Amendment in Azad Jammu & Kashmir Employees Benevolent Fund and Group Insurance Act 1972

Last Updated on April 15, 2021 by Galaxy World

Azad Government of the State of Jammu and Kashmir Services & General Administration Department has issued a Notification on 13-04-2021 in connection with Amendment in Azad Jammu & Kashmir Employees Benevolent Fund and Group Insurance Act 1972.

 

Amendment in Azad Jammu & Kashmir Employees Benevolent Fund and Group Insurance Act 1972

 

In pursuance of recommendations of Board of Trustees, Azad Jammu and Kashmir Employees Benevolent Fund and Group Insurance Trust (Gazetted) and in the exercise of 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 to accord approval that the following amendment shall be made in the Azad Kashmir and Kashmir Employees Benevolent Fund and Group Insurance Rules, 1972:-

 

  1. In the aforesaid rules, in clause (a) of Rule 14 after the words “Superannuation” the words “or on qualifying service” shall be added. The notification No. S&GAD/A-4/(66)/2014 Part-III dated 17th October 2018, shall stand repealed.
  2. Clause (c) of Rule 14 shall be substituted by the following:-

 

(c) Sum assured paid on Retirement or in case of death during service

 

If an employee dies during service or retire from service on completion of qualifying service or attaining the age of superannuation, the employee or family of assured as specified in column (4) of Table-I  (Gazzeted Employee) as mentioned in Rule 6, out of the Group Insurance.

Provided that sum assured shall be paid to the retired employee with the length of service as a gazetted officer (BPS-16 & above) according to the following percentage:-

 

Percentage of Sum Assured

 

  • In case of retirement during six years service ass a gazzated officer (BPS-16 & above), forty percent of the sum assured shall be paid to the retired employee.
  • In case of retirement during twelve years service ass a gazzated officer (BPS-16 & above), eighty percent of the sum assured shall be paid to the retired employee.
  • And In case of retirement after twelve years of service as a gazzated officer (BPS-16 & above), a hundred percent of the sum assured shall be paid to the retired employee.
  • If a Gazetted Officer (BPS-16 and above ) dies while in service, his family shall be entitled to receive the full amount of group insurance prescribed for his/her grade of pay from the group insurance fund.

The above amendments shall; take effect from21.12.2021

 

 

Amendment in Azad Jammu & Kashmir Employees Benevolent Fund and Group Insurance Act 1972

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