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The Directorate of Insurance, Government of Telangana, has announced a 7.1% interest rate on the Telangana State Employees Group Insurance Scheme Savings Fund for the period from April 1, 2023, to September 30, 2024. Revised tables detailing the net maturity benefits for the accumulated savings fund are provided for various years. All relevant authorities are instructed to adhere to these guidelines to ensure proper implementation of the scheme.
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0% found this document useful (0 votes)
54 views

Latest Gis Go

The Directorate of Insurance, Government of Telangana, has announced a 7.1% interest rate on the Telangana State Employees Group Insurance Scheme Savings Fund for the period from April 1, 2023, to September 30, 2024. Revised tables detailing the net maturity benefits for the accumulated savings fund are provided for various years. All relevant authorities are instructed to adhere to these guidelines to ensure proper implementation of the scheme.
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DIRECTORATE OF INSURANCE GOVERNMENT OF TELANGANA :: HYDERABAD From V. Srinivasu, M.A. LL.M, Director of Insurance Government of Telangana, Hyderabad, ‘Leo. 07/GIS/2022-2023, dated. 03-01-2025 Sir, Sub: Public Services Welfare — Telangana State Employees Group Insurance Scheme, 1984 -@ 7.1 % Rate of Interest on Accumulated Savings Fund = Communication of Table of Benefits for Savings Fund for the pei from 01-04-2023 to 30-09-2024 — Reg. Ref- 1. G.O.Ms.No.293, Finance &Planning (FW.Acets.I1) Dept, dt: 08.10.1984. 2. G.O.Ms.No.312, Finance &Planning (FW.Admn.II) Dept.,dt: 06.11.1984. 3. G.O.Ms.No.367, Finance &Planning (FW.Admn.II) Dept. dt: 15.11.1994. 4. G.O.Ms.No.910, Finance &Planning (Admn.l1) Dept. dt: 28.10.2002. 5.G.0.Ms.No.91, Finance &Planning (Admn.1) Deptt.t: 12-08-2021 6.G.0.RtNo.95, Finance (ADMN.1) Department, dated: 21-08-2023. 7. G.O.RLNo. 1496,Finance (HRM.V) Department, dated: 26-11-2024. 8.G.O.Ms.No.01, Finance (Admn.1) Department, dated:02-01-2025. Government in the reference 8" cited have issued orders that interest on the Telangana Group Insurance Savings Fund shall be allowed @7.1 % per annum from 01-04-2023 to 30-09-2024 and directed this Department for issue of revised tables for the period covering 01-04-2023 to 30-09-2024. Accordingly, the net benefit of maturity value for one unit on the Accumulated Savings Fund is communicated herewith in the enclosed Annexure. All the sanctioning authorities / Drawing and Disbursing Officers / Treasury Officers / District Audit Officers / Pay & Accounts Officer / Director of Works Accounts are requested to keep in view the appended table while sanctioning and apprising the final payments under Group Insurance Scheme for proper implementation of the Scheme. Further, all the Drawing & Disbursing Officers of the Departments