TSGLI

                            APGLI AND TSGLI

History of  TSGLI

►This Department of Life Insurance of the Government of the State of Telangana is a department of state welfare that deals with the implementation of (a) Government Life Insurance Plan and (b) Group Insurance Plan for all categories of employees of the Government of the State of Telangana.

►In the beginning, the Family Pension Fund was established in 1907 by the Nizam of the former princely state of Hyderabad to alleviate the anguish of the surviving members of the deceased families of government servants.

►The Family Pension Fund later became "Hyderabad State Life Insurance Fund" in 1913.

►After the formation of the State of Andhra Pradesh in 1956, the Hyderabad State Life Insurance Fund was changed to the Andhra Pradesh Government Life Insurance Fund and the scheme became mandatory for all State Government Employees since January 1, 1958.

►In 1974, the nomenclature of the Department was changed as Directorate of Insurance, Andhra Pradesh, Hyderabad and four (4) regional offices were established in 1976, one in each one in Hyderabad, Vijayawada, Kurnool and Warangal to provide better and prompt attention to the insured.

►Later, with a view to providing effective service and facilitating access to policyholders in the districts, the government further decentralized the department by establishing (23) District Insurance Offices in 1997.

►Following the formation of the state of Telangana, the Andhra Pradesh State Government Life Insurance Department was renamed "Telangana State Government Life Insurance Department" with effect from June 2, 2014; at present, it consists of an Directorate in Hyderabad and (10) district-level offices in each of the former district headquarters.

Main features

►It is mandatory for all government employees, public relations employees and municipal employees

►Age between 21 and 53 is eligible to take the policy. that is, employees under the age of 20 and over the age of 53 cannot join this plan.

► Reemployed pensioners and employees governed by the Factories Law are not eligible.

►APGLI policies do not expire.

► The APGLI premium is exempt from income tax under Section 80C.

►In case of expiration of the policy, the total sum insured and the bonus until the expiration date are paid to the policyholder.

► If the Policyholder ceases to be a government servant and decides to waive the policy by discontinuing the Premium payment, the Subscriber will be paid the Delivery Value and the eligible Bonus.

► In the event of Death of the policyholder before the expiration of the policy, the full Insured Sum together with the Bonus up to the date of death are paid to the legal heirs.

►The contribution to this fund allowed up to 20% of the basic salary.

► If a policy holder is permanently disabled while on duty, he is exempt up to Rs: 30 / - pm by presenting a certificate from the competent doctor to the extent.

► Since 04-08-1964 and after that date, there is only one type of policy, namely Endowment Insurance, which expires at the age of 58. (Rule-6).

► the Govt. they have eliminated the requirement of one year of service from the date of issuance of the Orders. These Orders are effective for Policies issued as of 01/08/2013. GOMs. No. 199 Finance Department (Admn. II) dt-30/07/2013

►Slab rates were introduced (according to RPS-1993) before 31-12-1994 (GOM.No.368 F&P (FW. Accts-II) Dept, dt; 15-11-1994)

Slab rates: according to RPS-2010

GOMs.No.231 F&P (FW-Admn.-II) Dept. Dt: 28-06-2010.

 

BASIC PAYOF UP TO	MONTHLYSUBSCRIPTION
Rs 6700  - to 8440 / -	250 / -
8441 / - to 10900 / -	350 / -
10901 / - to 14860 / -	450 / -
14861 / - to 18030 / -	600 / -
18031 / - to 25600 / -	750 / -
25601 / - to higher	1000 / -

 Above slab rates Applicable as of June 2010 

 PAYMENT RATES ACCORDING TO RPS 2015

GOMs.No.49 Fin. (Admn.-I) Dept. Dt: 27-04-2015. 

BASIC PAY FROM   TO                                MONTHLY SUBSCRIPTION

Rs. 13000 / - to  16400 / -                                                          500 / -

Rs. 16401 / -  to  21230 / -                                                         650 / -

Rs. 21231 / - to   28940 / -                                                         850 / -

Rs. 28941 / -  to  35 120 / -                                                      1150 / -

Rs 35,121 / - to Rs 48,600 / -                                                   1,400 / -

Rs. 48601 / - and more                                                             2000 / -

 

GOMs.No.49 Fin. (Admn.-I) Dept. Dt: 27-04-2015. 

