GPAIS 2012

          In GO(P)No.504/2011/ Fin  Dated 04/11/2011 Government have renewed the Group Personal Accident Insurance Scheme for a further period of one year from 01/01/2012.


          The annual premium is enhanced from Rs.100 to Rs.200 inclusive of service tax for an assured sum of Rs.8 lakh.


          The Drawing and Disbursing Officer / Self Drawing Officer shall deduct the premium of Rs.200/- per employee from all the categories of employees included in the scheme from the salary for the month of November 2011 payable in December.


          The recovery particulars in Form II which contain the name and designation of employees from whom the premium was recovered in triplicate should be furnished to the concerned Treasury Officer along with the salary bill.


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

GPAI Scheme; extension of time limit

 

          In G.O (P) No.56/2011/Fin dated 28/01/2011 Government have extended the time limit to join the Group Personal Accident Insurance Scheme till 28/02/2011. The Officers concerned should ensure that the premium in respect of those employees who could not join the scheme is deducted from the salary for the month of January 2011 and in the case of spill over, from the salary for the month of February, 2011.

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

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.