APGLI Slab Rates 2023 or APGLI Monthly Premiums 2023 are released by the Finance Department on behalf of Andhra Pradesh State Government under APGLI Scheme for AP State Govt Employees.
Employees who are working in various departments in AP and who were enrolled in the AP Govt Life Insurance Scheme can check details and download the APGLI Slab Rates Govt Order from the official website, http://www.apgli.ap.gov.in/.
APGLI scheme means Andhra Pradesh State Government Life Insurance Scheme, is a life insurance program offered to government employees in the state of Andhra Pradesh, India. One important aspect of the scheme is the slab rates, which determine the premium amount that an individual has to pay for coverage.
The slab rates for APGLI are based on the employee’s salary, and are divided into different slabs or categories. The premium amount for each slab is different, and is determined by the government.
These slab rates are reviewed periodically and any changes are made accordingly under the AP PRC. The slab rate is based on the employee’s salary, and it ranges from 1.5% to 2.5% of the salary. The slab rate also depends on the age of the employee and the coverage amount.
For example, if an employee’s salary is between Rs. 13,000 and Rs. 16400, the slab rate would be 3.5% of their salary. This means that the employee would have to pay a premium of Rs. 500 per month for coverage.
On the other hand, if an employee’s salary is between Rs. 50,000 and Rs. 60,000, the slab rate would be 4% of their salary. This means that the employee would have to pay a premium of Rs. 2000 per month for coverage.
It’s important to note that these slab rates are only applicable for the government employees of Andhra Pradesh, and that the premium for the coverage amount and the slab rate can be paid through the salary deduction.
The slab rate also depends on the age of the employee and the coverage amount, it’s always recommended to check the different options available and choose the one that suits your needs.
It’s important for government employees of Andhra Pradesh to understand the slab rate and coverage amount options available to them and to choose the one that best suits their needs.
| Name of the rates | APGLI New Slab Rates 2023 |
|---|---|
| Title | Check the APGLI New Slab Rates 2023 |
| Subject | Govt of AP released Revised APGLI Slab Rates 2023 |
| Category | Policy details |
| Website | http://www.apgli.ap.gov.in/ |
AP GO.Ms.No.36 Released on 05-03-2016 for APGLI New Slab Rates and Maximum Insurable Age Enhanced. Compulsory Monthly Premiums details are provided here. Govt of AP, Public Services has issued a GO.Ms.No.36 for Enhancement of Age of superannuation from 58 to 60 years and introduction of AP Revised Scales of Pay 2015. For more details are available at http://www.apgli.ap.gov.in.
Enhancement of Maximum Insurable Age under APGLI Scheme from 53 years to 55 years and Revision of Rates of Compulsory Premium with reference to RPS, 2015. This GO. Ms.No.36 details as follows. Ceiling limit on the maximum premium payable to APGLI fund up to 20% of employees basic pay.
APGLI Slab Rates 2023 under RPS 2015
| Revised APGLI Slab Rates (Pay Slabs) | Monthly Premium (Rs.) |
|---|---|
| Pay from Rs.13000 to Rs.16400 | 500/- |
| Pay from Rs.16401 to Rs.21230 | 650/- |
| Pay from Rs.21231 to Rs.28940 | 850/- |
| Pay from Rs.28941 to Rs.35120 | 1150/- |
| Pay from Rs.35121 to Rs.49870 | 1400/- |
| Pay from Rs.49871 and above | 2000/- |
Details of APGLI Slab Rates Govt Order
GO.Ms.No.36, Dated: 05-03-2016: Govt of Andhra Pradesh, Public Services, Andhra Pradesh Government Life Insurance Scheme – Endowment Policies – Enhancement of Age of superannuation from 58 to 60 years and introduction of AP Revised Scales of Pay 2015.
Enhancement of Maximum Insurable Age under AP Government Life Insurance Scheme from (53) years to (55) years and Revision of Rates of Compulsory Premium with reference to Revised Pay Scales, 2015.
Under the existing rules, the Andhra Pradesh Government Life Insurance Department issues the Endowment Insurance Policies to the Government employees based on the maximum insurable age of 53 years and these policies will mature at the age of 58 years.