→ Regardless of the above slab rates, an employee can contribute the maximum premium up to 20% of their current base salary subject to a medical examination, if necessary.

How to apply for subscription and get the TSGLI POLICY BONUS:

 Step 1: Monthly deduction of the Employee's Salary Premium by paying bills;

Step 2: The withdrawal and disbursement officer must send the completed proposal forms with the details of the deduction and the corresponding certification to the appropriate district insurance office.

Step 3: The District Insurance Office will process the proposal form and e-BOND will be issued. v First pay First Premium First proposal

· GO Ms. No.199 Finance (Admn. II) Dept. Dt. 30-07-2013. wef01-08-2013. 

→ The DDO is solely responsible for deducting the premium, submitting the required proposal forms and the required policies from the Department of Insurance.

Related G.Os

· GOMs.No.368 Fin. & Plg. (FW Admn - II) Dept. dt. 15-11-1994.

· GO (P) No. 423. Finance Department (Admn.II) dt.29-11-2005.

· GO Ms. No.231 Finance (Admn. II) Dept. Dt. 28-06-2010. 

PENALTY OF THE LOAN

► The loan can be sanctioned up to 90% of the redemption value or the accumulation balance includes a bonus.

► Recovery in 12 EMI minimum and maximum 48. In the case of mortgage loans, the max. EMI at 60 is allowed. (R-46)

►Only simple interest of 9% per year is charged on sanctioned loans.

►Only after principal will interest be recovered. (R-49).

► The TSGLI loan will be sanctioned only if GO Ms. No 49 Finance (Admn-I) Dept. Date: 27/04/2015 is complied with.

► Government issued orders vide GO.RT.No.2931 Finance Department (Admn-II), dated: 10-07-2013 to make online loan payments and claims to policyholders.

►In the event of improper use of the loan, the outstanding loan balance will be recovered with interest (Rule 50).

► Claims due to expiration: In case of expiration of the policy, the total of the Insured Sum and the Bonus until the expiration date is paid to the policyholder.

►In the event of death: - In the event of the death of the insured before the expiration of the policy, the entire Insured Sum together with the bonus up to the date of death are paid to the legal heirs of the respective insured.

Documents required for final payment - in case of death: -

1.  Return form no:12, duly completed and certified by the DDO
2.  Receipt stamped in advance
3.  Original policy
4.  Certificate of legal heir issued by the corresponding MRO.
5.  Death certificate
6.  Departmental information letter with license details.
7.  A Xerox copy of the first page of the nominee's Saving Bank Pass Book will be attached.

Documents required for final payment - in case of retirement

1.  Refund Form No-12
2.  Advanced sealed receipt
3.  Original policy
4.  Copy of the withdrawal order duly accredited by the gazette official.
5.  A Xerox copy of the first page of the Saving Bank Pass Book is attached to the application.

► Orders issued by the government vide GO.RT.No.2931 Finance Department (Admn-II), dated 10-07-2013 to make online all Loan and Claims payments to Policyholders.

►The policies are exempt from seizure by the court of law and the government. installments, except for arrears of premiums or loans, etc.,

DUPLICATE POLICY BONUS

1. The employee has to ask his DDO to deduct an additional rupee on top of the regular premium in one-time salary programs.
2. After deduction, the employee must submit a statement form on paper stating that they have lost the policy or that the policy is destroyed and that they have not mortgaged the policy anywhere. This statement must be signed by him / her and witnessed by the DDO / Head of the Office.
3. The employee must submit the above declaration form together with the copy of the monthly schedule to the respective District Insurance Office to obtain the duplicate of the policy.

To get policy bond , policy number, annual account slip, nomination form, loan forms ,

Please visit  : www.tsgli.telangana.gov.in

Links:

ANNUAL ACCOUNT SLIP

POLICY NUMBER ENQUIRY

POLICY BOND

POLICY DETAILS

APPLICATION STATUS

Download forms

FORMS:-

Proposal Form for insurance (Fresh/Enhancement)

Nomination form

Loan application form

Refund form ( other than death claim)

Refund form (DEATH CLAIM)

Death certificate(insurance)

Declaration regarding loss of policy

Enhance ment upto 20% G O copy