With Reference to Establishment Division, Federal Employees Benevolent & Group Insurance Funds, Office Memorandum No. 18-22/Act-Amdt/Plan/2013 dated 16th December 2013 & Cabinet Secretariat Establishment Division Notification No. 5/19/2012-Admn-III dated 4th December 2013 there has been made amendment in Federal Employees Benevolent & Group Insurance Rules 1972 wef 1st December 2013 and hence the Revised Rates of Group Insurance for FG Employees has been issued.
However the revised rates of Sum Assured on Death during service and Lump sum grant on Invalid Retirement shall be admissible to Non-Gazetted Federal Government Employees (BPS-01 to BPS-16) wef 01-07-2014 subject to receipt of contribution from the Finance Division at revised rates in respect of such employees. There has been made the following amendments in Rule 6(A) and 23 of the FEBF &GI Rules-1972.
The minimum rate of Sum Assured on death has been raised to Rs. 350,000/- with the maximum of Rs. 1,000,000/- as per column (4) of the Eighth Schedule (Annexure-A).
The minimum rate of Lump sum grant on invalid retirement has been raised to Rs. 150,000/- with the maximum of Rs. 390,000/- as per column 3 of Ninth Schedule (Annexure-B)
The rate of monthly contribution towards Group Insurance Fund has been raised as per column 3 of Eight Schedule (Annexure-A).
The Eighth Schedule (Group Insurance)
The rates of contribution to the Group Insurance Fund and amount of sum assured wef 1st December 2013 is as under:
|S/No||Monthly Basic Pay (Rs.)||Rate of Monthly Contribution|
|1||Up to 5,000||381|
|2||5,001 to 10,000||436|
|3||10,001 to 15,000||490|
|4||15,001 to 20,000||545|
|5||20,001 to 25,000||600|
|6||25,001 to 30,000||654|
|7||30,001 to 35,000||709|
|8||35,001 to 40,000||763|
|9||40,001 to 45,000||818|
|10||45,001 to 50,000||872|
|11||50,001 to 55,000||926|
|12||55,001 to 60,000||981|
|13||60,001 to 65,000||1.036|
|14||65,001 & Avove||1.090|
The Ninth Schedule Lump Sum Grant on Invalid Retirement
A Lump Sum Grant shall be paid to an Invalid Employee with effect from 01-12-2013 is as under:
|S/No||Pay Scales||Amount (Rs.)|
|1||BPS-01 to BPS-10 or equivalent||150,000|
|2||BPS-11 to BPS-16 or equivalent||210,000|
|3||BPS-17 to BPS-19 or equivalent||270,000|
|4||BPS-20 to BPS-22 or equivalent||390,000|
This post has been delivered by Mr. Amin Muhammad.