Sunday, 6 December 2015

GO.49 TSGLI Revised Slab Rates in PRC 2015|TSGLI Monthly Premiums of Telangana Employees.

GO.49 TSGLI Revised Slab Rates in PRC 2015| TSGLI Monthly Deductions of Telangana Employees.

G.O.MS.No.49  Dated:27.04.2015,TSGLI Scheme New Slab Rates in PRC 2015, Telangana  Government Life  Insurance  Scheme, Deduction of Telangana Government  Life Insurance Compulsory Premium, Revision of Pay Scales with reference to Revised Pay Scales, 2015,Revised TSGLI slab rates with reference to RPS 2015, Director of Insurance, Government of Telangana,Hyderabad.

GOVERNMENT OF TELANGANA
G.O.MS.No.49.FINANCE (ADMN.I) DEPARTMENT,Dated: 27.04.2015.

SUBJECT:
Public Services-Telangana  Government Life  Insurance  Scheme-Revision of Pay Scales with reference to Revised Pay Scales, 2015 for deduction of Telangana Government  Life Insurance Compulsory Premium – Orders – Issued.

REFERENCES:
1.G.O.Ms.No.368, Finance & Planning (FW.Admn.II) Dept., dated.15.11.1994.
2.G.O.Ms.No.231, Finance (Admn.II) Department Dt.28.06.2010.
3.G.O.Ms.No.25, Finance (HRM.IV) Department, Dt.18.03.2015.
4.Lr.No.10/Genl/PRC/2014-15, Dt.26.03.2015, of Director of Insurance, Govt of Telangana, Hyd.

ORDER:
1.In the reference 1st  read above, Government have introduced the slab rates of compulsory premium towards Government Life Insurance Scheme for the State Government Employees.

2.  In the reference 2nd  read above, orders were issued 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.

3. Consequent of implementation of Revised Scales of Pay, 2015 to the State Government Employees issued in the reference 3rd read above, 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.

4. In the reference 4th read above, 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.

5. 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.
Pay from 
Rs.6700 to Rs.8440
250-00
Pay from 
Rs.13000 to Rs.16400
500.00
Pay from 
Rs.8441 to Rs.10900
350-00
Pay from 
Rs.16401 to Rs.21230
650.00
Pay from 
Rs.10901 to Rs.14860
450-00
Pay from 
Rs.21231 to Rs.28940
850.00
Pay from 
Rs.14861 to Rs.18030
600-00
Pay from 
Rs.28941 to Rs.35120
1150.00
Pay from 
Rs.18031 to Rs.25600
750-00
Pay from 
Rs.35121 to Rs.48600
1400.00
Pay from 
Rs.25601 and above
1000-00
Pay from 
Rs.48601 and above
2000.00

6. The above revised premium rates shall be effected from the pay of June, 2015 payable on 01.07.2015.

7. 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.

8. Whenever the premium is enhanced, proposal form has to be submitted and additional policies have to be obtained.

9. Unless proposal form is submitted and policies obtained, the employees will not get Insurance coverage for the premium paid.

10. 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.

11. 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.

12. 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.

13. All the Departments of Secretariat/Head of Departments are requested to iss ue 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.

# GO.49 TSGLI Revised Slab Rates in PRC 2015

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