AP Group Insurance Scheme – 1984 –Rate of Interest existing @7.6% p.a to continue up to 30-09-2018 and revised rate @ 8 % p.a w.e.f 1st Oct 2018 to 31st Dec 2018 on Accumulated Savings Fund - Communication of Tables of Benefits for Savings Fund for the Period from 01-07-2018 to 31-12-2018

GOVERNMENT OF ANDHRA PRADESH ABSTRACT PUBLIC  SERVICES –

Employees  Welfare  Scheme  – Andhra  Pradesh State Employees  Group Insurance Scheme – 1984 –Rate of Interest existing @7.6% p.a to continue up to 30-09-2018 and revised rate  @  8 % p.a w.e.f 1st  Oct 2018 to 31st  Dec 2018 on Accumulated Savings Fund - Communication of Tables of Benefits for Savings Fund for the Period from 01-07-2018 to 31-122018 – Revised  Tables – Order–Issued. ………………………………………………………………………

             FINANCE(ADMIN-III)  DEPARTMENT

G.O.MS.No.  19  Dated:  13-02-2019

Read  the Following:-

    G.O.Ms.No.293, Finance & Planning  (FW.Accts.II) Dept.,  dated:  08.10.1984.   2. 3. 4. 5. 6. 7. 8. 9. G.O.Ms.No.312, Finance & Planning  (FW.Admn.II) Dept,  dated: 06.11.1984.   G.O.Ms.No.367, Finance & Planning  (FW.Admn.II) Dept,  dated: 15.11.1994. G.O.Ms.No.111, Finance (Admn.DI&IF) Dep., dated:  11-07-2017 G.O.Ms.No.122, Finance (Admn.DI&IF) Dep., dated:  19-07-2017 G.O.Ms.No.3, Finance  (Admin-III)  Dep., dated:  26-01-2018 G.O.Ms.No.96, Finance (HR-5-Pension, GPF)  Dep., dated:  24-01-2018 G.O.Ms.No.51, Finance (Admin-III)  Dep., dated: 24-04-2018 G.O.Rt.No.1204,  Finance (HR-5-Pension,  GPF) Dep.,  Dated:  22-05-2018  10.  G.O. Ms. No. 156,  Finance (Admn-III)  Department, Dated: 28-09-2018. 11.  G.O.Rt.No.2119,  Finance (HR-4-Pension.II, GPF) Dep., Dated:  17-12-2018.

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         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 .according to Para 9 of the  reference  1st  read  above, the accumulations of savings fund part  and insurance  fund  part  shall carry  interest for  the  rated prescribed  by  Government from  time  to  time.

      2. In  the reference 2nd  read above,  orders were  issued  for apportioning the  subscription the  each unit of Rs 10/- between Insurance fund and Savings fund in the ratio  of Rs 3.125 paisa and  Rs 6.875 paisa  respectively.

    3. In  The  reference  3rd  above  orders were  issued  for revision  of rate of  subscription  each unit from  Rs.10/- to  Rs.15/- with effect from  01-11-1994. The apportionment of  the  subscription  of each unit Rs.15/- between Insurance Fund and Savings Fund was fixed in the ratio of  Rs.4.50/- and Rs.10.50/- respectively with effect from 01-11-194. 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:

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