concerned are requested to kindly follow the instructions issued by the Government scrupulously. Any deviation/lapse will be viewed seriously and the concerned will be held responsible. Yours faithfully, ARTS 3s vay ES os ag Sy Baa Rhace TGLI Dept, Hyderabad, Encl: (3) 1 & 2 Annexure I & II Revised Tables of Telangana State Employees Group Insurance Scheme Accumulated savings fund of one unit net benefit of maturity value for the period of 01-04-2023 to 31-03-2024 & for the period 01-04-2024 to 30-09-2024 @7.1%. ) Interest Rates To ‘The Director of Treasuries & Accounts, Telangana, Hyderabad. The Director of State Audit, Telangana, Hyderabad. ‘The Pay & Accounts Officer, Telangana, Hyderabad, The Director of Works Accounts, Telangana, Hyderabad ‘The Accountant General (A&E), Telangana, Hyderabad, Al the Heads of Departments in the State. ANNEXURE -I TELANGANA EMPLOYEES GROUP INSURANCE SCHEME TABLE OF BENEFITS ‘Accumulated Saving Fund of one Unit Net Benefit of Maturity Value from 01-04-2023 to 31-03-2024 @ 7.1% Year / Month Apr-23| May-23 Sun-23 Jul-23 Aug-23| ‘Sep-23 | Oct-23 Nov-23 | Dec-23} Jan-24 | Feb-24 | Mar-24! 1984 32267 | 32469 32670 32872 33077 33282 33487 33696 | 33904 | 34113 | 34325 [34538 1985, 29626 | 29812 29998 30184 30373 30562 30751 30944 | 31136 | 31329 | 31525 | 31721 1986, 27234 | 27405 27577 27749. 27924 28098 | 28273 2845 1 | 28629 | 28807 | 28988 | 29169 1987 25066 | 25225 25384 25543, 25705 25866 | 26028 26193 | 26357 | 26522 | 26689 | 26857 1988, 23103 | 23250 23397 23545 23694 23844 | 23994 24147 | 24299 | 24452 | 24607 | 24762 1989) 21324 | 21460 21597 21734 21873 22012 | 22152 22293 | 22435 | 22576 | 22721 | 22865 1990) 19712 | 19839 19966, 20094 20223 20353 | 20482 20614 | 20746 | 20877 | 21011 | 21146 1991, 18252 | 18371 18489, 18608 18728 18849 | 18970 19093 | 19215 | 19338 | 19463 | 19588 1992, 16929 | 17040 17ST 17262 17374 17487 17600 17714 | 17829 | 17944 | 18060 | 18177 1993 15731 | 15834 15938, 16042 16147 16253 16358 16466 | 16573 | 16680 | 16790 | 16899 1994 14603 | 14700 14797, 14894, 14993 15092. 15190 1529 1 | 15391 | 15492 | 15594 | 15696 1995, 13117 [13205 13293, 13381 13471 13561 13650 1374: 2 | 13833 | 13924 | 14017 | 14110. 1996, 11796 | 11876 11956 12037 12119 12200 12282 1236: 5 | 12449 | 12532 | 12616 | 12701 1997, 10622 | 10696 10769) 10842, 10917 10992 11067 11142 | 11219 | 11295 [11372 [11449 1998, 9647, 9714 9781 9850, 9918. 9986 10056 | 10126 | 10195 | 10266 | 10337 1999) 8715 8776 8838 8901 8964 9027 go | 9155 | 9219 | 9284 | 9349 2000 _| 7885, 7942, 7999) 8057 S115 8173 8232_| 8290 | 8349 | 8409 | 8469_ 2001, 7139, 7192, 7244 7298 7351 7405, 7459) 7513 | 7568 6855, 7623 |_7678 6112 | 6158 | 6205 | 6251 | 6298 2004 | 5229 | s271_| 5312 | 5354 | 5396 | 3438 | 548i [5523 | 5565 | 5008 | 5652 | 5695 2005 | 4707 | 4746 | 4784 | 4822 | 4862 | 4901 | 4940 [ 4979 | sois | 5058 | 5098 | 5138 2006 | 4225 | 4260 | 4296 | 4331 | 4368 | 4404 | 4440 | 4476 | 4513 | 4550 | 4587 | 4624 2007 | 3779 | 3812 | 3845 | 3878 | 3911 | 3945 | 3978 [ 4012 4080 [4114 | 4148 2008 | 3367 | 3398 | 3428 | 3459 [3490 | 3521 | 3552 [ 3583, 3646 | 3678 [ 3709 2009 | 2987 | 3015 | 3043 | 3072 [ 3100 | 3129 | 3158 [ 3187 3245 | 3274 [3304 2010 | 2636 | 2662 | 2688 | 2714 | 2741 | 2767 | 2794 [ 2821 | 2847 [ 2875 | 2902 | 2929 ois | 2311 | 2335 | 2359 | 2384 | 2408 | 2433 | 2458 [2482 | 2507 [ 2532 | 2558 | 2583 2012 | -2012 | 2034 [2057 | 2079 | 2102 | 2125 | 2148 [2171 | 2194 [2217 | 2241 | 2264 2013 | 1738 |_1759 | 1779 | 1800 | 1821 | 1843 | 1864 [ 1885 | 1907 | 1928 | 1950 | 1972 2014 | 1486 | 1505 _[ 1525 | 1544 | 1564 | 1584 | 1603 [ 1623 | 1643 [ 1663 [1683 | 1704 2015 [1255 [1273 | 1291 | 1309 | 1328 | 1346 | 1364 | 1383 | 1401 | 1420 | 1439 | 1457 2016 | 1043 | 1060 | 1077 [ 1094 [init | 1128 [ 114s | 1162 [1179 | 1196 [1214 [1231 2017 | 855 | 870 | 886 | 902 | 918 | 934 | 950 [ 966 | 982 [ 998 | 1015 | 1031 2018 | 666 | 681 | 695 | 710 | 725 | 739 | 754 [ 769 | 784 | 799 | 8i4 | 829 2019 | 499 | 512 | 526 | 539 [ 553 | 567 | 580 _[ 594 | 608 [622 | 636 | 651 2020 | 343 | 356 | 369 | 381 | 394 | 407 | 420 [ 433 | 446 [459 [7472 | 485 2021 | 199 | 210 | 222 | 234 | 246 | 258 | 270 | 282 | 294 | 306 | 319 | 331 2022 | 64 75 36 | 97 | 10s | 119 | 130 | 141 | 153 [ 164 | 176 | 187 2023 il ples 32 [2 42-2 [ cus ITT 8 4 Director of Insu®aice™ DIRECTOR Directorate of Insurance TGLI Dept, Hyderabad. ANNEXURE stl TELANGANA EMPLOYEES GROUP INSURANCE SCHEME TABLE OF BENEFITS Accumulated Saving Fund of one Unit Net Benefit of Maturity Value from 01-04-2024 to 30-09-2024 @ 7.1% Year! | por-24 | May-24| Jun-24] Jul-24| Aug-24| sep-24 Month aos4_| 34750 | 34966 | 35183|35399| 35619 | 35839 3985 _| 31917 | 32116 | 32316 | 32515] 32718 | 32921 1986 | 29350 | 29534 | 29718 | 29903] 30090 | 30278 1s87_| 27024 | 27195 | 27365 |27536| 27709 | 27883 Interest Rates 39a8_| 24918 | 25076 | 25234] 25392] 25552 | 25713 as pee 1989__| 23009 | 23156 | 23302|23449| 23598 | 23748 1990_| 21280 | 21416 | 21553] 21689| 21828 | 21967 04-11-1984] 31-10-1994] 10 1991_| 19713 | 19840 | 19968] 20095] 20224 | 20354 01-11-1994] 31-03-2000] 12 1992_| 18794 | 18413 | 18532] 18651| 18771 | 18892 01-04-2000] 31-03-2001] 11 3993__| 17008 | 17119 | 17231 [17342] 17455 | 17568 ‘01-08-2001 31-08-2002] 9.5 1994 15902 | 16006] 16110] 16216 | 16322 01-04-2002] 31-03-2004| 9 1995 14298 | 14392 [14487| 14583 | 14679 01-04-2004] 30-11-2011 8 1996 12872 | 12958] 13045] 13132 | 13220 01-12-2011] 31-03-2012 8.6 1997 11606 | 11684]11763] 11843 | 11923 01-04-2012 31-03-2013 8.8 1998 _| 10408 | 10480 | 10552|10624| 10698 | 10771, 01-04-2013] 31-03-2016] 8.7 1999_| 9414 | 9480 | 9547 | 9613 | 9680 | 9748 01-04-2016] 31-12-2016] 8.1 2000 | 8529 | 8590 | 865i | @712| 8774 | 8837 01-01-2017] 31-03-2017[ 8 2001_ [734 | 7730 | 7846 | 7903 | 7960 | 8017 01-04-2017] 30-06-2017| 7.9 