APGLI Complete Information

APGLI HISTORY

·♥ → 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.

APGLI REGIONAL OFFICES

DISTRICTS UNDER HYDERABAD REGIONAL OFFICES	DISTRICTS UNDER WARANGAL REGIONAL OFFICES
· ♥ Hyderabad · ♥ Ranga Reddy · ♥ Medak · ♥ Nalgonda · ♥ Nizamabad · ♥ Mahaboobnagar	· ♥ Warangal · ♥ Khammam · ♥ Karimnagar · ♥ Adilabad

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.

FIRST PAY-FIRST PREMIUM-FIRST PROPOSAL

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 joins the Government service without waiting for completion of one year service, who are in the insurable age of 21-53 years.

Loan/Settlement of Claim cases 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.

                                a).Showing Bank Account number

                                b).Bank branch name

                                c).IFSC Code
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.

⇒♥ KEY POINTS FOR APGLI ♥→
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.

⇒♥ KEY POINTS FOR APGLI ♥→

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.

HEADS OF APGLI
1. Head of the Account of APGLI Department: 8011-105-01. · 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.

HEADS OF APGLI

1. Head of the Account of APGLI Department: 8011-105-01.

· 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.

SLAB RATES
1. The following are the compulsory Premium Slab Rates 2. Irrespective of the above Slab Rates, an employee can contribute Premium maximum upto 20% of his/her present basic pay subject to medical examination, if required

Pay Slabs (In Rupees)	Compulsory Premium Rate (In Rupees)
6700-8440	250
8441-10900	350
10901-14860	450
14861-18030	600
18031-25600	750
25601 and above	1000