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All India Service Officers' Group Insurance Scheme

ABOUT THIS SCHEME:

  1. This 'scheme'  will be  compulsory for   all those   'employees' who enter into  Central Govt. Service  on  or after 1st   November, 1980, especially for   IAS, IPS, IFS officers.  The Principal Secretary/Commissioner of Treasuries and Accounts  is the administrator of this Scheme. 

  2. The Subscription amount was  initially fixed  at Rs. 80/- per month from 1st January 1982 and   was enhanced at Rs. 120/- per month  from 1st January, 1990. 

  3. The subscriber, on enrolment has to  give nomination details.

  4. The total accumulation (Savings together with interest thereon)  will be payable to the subscriber  on his/her  retirement after attaining the age of superannuation or cessation of his/her service with the Central Government according to Table of Benefits issued by Central Government annually. 

  5. The subscriber  on cessation of service should give  an Application form in Form No. 4 along with relevant annexures in duplicate,  for the  payment of accumulations under All India Service Group Insurance Scheme 1980 along with Government Order notifying his/her retirement. 

  6. In the case of the demise of the subscriber while in service, the legal heir(s)  will get the accumulation made by the subscriber   together  with an  insurance coverage of  Rs. 1,20,000/- for which the legal heir(s) have to produce the following documents

1. Application Form in Form No. 4 along with relevant annexures  in duplicate ;

2.  Death Certificate in original ;

3.  A copy of the order issued by the Government notifying subscriber's death;

4. Legal heirship / Succession Certificate issued by the competent authority ;

5. No objection certificate/ authorisation  from other legal heirs  attested by the  

    Notary Public; 

6. Power of Attorney attested by Notary Public;

The  maintenance  of the Group Insurance Scheme are :

  1. To render better service to the All India Service Officers viz. I.A.S/I.P.S./I.F.S     Officers   serving under  Tamil  Nadu cadre. 

  2. To make  the  advance payment of monthly subscription  to Government of India every month 

  3. To monitor the payment/receipt particulars  of  this scheme.

  4. To ensure timely settlement of Savings cum Insurance Fund towards this Scheme the Treasuries and Accounts Department  is maintaining all sorts of Ledgers and  Registers pertaining to this Scheme viz. Nomination Register, Posting Register, Advance Payment Register, Reconciliation Register,  Settlement  Cheque Register, Stock Register etc.