In the Government orders, GO Ms.No.368, dt:15.11.1994; GO Ms. No.423, dt:29.11.2005; GO Ms.No.231,dt:28.6.2010, the compulsory premium under the policy has been revised as and when the Revised Pay Scales were implemented to the State Government Employees based on the recommendations of the successive pay revision commissions and the existing rates are prescribed in the GO Ms.No.231, dt: 28.6.2010
In the reference GO Ms.No.147, dt:30.6.2014, the Government enhanced the age of superannuation of the State Government employees from (58) years to (60) years. In the GO Ms.No.46, Finance Department, dt:30-04-2015, the Government has issued orders introducing the Revised Scales of Pay 2015.
Consequent to enhancement of age of superannuation from (58) years to (60) years and introduction of the Revised Scales of Pay, 2015, the Director of Insurance, in his letter No.10/Genl/2014dt:11.08.14, of Director of Insurance, A.P., Hyderabad, has sent proposals for enhancement of the maximum Insurable age from 53 years to 55 years and to revise the rates of compulsory premium based on the Revised Scales applicable to various categories of employees.
The Government in the memo Govt. Memo.No.738/90/A1/Admin-II/2014, dt:26.12.2014, permitted the Director of Insurance to take necessary further action and submit detailed proposals after consulting the Actuary and the Accountant General, A&E, Andhra Pradesh.
Accordingly, the Director of Insurance has submitted necessary proposal in his letter Lr.No.26/Genl/2015 dt:06.08.2015 of Director of Insurance, AP, Hyderabad. After careful examination of the proposal of the Director of Insurance,
Government hereby order that the maximum Insurable age under the Andhra Pradesh Government Life Insurance Scheme be raised from 53 years to 55 years and the rates of compulsory premium under the scheme shall be revised as detailed below and accordingly issue the following instructions:
Instructions: a) All the employees shall increase their premium as per the revised rates specified above and submit requisite ‘Proposal Form’, after recovery of first premium from the salary at the revised rates and take an Insurance Policy from the Insurance Department. (b) Unless proposal form is submitted and policies are obtained, the employees will not get Insurance coverage for the enhanced premium paid.
(c) An employee who is already a subscriber of the Fund having Policy/ Policies, and is aged below (55) years can enhance the premium for additional policies. However, he should submit his application in the prescribed proforma before he actually attains the age of 55 years.
Under any circumstances proposal shall not be accepted if the applicant has already attained the age of 55 years on the date of submission of his application, not with standing the fact that the amount was already deducted in the monthly pay bills. Such amounts shall be treated as unauthorized amounts and refunded to the individual following the usual procedure.
d) An employee who is already a subscriber of the Fund but is aged above (55) years cannot increase the Premium for additional Policies. However, in respect of those employees, recovery shall continue at the existing rates of Premium for the existing policies till the original date of maturity of the said policies (Last Premium due).
e) The minimum term of Policy should be (5) years i.e., Maximum age at entry shall not be more than (55) years. (f) The ‘Sum Assured Table’ issued in the GO Ms.No.16, Finance Department, dt:17.2.2011 be replaced by a new table Annexed to this order. The Director of Insurance, Andhra Pradesh shall take necessary action in this regard.
g) The Sum Assured table Annexed to this order shall be reviewed at least once in every (5) years. The Director of Insurance, Andhra Pradesh shall take timely action in this regard. (h) Necessary amendments to the Andhra Pradesh Government Life Insurance Fund Rules shall be issued separately.
Guidelines: These orders shall come into force with effect from 01.04.2016 and the above revised premium rates shall be recovered from the pay of March, 2016, payable on 01.04.2016.
The Drawing and Disbursing Officers concerned are solely responsible for effecting the recovery of revised premium from all the eligible employees (i.e. who are below 55 years of age) from the pay of March, 2016 payable in April 2016 duly forwarding the requisite proposal forms and obtaining the requisite policies from the Insurance Department intact.
If the fixation is delayed for any reason, the premium shall be recovered only from the month of drawl of pay fixation arrears and in such case, no arrears of premium shall be collected. To ensure proper implementation of the Scheme, the HODs / DDOs are requested to follow the above instructions scrupulously.
The Director of Treasuries and Accounts, A.P., Hyderabad and the Director of Works Accounts, Andhra Pradesh shall issue suitable instructions to all the District Treasury Officers/Treasury Officers/ Pay & Accounts Officers under their control,
to ensure that the above revised premium rates with reference to new pay slabs are implemented from the pay of March, 2016 payable on 1.4.2016 and ensure cent percent coverage of eligible employees under Andhra Pradesh Government Life Insurance Scheme.
