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Army Group Insurance Fund – Revised Insurance Cover under AGIF Scheme for Commissioned and Junior Commissioned Officers
Commissioned Officers to get Insurance cover of Rs.50 lakhs for monthly subscription of Rs.5000/- and Junior Commissioned Officers to get Insurance Cover of Rs.25 lakhs for monthly subsription of Rs.2500.
Controller of Defence Accounts has commincated the decision of Board of Members of Army Group Insurance Fund (AGIF) that Insurance Cover of Commissioned Officers and Junior Commissioned Officers are revised to Rs.50 lakhs and Rs.25 lakhs respectively. Text of CGDA Communication dated 04.06.2013 is given below
Readers may recall an earlier GConnect article which discussed the need of revision of Central Government Employees Group Insurance Scheme which offers a paltry Insurance cover ranging from Rs.15000 (appicable to Grop D employees) and to Rs.1,20,000 (applicable to Group A Officers).
We feel that Board of AGIF have taken a correct decision to provide a realistic Insurance Cover for Army Officers is really laudable.
We also feel that Central Government should take a leaf out of this decision and revise the Insurance Cover for all Central Government Employees immediately
Office of the Controller General of Defence AccountsUlan Baku Road, Paiam, Delhi Cantt-110010
No. AT/I/14500/AGIF/Vol-VIIDate: 04.06.2013
Sub: Change in the rates of subscription: Army Group Insurance Fund (AGIF).
Please find enclosed a copy of AGIF letter No. A/56271/R/AG/Ins(Coord), dated 30.05.2013 regarding change in the rates of subscription in respect of Officers/JC0s/ORs of Indian Army for information and
necessary action. The enhanced rate of monthly subscription is to be recovered commencing from pay for Aug 2013 payable on 31.08.2013.
2. In this context, it is also requested that suitable instructions on the subject may please be issued to ail the PACs functioning under your jurisdiction for taking action as per AGIF letter mentioned above.
Copy of AGIF letter No. A/56271/R/AG/Ins(Coord), dated 30.05.2013
No. A/56271/R/AG/Ins (Coord)dated 30 May 2013ADJUTANT GENERAL’S BRANCHARMY GROUP INSURANCE FUND
CHANGE IN THE RATES OF SUBSCRIPTION ARMY GROUP INSURANCE FUND (AGIF)1. Reference Ministry of Defence letter No N56302/AG/Insurance/1052/D (Pay/ Services) dated 16 Mar 1982, our letter No N56271/R/AG/Ins(Coord) dated 02 Dec 2010 and your letter No AT/I/1496/VI dated 15 Dec 2010 (copies attached).2. The Board of Governors of AGIF has approved the enhancement in insurance cover to its serving members and also revised rates of monthly subscription by them for the Army Group Insurance Scheme.The revised scheme is to be implemented with effect from 01 Sep 2013 onwards.3. The new rates of insurance cover and subscription to be deducted for various categories of members are as under :-(a) Commissioned Officers including MNS Officers and Re-employed Officers of Regular Army Postal Service (APS).(i) Insurance Cover – Rs. 50 lac.(ii) Monthly subscription to be recovered commencing from pay for Aug 2013 payable on 31 Aug 2013 at the enhanced rate as follows :(aa) Regular Army Officers (including MNS Officers and Re-employed Officers) – Rs. 5000/- per month.(ab) APS Officers – Rs. 5190/- per month.(b) Junior Commissioned Officers (including those granted Commission and Other Ranks of Regular Army including APS and Defence Security Corps (DSC)(i) Insurance Cover – Rs. 25 lac.(ii) Monthly subscription to be recovered commencing from pay for Aug 2013 payable on 31 Aug 2013 at the enhanced rate as follows :-(aa) Regular Army JCOs/ OR – Rs. 2500/- per month.(ab) APS JCOs/ OR – Rs. 2525/- per month.(ac) DSC JCOs/ OR – Rs. 2590/- per month.4. It is requested to kindly issue necessary instructions to all concerned in accordance with the authority vested in you by Ministry of Finance (Defence) U.O. No 885/PD of 1982.
sd/-(SP Rai)Maj Gen (Retd)Managing DirectorFor Adjutant General