Government have introduced the slab
rates of compulsory premium towards Government Life
Insurance Scheme for the State Government Employees. Orders were issued previously to revise the pay slabs for deduction of
Government Life Insurance Compulsory Premium from all the State Government
Employees with reference to the Revised Pay Scales, 2010.
Consequent of implementation of Revised
Scales of Pay, 2015 to the State Government Employees issued, it has become necessary to revise the slab rates of premium towards
Telangana Government Life Insurance Scheme with
reference to the pay drawn by them.
The Director of Insurance, Telangana State, Hyderabad has requested
for revising the Pay Slabs and corresponding monthly compulsory premium towards
Telangana State Government Life Insurance Scheme in accordance with Revised Pay
Scales, 2015 with effect from 01.06.2015.
After careful consideration of the
proposal of the Director of Insurance, Government hereby revise the Pay Slabs
along with corresponding monthly premium with reference to the Revised Pay
Scales, 2015 towards Telangana Government Life Insurance Scheme for
implementation are specified below :
Existing Slab Rates
|
Revised Slab Rates
|
||
PRC 2010
Pay Slabs
|
Monthly Premium Rs.
|
PRC 2015
Pay Slabs
|
Monthly Premium Rs.
|
Rs.6700
to Rs.8440
|
250-00
|
Rs.13000 to Rs.16400
|
500.00
|
Rs.8441
to Rs.10900
|
350-00
|
Rs.16401
to Rs.21230
|
650.00
|
Rs.10901
to Rs.14860
|
450-00
|
Rs.21231
to Rs.28940
|
850.00
|
Rs.14861
to Rs.18030
|
600-00
|
Rs.28941
to Rs.35120
|
1150.00
|
Rs.18031
to Rs.25600
|
750-00
|
Rs.35121
to Rs.48600
|
1400.00
|
Rs.25601
and above
|
1000-00
|
Rs.48601
and above
|
2000.00
|
The
above revised premium rates shall be effected from the pay of June, 2015 payable
on 01.07.2015.
All the employees must increase their
premiums according to the revised rates specified above and also submit
requisite proposal form after recovery of first revised premium from the salary
and take Insurance Policy according to the revised premium from the Insurance
Department.
Whenever the premium is enhanced,
proposal form has to be submitted and additional policies have to be obtained.
Unless proposal form is submitted and
policies obtained, the employees will not get Insurance coverage for the
premium paid.
The Drawing and Disbursing Officers
concerned are solely responsible for effecting the recovery of revised premium
from all the eligible employees (i.e., who are above 20 below 53 years of age)
from the pay of June, 2015 duly forwarding the requisite proposal forms and
obtaining the requisite policies from the Insurance Department.
If the fixation is delayed for any
reason, the premium shall be revised from the month of drawal of pay fixation
arrears. In such case no arrears of premium shall be collected.
The Director of Treasuries and Accounts,
Telangana, Hyderabad is requested to issue suitable instructions to all the
District Treasury Officers / Treasury Officers that the above revised premium
rates with reference to new pay slabs are ensure cent percent coverage of
eligible employees under Telangana Government Life Insurance Scheme by 30th
June, 2015. The District Treasuries and Sub-Treasuries / Pay
& Accounts Officers should verify the collection of premium as per the slab
rates before passing the salary bills. The Director of Insurance shall ensure
that policies are issued to all the subscribing employees immediately.
All the Departments of
Secretariat/Head of Departments are requested to issue suitable instructions to
all their subordinates to ensure that all eligible employees are brought under
the Telangana Government Life Insurance Scheme before the end of June, 2015.
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