The District Treasuries and Sub-Treasuries / Pay & Accounts Officers (works), and the Pay and Accounts Officer, A.P., Hyderabad should verify the collection of premium as per the slab rates before passing the salary bills.
The Director of Insurance, Andhra Pradesh, shall ensure that policies are issued to all the subscribing employees expeditiously after the applications are received in his department duly following the normal procedure.
All the Departments of Secretariat / Heads of Departments are requested to issue suitable instructions to their subordinate offices to ensure that all eligible employees are brought under the Andhra Pradesh Government Life Insurance Scheme. Annexure to G.O.Ms.No.36 Fin (Admn. DI&IF) dept., dt: 05.03.2016 Endowment assurance policy maturing at the age of (60) years (with profits).
Table Showing The Sum Assured Under The Policy
| Age next birth day at entry in Years | Sum Assured Rs. |
|---|---|
| 21 | 401.70 |
| 22 | 381.91 |
| 23 | 363.04 |
| 24 | 345.06 |
| 25 | 327.91 |
| 26 | 311.55 |
| 27 | 295.95 |
| 28 | 281.06 |
| 29 | 266.85 |
| 30 | 253.30 |
| 31 | 240.36 |
| 32 | 228.02 |
| 33 | 216.23 |
| 34 | 204.96 |
| 35 | 194.20 |
| 36 | 183.91 |
| 37 | 174.06 |
| 38 | 164.62 |
| 39 | 155.58 |
| 40 | 146.90 |
| 41 | 138.55 |
| 42 | 130.52 |
| 43 | 122.78 |
| 44 | 115.29 |
| 45 | 108.05 |
| 46 | 101.01 |
| 47 | 94.15 |
| 48 | 87.44 |
| 49 | 80.86 |
| 50 | 74.36 |
| 51 | 67.91 |
| 52 | 61.45 |
| 53 | 54.94 |
| 54 | 48.32 |
| 55 | 41.50 |
AP PRC 2010 APGLI Slab Rates
| Existing Slab Rates (Pay Slabs) | Monthly Premium (Rs.) |
|---|---|
| Pay from Rs.6700 to Rs.8440 | 250/- |
| Pay from Rs.8441 to Rs.10900 | 350/- |
| Pay from Rs.10901 to Rs.14860 | 450/- |
| Pay from Rs.14861 to Rs.18030 | 600/- |
| Pay from Rs.18031 to Rs.25600 | 750/- |
| Pay from Rs.25601and above | 1000/- |
What are slab rates in APGLI?
Slab rates in APGLI scheme are the different categories based on the employee's salary that determine the premium amount that an individual has to pay for coverage (see the above slab rates as per the AP PRC 2015).
How are slab rates determined in APGLI?
Slab rates in APGLI scheme are determined by the government, and they are based on the employee's salary. The slab rate ranges would be from 3.5% to 4% of the salary.
Are slab rates for APGLI the same for all employees?
No, slab rates for APGLI vary based on the employee's salary and are divided into different slabs or categories.
How often are slab rates reviewed in APGLI?
Slab rates for APGLI are reviewed periodically, and any changes are made accordingly as Andhra Pradesh Revision of Pay Scales (AP RPS).
How do I know which slab rate I fall under in APGLI?
Your slab rate in APGLI will be determined by your salary, and you can check the slab rate chart provided by the government.
Can I change my slab rate in APGLI?
No, once you are enrolled in a particular slab rate, you can't change it. But you can able to enhance the premium amount as per your salary and age.
How is the premium for APGLI slab rates paid?
The premium for the coverage amount and the slab rate can be paid through the salary deduction.
Is APGLI slab rates applicable only for government employees of Andhra Pradesh?
Yes, the slab rates for APGLI are only applicable for government employees of Andhra Pradesh.
Are there any other options available for the coverage amount and slab rate?
Yes, the slab rate also depends on the age of the employee and the coverage amount, it's always recommended to check the different options available and choose the one that suits your needs.
My date of birth is 02-12-1972. Recently government released GO on APGLI to GVMC and VMC employees. How much is deduct from my salary? Is there any possibility to enhance the amount? Pl.reply
Premium would be deducted from your salary as per the APGLI Slabs. You have a chance and possibility to enhance the premium from your salary. You should give an application to bill in Charge for enhancement of APGLI Information.