G.O 36 APGLI Scheme – Endowment Policies – Enhancement of Age

G.O 36 APGLI Scheme – Endowment Policies – Enhancement of Age of superannuation from 58 to 60 years and introduction of AP Revised Scales of Pay 2015 - Enhancement of Maximum Insurable Age under AP Government Life Insurance Scheme from (53) years to (55) years and Revision of Rates of Compulsory Premium with reference to Revised Pay Scales, 2015 Enhancement  of  age  of  superannuation  from  (58) years  to  (60)  years  and  introduction  of  the  Revised  Scales  of  Pay, 2015,  the  Director  of  Insurance,  in  his  letter  3rd  cited,  has  sent proposals  for  enhancement  of  the  maximum  Insurable  age  from  53 years  to  55  years  and  to  revise  the  rates  of  compulsory  premium based  on  the  Revised  Scales  applicable  to  various  categories  of employees.  The  Government  in  the  memo  fourth  read  above,  permitted the  Director  of  Insurance  to  take  necessary  further  action  and  submit detailed  proposals  after  consulting  the  Actuary  and  the  Accountant General, A&E, Andhra Pradesh. 5.  Accordingly,  the  Director  of  Insurance  has  submitted  necessary proposal in his letter ninth read above. 6.  After  careful  examination  of  the  proposal  of  the  Director  of Insurance,  Government  hereby  order  that  the  maximum  Insurable  age under  the  Andhra  Pradesh  Government  Life  Insurance  Scheme  be raised  from  53  years  to  55  years  and  the  rates  of  compulsory  premium under  the  scheme  shall  be  revised  as  detailed  below  and  accordingly issue the following instructions

Download GO 36 with full details