member of the
Scheme
and the Interest on the Insurance Fund from time to time is as follows :
Financial Year Rate of Interest Government Order
5.
In the reference 14th read
above, Government has issued Orders for reducing the
Rate
of Interest from 8.8 % to 8.7 % per Annum with effect from 01.04.2014 on the
Provident
Funds and other similar Funds i.e., Government Life Insurance Funds maintained
by
the Government of Andhra Pradesh on par with Rates of Government of India until
further
Orders.
6.
In the reference 16th read
above, Government has issued Orders revising the rates of
interest
on the Group Insurance Savings Fund at 8.7 % per Annum from 01.04.2014
onwards
and the Tables were revised and issued for the period covering from 01-04-2014
to
31-03-2015.
7.
In view of the above circumstances and after careful examination of the matter,
Government
hereby order that in Supersession of the Orders issued in the reference 16th
read
above, the Revised Rates of Interest on the Telangana Group Insurance Savings
Funds
shall
be allowed at 8.7 % per Annum from 01.04.2015 onwards and the Tables are
revised
and
issued for the Period covering from 01.04.2015 to 31.03.2016. The Revised
Tables of
Benefits
I, II and III, III (A) to III (U) on Savings Fund of Telangana State Employees
Group
Insurance Scheme – 1984 on Cessation of Membership during the Period from
01.04.2015 to 31.03.2016 are appended herewith for making Payments under the Scheme.
8.
These Orders and Tables shall come in force with
effect from 01.04.2015.
9.
The Sanctioning Authorities / Drawing and Disbursement Officers / Treasury
Officers
/ District Audit Officers / Pay and Accounts Officers / Director of Works
Accounts
are
requested to keep in view of the appended Table while sanctioning and making
the Final
Payments
under Group Insurance Scheme for proper Implementation of the Scheme.
Further,
the following Instructions shall also be Scrupulously followed.
(1)
The Head of the Department / Drawing and Disbursement Officer shall be
held
responsible for sanctioning the Group Insurance Scheme Final
Payments.
If any Excess Payments are found, the Difference Amount shall be
collected
from the sanctioning Authority and such Officers are liable for
Disciplinary Action.
(2)
The Drawing and Disbursement Officer shall recover the Correct Rate of
Subscription
according to the eligible Group of the Employees. For any
Excess
/ Less Recovery the Drawing and Disbursement Officer shall be held
responsible.
(3)
The Director of Insurance, Telangana, Hyderabad shall conduct a regular
Audit
of all Claims paid under Group Insurance Scheme and send a Report to
the
Head of the Department concerned.
(4)
The Head of the Department concerned shall take action against the erring
Officials
who are responsible for the Excess / Less Recoveries wherever they
are
detected.
(5)
Any Excess Payment made, if found during the Audit by the Directorate of
Insurance,
the same shall be immediately recovered from the concerned and
remitted
through Challan to the concerned Head of Account by the Drawing
and
Disbursement Officer and the fact of remittance shall invariably be
communicated
to the Directorate of Insurance.
(6)
If an Employee’s Subscription is not recovered during his Service Period, the
Total
Subscription along with Interest shall be recovered from the Payments
admissible
to him.
(7)
All the Heads of Offices should take
Prompt Action for recording the
necessary Subscription Entries in the Service Registers
of the Employees
under proper Attestation every Year at the close of
March a Certificate
shall
be recorded in the Service Book of each Employee that Subscription to
the
Scheme at the Appropriate Rates have been recovered for the Period
from April to March.
The Entries shall be attested by the Drawing and
Disbursing
Officer.
(8) As per G. O. Ms. No.
910, Finance (Admn.II) Department, dated :
28.10.2002.
“sanctioning authority shall send a copy of Sanction
Orders of the
Group Insurance Scheme Payment including calculation
slip to the
Directorate of Insurance for verification”.
10.
The Director of Insurance is further advised to obtain the Revised Rates of
Interest
from
the Government of India and submit the Proposals to the Government in advance
every
Year so as to issue Orders in time.
11.
The Director of Insurance, Telangana, Hyderabad shall take further necessary
action
in
the matter accordingly.
12.
Copy of this Order is available and can be accessed at address
http://www.tg.gov.in.goir.
( BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA)
K. RAMAKRISHNA RAO
SECRETARY TO GOVERNMENT(FP)
To
The Principal
Accountant General (Audit – I), Andhra Pradesh & Telangana, Hyderabad
(20 Copies).
The Principal
Accountant General (Audit – II), Andhra Pradesh & Telangana, Hyderabad
(20 Copies).
