GPAIS through Kerala State Insurance Dept. for the year 2011

          In G.O (P) No.616/10/Fin dated 23/11/2010 Government have decided to implement the Group Personal Accident Insurance Scheme through Kerala State Insurance Department for the year 2011 with certain modifications. As per the G.O the scheme has also been extended to the employees of all Public Sector Undertakings, Co-operative Institutions, autonomous bodies and other Government Institutions in addition to the categories of employees already covered under the scheme. The scheme shall come into force with effect from 01/01/2011.

          The insured shall have to pay an annual premium of Rs.100/-, inclusive of Service tax for an assured sum of Rupees Eight Lakh.

The compensation admissible shall be as follows:

•  Death due to accident – 100% of sum insured

•  Loss of 2 limbs or sight of both eyes and one limb and sight of one eye due to accident – 100% of sum insured

•  Loss of one limb or sight of one eye due to accident – 50% of sum insured

•  Permanent total disablement due to accident – 100% of sum insured

          The Drawing and Disbursing Officer/ Self Drawing Officer shall deduct the premium of Rs.100/- per employee from all the categories of employees included in the Scheme from the salary for the month of November 2010 payable in December. In case of any  spill over, the same should be recovered from the salary of December 2010 payable in the 3rd week of December.

          For more details, please click here to downlaod the Order.