Revised Rates of Monthly Deduction of Group Insurance 2021 AJ&K

Last Updated on August 6, 2021 by Galaxy World

Azad Government of the State of Jammu and Kashmir, Services & General Administration Department (Regulation) has issued a Notification on 13-04-2021 in connection with Revised Rates of Monthly Deduction of Group Insurance 2021 AJK. The details are as under:

Revised Rates of Monthly Deduction of Group Insurance 2021 AJK

 

In pursuance of recommendations of Boards of Trustees, Azad Jammu and Kashmir Employees Benevolent Fund and Group Insurance Trust (Gazetted) and in the exercise of the powers conferred under Section 23 of Azad Jammu & Kashmir Employees Benevolent Fund and Group Insurance Act, 1971, (Act, XVI of 1971), the Azad Government of the State of Jammu and Kashmir is pleased to accord approval that the following amendments shall be made in the Azad Jammu and Kashmir Employees Benevolent Fund and Group Insurance Rules, 1972:-

 In the aforesaid Rules, Rule 6 and Table-I notified vide Notification No. S&GAD/A-4(66) 2014, P-III January 11, 2018, shall be substituted and shall be deemed to have been so substituted from 21st day of December 2020 with the following:-

 

Rate of Monthly Contribution and sum assured

 

  • Every Gazetted employee shall pay the insurance fund, as a premium for the insurance of his life, the amount specified in column-3 in Table-I below.
  • The Sum assured as specified in column 4 of the table below, shall be paid, to the contributor(s) on attaining the age of superannuation or completion of qualifying service and in the case of in-service death of the employee as risk cover to his family, namely:-

 

1234
Sr. No.GradeMonthly Deduction (Rs.)Sum assured on retirement/death
1BS-161650/-550000/-
2BS-172250/-650000/-
3BPS-182650/-750000/-
4BS-192887/-850000/-
5BS-203300/-95000/-

Revised Rates of Monthly Deduction of Group Insurance 2021AJK

 

Special thanks to Mr. Muhammad Saleem for sending the copy of the Notification of monthly contribution and sum assured Azad Kashmir.

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