- The Government employees who are between 21 and 53 years of age are eligible for taking TSGLI Policies.
- The TSGLI Department issues only Endowment Policies which mature one day before attaining (58) years of age.
- TSGLI policies do not lapse.
- The Premium rates are low.
- TSGLI 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 policyholder.
- 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 the case of Death of policyholder before the maturity of the policy, the full Sum Assured along with Bonus till the date of death is paid to the legal
BIFURCATION: After the formation of TELANGANA STATE in 2014, the scheme name has been changed as TELANGANA STATE GOVERNMENT LIFE INSURANCE. As per G.O.RT No.321 Dated 14.08.2014 the Administration of engineering and maintenance of Departmental AIMS Package application has been started from September-2014. TSGLI Slab Rates and Monthly Premiums are provided here.
REVISED SLAB RATES IN PRC 2015: On implementation of Revised Scales of Pay- 2015 to the State Government Employees Govt of Telangana issued G.O.Ms.No.25, Finance (HRM.IV) Department, Dt.18.03.2015, As a reference of the above G.O, 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 to revise the premium towards Telangana State Government employees by the Lr.No.10/Genl/PRC/2014-15, Dt.26.03.2015
After careful consideration of the proposal of the Director of Insurance, Government decided to revise the Pay Slabs along with corresponding monthly premium with reference to the Revised Pay Scales- 2015 towards Telangana Government Life Insurance Scheme. For the implementation of revised slab rates of premium, TELANGANA STATE Government has been issued a GO MS.No.49. Dated: 27.04.2015.
As per G.O.MS.No. 49. Dated: 27.04.2015. 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 :
0 Comments