2002_| 7010 | 7062 | 7114 | 7166 | 7219 | 7272 01-07-2017] 31-12-2017|_7.8 2003_| 6348 | 6396 | 6444 | 6492| 6541 | 6590 01-01-2018] 30-09-2018] 7.6 2004 | 5741 | 5785 | 5830 | 5874| 5920 | 5965 (01-10-2018 30-06-2019] 8 2005_|_sigi_| 5222 | 5263 | 5304| 5346 | 5388 01-07-2019 31-03-2020 _7.9 2006 | 4663 | 4701 | 4739 | 4777| asic | 4855 01-04-2020] 30-09-2024] 7.1 2007] 4185 | 4220 | 4255 | 491] 4327 | 4363 2008_|_3743_| 3776 | 3808 | 3841 | 3874 | 3908 2009 | 3335 | 3365 | 3395 | 3426| 3457 | 3487 2010_| 2958 | 2986 | 3014 [ 3042| 3071 | 3099 2011 _| 2610 | 2636 | 2662 | 2688 | 2714 | 2740 2012 _{ 2289 | 2313 | 2337 | 2361 | 2386 | 2410 2013 _[ 1995 | 2017 | 2039 | 2062 | 2084 [2107 2014_| 1725 | 1745 | 1766 | 1787| 1808 | 1829 2015_| 147 | 1496 | 1516 | 1535 | 1555 [ 1574 2016 | 1250 | 1267 | 1285 | 1303 | 1322 | 1340 2017_{ 1048 | 1065 | 1081 | 1098 1115 [1133 2018 | 845 | 861 _| 876 | 892 | 908 | 923 2019_| 665 709 | 723 | 738 2020 539 | 553_| 567 2021 381 | 394 | 407 2022 | 199 | 210 | 222 | 234 | 246 | 258 2023 | 64 | 75 | 86 | 97 | 108 | 119 2024 NTA RYO ko Director of Insurance > irate RECTOR irectorate of Insurance TGLI Dept, Hyderabad, ILLUSTRATION -1 GIS benefit payable to the employees on cessation from service Employee entry into services 11/1987. Exit from service Oct. 2023 [From 1171987 to 10/1994] — One unit from 11/1987 upto Se Rs.10 per month (1 units) 10/2023 = 1 x 26028 s From 11/1994 to 10/2004 Rs. 15 per month (1 units) em From 11/1996 to 10/2013 | 1 exira units from 11/1596 os Rs, 30 per month (Lunits) | upto 10/2023 = I x 12282 : From 11/2004 to 10/2013 | 2 extra units from 11/2004 ane Rs. 60 per month (Iyunits) | upto 10/ 2023 = 2x 5481 - From 11/2013 to 102023] 4 extra units from 11/2013 upto nae Rs. 120 per month (8 units) 10/2023 = 4.x 1864 é Net GIS benefit to the employee = 56,728 ILLUSTRATION -2 GIS benefit payable to the employees on cessation from service Employee entry into services 11/1988. Exit from service May. 2024, From 11/1988 to 10/1994 | One unit from 11/1988 upto aoe Rs.20 per month (2 units) 05/2024 =2 x 25076 rz From 11/1994 to 10/2004 Rs. 30 per month (2 units) more From 11/2005 to 10/2014 | extra units from 11/2005 Aue Rs. 60 per month (4 units) | _ upto 05/2024 = 2 x 5222 : From 11/2014 to 05/2024 | 4 extra units from 11/2014 upto am Rs. 120 per month (8 units) 05/2024 =4 x 1745 i | Net GIS benefit to the employee = 67,576 ILLUSTRATION -3 GIS benefit payable to the employees on cessation from service Employee entry into services 11/1990. Exit from service September, 2024. From 11/1990 to 10/1994 8 units from 11/90 till 1,75,736/- Rs.80 per month (8 units) 09/2024 = 8 x 21,967 From 11/1994 to 9/2024 Rs.120 per month (8 units) No extra units Nae TOTAL no of units and net GIS BENEFIT TO THE EMPLOYEE =| — 1,75,736/- [NGS ean ga DIRECTOR Directorate of Insurrhce ‘TGLI Dept., Hyderabad

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