APGLI INFORMATION
The APGLI Department is one of the oldest departments in the State. The Scheme was originally started in 1907 by the Nizam of erstwhile State of Hyderabad for the welfare of his employees.
A Management Committee used to run the scheme initially in the name of Family Pension Fund. Later the scheme was renamed as Hyderabad State Life Insurance Fund in the year 1913.
After formation of Andhra Pradesh state in 1956, the scheme was changed as "Andhra Pradesh Government Life Insurance Fund". The first Managing Committee meeting after formation of Andhra Pradesh State consisting of 4 members, one Secretary and a President was held on 25-9-1957 and Sri B.Gopala Reddi, the then Honorable Finance Minister was President of the meeting.
Districts under Vijayawada Regional Office
Srikakulam
Vizianagaram
Visakhapatnam
East Godavari
West Godavari
Krishna
Districts under Kurnool Regional Office
Guntur
Prakasam
Nellore (now Sri Potti Sriramulu Nellore District)
Kurnool
Kadapa
Anantapur
Chittoor
3. The Regional Offices were closed during 1998 and the Department was again reorganized by the Government, by opening (23) District Insurance Offices in place of the four Regional Offices, one in each District Head Quarters, except Krishna at Vijaywada, in order to go nearer to the policyholders for rendering better service.
4. The District Insurance Offices have only one Gazetted officer either Assistant Director, Deputy Director or Joint Director, in each District Insurance Office who will head the Office, followed by non-gazetted staff.
Major Head 8011 – Insurance and Pension Funds.
MH 105 – State Government Insurance Fund.
SH (01) – Andhra Pradesh State Government Life Insurance Fund.
2. The premium is recovered at source in the salary bills of the employees and the details are sent through schedules.
3. The employees whose salaries are not paid through Treasury/PAO and who have to pay the premium through Challan have to credit the premium to the above head of the account.
4. Please quote the department service head and also DDO number in the Challan.
The employee has to request his/her DDO to deduct One rupee extra in addition to regular premium in the salary schedules for one time only.
After deduction, the employee has to submit a declaration form on a paper stating that he/she has lost the policy or the policy is destroyed and that he/she has not mortgaged the policy anywhere. This declaration has to be signed by him/her and attested by DDO / Head of the Office.
The employee has to submit the above declaration form along with the copy of the monthly schedule to the respective District Insurance Office for obtaining the duplicate policy.
The APGLI Department is one of the oldest departments in the State. The Scheme was originally started in 1907 by the Nizam of erstwhile State of Hyderabad for the welfare of his employees.
A Management Committee used to run the scheme initially in the name of Family Pension Fund. Later the scheme was renamed as Hyderabad State Life Insurance Fund in the year 1913.
After formation of Andhra Pradesh state in 1956, the scheme was changed as "Andhra Pradesh Government Life Insurance Fund". The first Managing Committee meeting after formation of Andhra Pradesh State consisting of 4 members, one Secretary and a President was held on 25-9-1957 and Sri B.Gopala Reddi, the then Honorable Finance Minister was President of the meeting.
APGLI Scheme is a Social Security Measure for the welfare of the Government employees and is mandatory for all Government employees and provincialised Local Body employees
APGLI Department is under the Administrative Control of Finance Department.
1. Till 1976, there was only one office at Hyderabad.
2. During 1976, the department was reorganized by opening four Regional Offices, one each at Hyderabad, Warangal, Vijayawada and Kurnool. The following were the Regional Offices' jurisdiction:
- The Government employees who are between 21 and 53 years of age are eligible for taking APGLI Policies.
- The APGLI Department issues only Endowment Policies which mature one day before attaining(58) years of age.
- APGLI policies do not lapse.
- The Premium rates are low.
- APGLI Premium is exempted from income tax under section 80C.
- Attractive Bonus rates.
- The present rate of Bonus is Rs 100/- for every Rs 1000/- Sum Assured per annum.
- The Loans are sanctioned up to 90% of Surrender Value.
- Only Simple Interest of 9% per annum is charged against loans sanctioned.
- In case of maturity of the policy, the total Sum Assured and Bonus till Date of Maturity are paid to the policy holder.
- If the Policy Holder ceases to be Government servant, and decides to surrender the policy by discontinuing the payment of Premium, the subscriber will be paid the Surrender Value and the eligible Bonus.
- In case of Death of policy holder before maturity of the policy, the full Sum Assured along with Bonus till date of death are paid to the legal heirs.
Districts under Kurnool Regional Office
3. The Regional Offices were closed during 1998 and the Department was again reorganized by the Government, by opening (23) District Insurance Offices in place of the four Regional Offices, one in each District Head Quarters, except Krishna at Vijaywada, in order to go nearer to the policyholders for rendering better service.
4. The District Insurance Offices have only one Gazetted officer either Assistant Director, Deputy Director or Joint Director, in each District Insurance Office who will head the Office, followed by non-gazetted staff.
The Govt. vide G.O.Ms.No. 199 Finance(Admn.II) department dt-30/07/2013 the Govt. have removed the condition of requirement of one year service from the date of issue of Orders.These Orders are effective for the Policies issued w.e.f 01/08/2013.
The Drawing and Disbursing Officers concerned are therefore requested to recover the compulsory premium of A.P.G.L.I. amount which was prescribed in the Government orders from time to time to deduct the compulsory premium from the date of payment of first salary soon after he/she jains the Government service without waiting for comletion of one year service, who are in the insurable age of 21-53 years.
All the Policy Holders are hereby requested to submit the following information while submitting applications for sanction of Loan/Settlement of Claim cases for making payment online & sending SMS.
1).Employee I.D Number.
2).Mobile Number.
3).Xerox copy of First page of Saving Bank Pass Book to be enclosed to the application duly containing the following.
2).Mobile Number.
3).Xerox copy of First page of Saving Bank Pass Book to be enclosed to the application duly containing the following.
a).Showing Bank Account number
b).Bank branch name
c).IFSC Code
4) .cfms download form
Otherwise such aplications will be objected without processing in future.
b).Bank branch name
c).IFSC Code
4) .cfms download form
Otherwise such aplications will be objected without processing in future.
For issue of Policy:-
Mobile Number may please be mentioned in Proposal Form for sending SMS for fresh/enhanced policy number details.
Head of the Account of APGLI Department: 8011-105-01.
2. The premium is recovered at source in the salary bills of the employees and the details are sent through schedules.
3. The employees whose salaries are not paid through Treasury/PAO and who have to pay the premium through Challan have to credit the premium to the above head of the account.
4. Please quote the department service head and also DDO number in the Challan.
After deduction, the employee has to submit a declaration form on a paper stating that he/she has lost the policy or the policy is destroyed and that he/she has not mortgaged the policy anywhere. This declaration has to be signed by him/her and attested by DDO / Head of the Office.
The employee has to submit the above declaration form along with the copy of the monthly schedule to the respective District Insurance Office for obtaining the duplicate policy.
APGLI Proposal Form (Fresh&Enhancement)
GOOD HEALTH AND MEDICAL LEAVE CERTIFICATE FOR APGLI
Policy Details Policy No. Search Policy BondANNUAL ACCOUNT SLIPS |
ANDHRA PRADESH GOVERNMENT LIFE INSURANCE SCHEME(APGLI)
apgli is a wealth destroyer.
ReplyDeleteread this article. Paisa Health
ReplyDelete