GSWS Employees submit APGLI Proposals -The Salary Slip acts as APGLI Insurance Policy until Bond is issued

RC.No. 624 /F /GSWS/2022 Dated: 19/12/2022 The salary-slip itself acts as an insurance policy until the time a formal bond is issued. GSWS Employees submit APGLI Proposals -The Salary Slip acts as APGLI Insurance Policy until Bond is issued

GSWS Employees submit APGLI Proposals -The Salary Slip acts as APGLI Insurance Policy until Bond is issued

From
SAGILI SHAN MOHAN, I.A.S
Director,

GVWV & VSWS Department

To  
All the District Collectors in the State.

Sub: GVWV & VSWS  Department - APGLI - Policy Bonds to Village/Ward Secretariat Functionaries - Requested - Regarding.

Ref:

• 1) G.O.Ms No. 05, GVWV & VSWS Department. Dated: 20-06-2022
• 2) G.O.Ms No.36,Finance Admin.DI & IF)Department,Dated 05-03-2016.
• 3) G.O.Ms. No. 198, Finance (ADMIN -III-DI,DSA) Department, Dated: 18- 10-2022
• 4) Representations from various VSWS employees associations
• 5) RC. No 493/F/GSWS/2022, GVWV & VSWS Department, Dated: 01-11-2022/

You are aware that all Village and Ward Secretariat employees like any other regularized employees are covered under APGLI scheme. The monthly premium limits are revised from Rs.500/- to Rs.800/ in October as age of entry is revised from 55 to 57 and the maturity is enhanced from 60 years to 62 years vide G.O. ref 3rd cited. Sum assured is shown in the table as Annexure to the above G.O.Ms.No.198, Finance (Admin-III, DI-DSA) Department dt:18-10-2022.

In the reference 4th cited above, various Village /Ward Sachivalayam Employees Associations represented to the Government that premium amount is being deducted from their salaries every month since July 2022 towards subscription of APGLI and therefore requested to provide APGLI policy Bonds.

In the reference 5th cited, the Director APGLI has been requested to ensure to obtain proposal forms through the Drawing and Disbursement Officers (DDOs) and take necessary action to issue APGLI endowment policies to the Village/Ward Sachivalayam Functionaries as early as possible.

It is hereby informed that the risk is held covered by default from the date of remittance of premium by virtue of the salary deduction by any employing department of Government of Andhra Pradesh as the subsequent realization of funds by APGLI is only a matter of interdepartmental reconciliation in terms of Section 64VB of Insurance Act, 1938. The salary-slip itself acts as an insurance policy until the time a formal bond is issued.

The District Collectors are therefore requested to ensure that all the Grama/Ward Sachivalayam Functionaries submit the proposal forms in the concerned APGLI office through the Drawing and Disbursement Officers (DDOs) for issuing of APGLI endowment policy bonds.