Tuesday, October 18, 2022

GO 198 Dt:18.10.2022 APGLI Revised Rates 2022 AP PRC 2022 APGLI New Rules



 PUBLIC SERVICES - APGLI-Enhancement of age of maturity from 60 to 62 years­ Issue of revised sum assured rates for endowment life insurance policy with maturity age 62 years - Revised compulsory deduction rates as per latest Revised pay scale-2022 slabs-increase of insurable age from 55 to 57- Revision of voluntary subscription limit-Orders issued. APGLI Revised Rates 2022 AP PRC 2022 APGL Rates GO 198 APGLI New Rules


APGLI Revised Rates 2022 AP PRC 2022 APGL Rates GO 198 APGLI New Rules

FINANCE (ADMN-ill-DI,DSA) DEPARTMENT 

G.O.Ms.No.198 Dated:18.10.2022

Read the Following:-
1. G.O.Ms.No.36 Finance (ADMN.-DI & DF) Department, Dated:05- 03-2016.
2. G.O.Ms.No.15. Finance (HR.IV,FR&LR)Department, Dated: 31-01-2022.
3. G.O.Ms.No.01. Finance (PC-TA) Department, dated:17-01-2022.
4. G.O.Ms.No.423 Finance (ADMN.II) Department, Dated: 29-11-2005.
5. G.O.Ms.No.231 Finance (ADMN.II) Department, Dated: 28-06-2010.
6. G.O.Ms.No.46 Finance (ADMN.II) Department, Dated: 30-04-2015.
7. G.O.Ms.No.26, Finance & Planning (FW.Admn-TI) Dept., dated 22.02.1995.
8. G.O.Ms. No. 86, Fin. (Admn.III) Dept, Dt.12-10-2020
9. G.O.Ms. No. 88, Fin. (Admn.III) Dept, Dt. 16-10-2020.
10. e-file.No.FIN04-38/84/2022-GENERAL SEC-DOID of Director of Insurance, A.P.

Latest APGLI Revised Subscription Rates in AP PRC 2022 

Below Table shows the APGLI Andhra Pradesh Government Life Insurance Subscription rates 

Govt of AP has enhanced the APGLI subscription Rates as per AP PRC 2022. At the same time the APGLI Subscription Rules has been modified w.e.f. 1.11.2022

Revised Slab Rates (RPS-2022)

Revised compulsory monthly Premium from 1.11.2022 in AP PRC 2022

Pay from Rs.20000 to Rs.25220

800/-

Pay from Rs.25221 to Rs.32670

1000/-

Pay from Rs.32671 to Rs.44570

1300/-

Pay from Rs.44571 to Rs.54060

1800/-

Pay from Rs.54061 to Rs.76730

2200/-

Pay from Rs.73761 iand above

3000/-


As per the current norms, the Andhra Pradesh Government Life Insurance Department issues endowment insurance policies to government employees based on the maximum insured age of 55 years and these policies mature at the insured age of 60 years. In the fourth to sixth Government Orders read above, the compulsory premium rates were revised under the policy and the revised pay scales were implemented based on the recommendations of the Pay Revision Commission respectively for the State Government employees including Public Transport Department and the existing rates were prescribed in the G.O. Read above.

2. In reference 2 read above, the Government has increased the retirement age of State Government employees from (60) years to (62) years.

3. In reference 3 read above, the Government has issued orders introducing the Revised Pay Scales 2022.

4. As a result of increase in retirement age from (60) years to (62) years and introduction of revised pay scales 2022. Director of Insurance A.P. in Reference No. 0 read above. It has sent proposals to increase the maximum insurance age from 55 years to 57 years and to revise the slab rates under RPS 2022 along with the table of total assurance applicable to various categories of employees.

5. After careful consideration of the proposal by the Director of Insurance. A.P. The Government hereby directs that the maximum insured age under the Andhra Pradesh Government Life Insurance Scheme be increased from 55 years to 57 years and the compulsory premium rates under the scheme shall be revised as detailed below and accordingly issue the following instructions

Existing Slab Rates (RPS -2015)

Existing Compulsory monthly Premium

Revised Slab Rates (RPS-2022)

Revised Compulsory Monthly Premium

Pay from Rs.13000 to Rs.16400

500/-

Pay from Rs.20000 to Rs.25220

800/-

Pay from Rs.16401 to Rs.21230

650/-

Pay from Rs.25221 to Rs.32670

1000/-

Pay from Rs.21231 to Rs.28940

850/-

Pay from Rs.32671 to Rs.44570

1300/-

Pay from Rs.28941 to Rs.35120

1150/-

Pay from Rs.44571 to Rs.54060

1800/-

Pay from Rs.35121 to Rs.49870

1400/-

Pay from Rs.54061 to Rs.76730

2200/-

Pay from R.s.49871
and above

2000/-

Pay from Rs.73761 and above

3000/-


Key Changes in APGLI Subscription Rules 2022


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