The Accountant
General (A & E), Andhra Pradesh and Telangana, Hyderabad (By Name).
The Director of
Insurance, Telangana, Hyderabad (200 Copies).
The Director of
Treasuries and Accounts(FAC), Telangana, Hyderabad.
The Director of State
Audit, Telangana, Hyderabad.
The Pay and Accounts
Officer(FAC), Telangana, Hyderabad.
The Director of Works
Accounts(FAC), Telangana, Hyderabad.
The Principal
Secretary to Governor of Telangana, Hyderabad.
The Principal
Secretary / Secretary to the Chief Minister and Private Secretaries to
Ministers.
All Special Chief
Secretaries / Principal Secretaries / Secretaries to Government with a request
to communicate to all
concerned.
All Departments of
Secretariat.
All Heads of the
Departments including Collectors, Superintendents of Police and District
Judges.
The Registrar, High
Court, Andhra Pradesh and Telangana, Hyderabad (With a Covering Letter)
The Registrar, Andhra
Pradesh Administrative Tribunal, Hyderabad (With a Covering Letter).
The Secretary,
Telangana State Public Service Commission, Hyderabad (With a Covering
Letter).
The Chairman,
Tribunal for Disciplinary Proceedings, Hyderabad.
All the Joint
Directors of Works Projects.
All the District
Treasury Officers / All Sub – Treasury Officers.
All the Chief
Executive Officers of all Zilla Parishads.
All the District
Educational Officers.
All the District
Panchayat Officers.
All the Mandal
Development Officers.
All the Mandal
Educational Officers.
All the Commissioners
/ Special Officers of the Municipalities / Corporations.
The Registrar, all
Universities, Telangana.
All Recognized
Service Associations.
The Finance
(HRM-V-Pension) Department.
SF / SCs.
//FORWARED
BY ORDER //
SECTION
OFFICER
ANNEXURE
Tables 2015-2016
TABLE – I
TABLE SHOWING THE ACCUMULATED SAVINGS OF BENEFITS FROM
SAVINGS FUND PER EACH UNIT OF Rs.10/- upto 31-10-1994.
TABLE –II
Table showing the interest payable (Interest only) on the
accumulation of Savings fund
as on 31-10-1994 per each unit of Rs.10/- @ 12% p.a. from
1-11-1994 to 31-3-2000 @
11% p.a. from 1-4-2000 to 31-03-2001 @ 9.5% p.a. from
01-04-2001 to 31-03-2002
and 9%p.a from 01-04-2002 to 31-10-2004 ,8% p.a from 1-11-2004
to 30-11-2011,
8.6%p.a from 01-12-2011 to 31-03-2013 and 8.7%p.a from
01-04-2013 onwards
Compounded Quarterly on cessation of membership from the
scheme.
TABLE – III
Table showing the benefit i.e. accumulated savings with interest from Savings
Fund on the revised rate of contribution of Rs.15/- p.m. ( Rs.10.50 towards savings fund
for each unit of Rs.15/- p.m.) w.e.f. 1-11-1994 onwards at 12% p.a. from 1-11-1994 to
31-3-2000, @11% p.a. from 01-04-2000 to 31-3-2001 , @ 9.5 % p.a. from 1-4-2001 to 31-
03-2002 and @ 9%p.a from 1-4-2002 to 31-10-2004, 8% p.a from 1-11-2004 to
30-11-2011, 8.6%p.a from 01-12-2011 to 31-03-2013 and 8.7%p.a from 01-04-2013
onwards compounded Quarterly on cessation of membership from the scheme.
The following tables are prepared in continuation to the tables as prescribed in
G.O.Ms. No. 90 Finance (AdmnII) Department dated 01-05-2014.
TABLE-III A
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-1994
TABLE – III B
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-1995
TABLE – III C
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-1996
TABLE – III D
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-1997
TABLE – III E
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-1998
TABLE – III F
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-1999
TABLE – III G
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2000
TABLE – III H
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2001
TABLE – III I
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2002
TABLE – III J
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2003
TABLE – III K
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2004
TABLE – III L
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2005
TABLE – III M
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2006
TABLE – III N
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2007
TABLE – III O
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2008
TABLE – III P
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2009
TABLE – III Q
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2010
TABLE – III R
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2011
TABLE – III S
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2012
TABLE – III T
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2013
TABLE – III U
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2014
TABLE – III V
IT IS APPLICABLE TO THE EMPLOYEES WHOSE SUBSCRIPTION/ENHANCEMENT
OF SUBSCRIPTION STARTED FROM NOVEMBER-2015
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