APGLI Fund Rules 2024 ఆంధ్ర ప్రదేశ్ ప్రభుత్వ జీవిత బీమా నిధి నియమావళి 2024 Andhra Pradesh Government Life Insurance Fund Rules, 2024 – Notified FINANCE (ADMN-III.DI &DSA) ) DEPARTMENT G.O.Ms.No.18 Date: 16-02-2024 Mandatory subscription under APGLI Nomination by the Government employee Issue of the first policy bond Deduction of the monthly premium Automatic enhancement of the premium Reduction in the monthly premium Voluntary enhancement of the premium General conditions governing policy bonds APGLI LOANS Eligibility criteria Loan application process Recovery of the loan amount APGLI Claim on maturity of the policy Claim on surrender of the policy Claim on death of the policy holder Claim in the case where the policy holder is declared missing Settlement of the unclaimed policies General conditions governing the settlement of claims Key stakeholders and their responsibilities APGLI monitoring and grievance redressal cell Fund management Maintenance of accounts and audit
APGLI Fund Rules 2024 Finance Department Andhra Pradesh Government Life Insurance Fund Rules, 2024 – Notified FINANCE (ADMN-III.DI &DSA) DEPARTMENT G.O.Ms.No.18 Date: 16-02-2024
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e-file.No.FIN04-13/21/2023-GENERALSEC-DOID (Computer.No.2290877) of Director of Insurance, A.P.
The Government of Andhra Pradesh (Go AP) is implementing a Life Insurance scheme which is in existence since 1907, through the AP Government Life Insurance (APGLI) Department. The APGLI is a safety net and ensures economic security of Government employees by providing a lump sum amount with applicable bonus in case of demise during service, or on retirement. The APGLI scheme is governed by the APGLI Fund Rules, as amended from time to time. The Government has undertaken a comprehensive study of the existing APGLI Fund Rules with an objective of bringing the rules in tune with the changing times and procedures, and enable the Government employees to avail the benefits of the scheme in a seamless manner. Based on the detailed study of the APGLI Rules, the Government has updated and simplified the Fund Rules, considering the latest technological advancements. Accordingly, the existing fund rules have been suitably revised to meet the aforementioned objectives.
The Government, after careful examination, have decided to issue the Andhra Pradesh Government Life Insurance Fund Rules, 2024 annexed to this order. Accordingly, the following Notification will be published in the Andhra Pradesh Gazette.
NOTIFICATION
In exercise of the powers conferred by the proviso to Article 309 of the Constitution of India and of all other powers hereunto enabling, and in supersession of the rules immediately preceding the date of publication of those rules, the Governor of Andhra Pradesh, hereby notify the Andhra Pradesh Government Life Insurance Fund Rules, 2024 annexed to this notification..