Army Group Insurance Fund – Revised Insurance Cover for Army Officers
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).
Click here to read the discussions on the need to revise Central Government Employees Group Insurance Scheme (CGEGIS)
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
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)