TSGLI Slab Rates 2023 or TSGLI Monthly Premiums 2023 are released by the Finance Department on behalf of Telangana State Government under TSGLI Scheme for Telangana State Govt Employees.
Employees who are working in various departments in Telangana and who were enrolled in the TS Govt Life Insurance Scheme can check details and download the TSGLI Slab Rates Govt Order from the official website, http://tsgli.telangana.gov.in/.
The Telangana State Government Life Insurance (TSGLI) scheme is a government-run insurance program that provides financial assistance to eligible Government Employees in the event of accidental death or permanent disability.
TSGLI Monthly Premiums
TSGLI scheme is a life insurance program offered to government employees in the state of Telangana. One important aspect of the scheme is the slab rates or monthly premiums, which determine the premium amount that an individual has to pay for coverage.
The slab rates for GLI Telangana 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 payment of monthly premiums are reviewed periodically and any changes are made accordingly under the Telangana 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 Telangana government employees, 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 Telangana 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 Telangana government employees 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||TSGLI New Slab Rates 2023|
|Title||Check the TSGLI New Slab Rates 2023|
|Subject||Govt of Telangana released Revised TSGLI Slab Rates 2023|
TSGLI Slab Rates 2023
TSGLI Monthly Premiums, TS GO.93 belongs to TSGLI New Slab Rates in the present TS PRC at http://tsgli.telangana.gov.in. TS Employees can check details and Download the TSGLI New Slab Rates of GO.93, TSGLI New Monthly premiums, TSGLI Deductions and TSGLI Enhanced Deductions from here.
|Pay Slabs in RPS 2020||Monthly Premium Rs.|
|Pay from Rs.19000 to Rs.24280||750.00|
|Pay from Rs.24281 to Rs.31040||1000.00|
|Pay from Rs.31041 to Rs.42300||1250.00|
|Pay from Rs.42301 to Rs.51320||1700.00|
|Pay from Rs.51321 to Rs.71000||2000.00|
|Pay from Rs.71001 to Rs.162070||3000.00|
Introduction for TSGLI: The TSGLI Department is one of the oldest departments in the State. The Scheme was originally started in 1907 by the Nizam of erstwhile State of Hyderabad for the welfare of his employees. A Management Committee used to run the scheme initially in the name of Family Pension Fund. Later the scheme was renamed as Hyderabad State Life Insurance Fund in the year 1913.
After formation of Andhra Pradesh state in 1956, the scheme was changed as Andhra Pradesh Government Life Insurance Fund (A.P.G.L.I.F). The first Managing Committee meeting after formation of Andhra Pradesh State consisting of 4 members, one Secretary and a President was held on 25-9-1957 and Sri Bejawada. Gopala Reddy, the then Honorable Finance Minister was President of the meeting.
A.P.G.L.I Scheme is a Social Security Measure for the welfare of the Government employees and is mandatory for all Government employees and provincialized Local Body employees. APGLI Department is under the Administrative Control of Finance Department.
Salient Features of TSGLI
- The Government employees who are between 21 and 53 years of age are eligible for taking TSGLI Policies.
- The TSGLI Department issues only Endowment Policies which mature one day before attaining (58) years of age.
- TSGLI policies do not lapse.
- The Premium rates are low.
- TSGLI Premium is exempted from income tax under section 80C. Attractive Bonus rates.
- The present rate of Bonus is Rs 100/- for every Rs 1000/- Sum Assured per annum.
- The Loans are sanctioned up to 90% of Surrender Value.
- Only Simple Interest of 9% per annum is charged against loans sanctioned.
- In case of maturity of the policy, the total Sum Assured and Bonus till Date of Maturity are paid to the policyholder.
- If the Policy Holder ceases to be Government servant and decides to surrender the policy by discontinuing the payment of premium, the subscriber will be paid the Surrender Value and the eligible Bonus.
- In the case of Death of policyholder before the maturity of the policy, the full Sum Assured along with Bonus till the date of death is paid to the legal
BIFURCATION: After the formation of TELANGANA STATE in 2014, the scheme name has been changed as TELANGANA STATE GOVERNMENT LIFE INSURANCE. As per G.O.RT No.321 Dated 14.08.2014 the Administration of engineering and maintenance of Departmental AIMS Package application has been started from September-2014. TSGLI Slab Rates and Monthly Premiums are provided here.
REVISED SLAB RATES IN PRC 2015: On implementation of Revised Scales of Pay- 2015 to the State Government Employees Govt of Telangana issued G.O.Ms.No.25, Finance (HRM.IV) Department, Dt.18.03.2015, As a reference of the above G.O, it has become necessary to revise the slab rates of premium towards Telangana Government Life Insurance Scheme with reference to the pay drawn by them.
The Director of Insurance, Telangana State, Hyderabad has requested to revise the premium towards Telangana State Government employees by the Lr.No.10/Genl/PRC/2014-15, Dt.26.03.2015
After careful consideration of the proposal of the Director of Insurance, Government decided to revise the Pay Slabs along with corresponding monthly premium with reference to the Revised Pay Scales- 2015 towards Telangana Government Life Insurance Scheme. For the implementation of revised slab rates of premium, TELANGANA STATE Government has been issued a GO MS.No.49. Dated: 27.04.2015.
As per G.O.MS.No. 49. Dated: 27.04.2015. Government hereby revise the Pay Slabs along with corresponding monthly premium with reference to the Revised Pay Scales- 2015 towards Telangana Government Life Insurance Scheme for implementation are specified below :
TS PRC 2010 TSGLI Slab Rate and Monthly Premiums
|Pay Slabs in RPS-2010||Monthly Premium Rs.|
|Pay from Rs.6700 to Rs.8440||250-00|
|Pay from Rs.8441 to Rs.10900||350-00|
|Pay from Rs.10901 to Rs.14860||450-00|
|Pay from Rs.14861 to Rs.18030||600-00|
|Pay from Rs.18031 to Rs.25600||750-00|
|Pay from Rs.25601 and above||1000-00|
TS PRC 2015 TSGLI Slab Rate and Monthly Premiums
|Pay Slabs in RPS-2015||Monthly Premium Rs.|
|Pay from Rs.13000 to Rs.16400||500.00|
|Pay from Rs.16401 to Rs.21230||650.00|
|Pay from Rs.21231 to Rs.28940||850.00|
|Pay from Rs.28941 to Rs.35120||1150.00|
|Pay from Rs.35121 to Rs.48600||1400.00|
|Pay from Rs.48601 and above||2000.00|
The above revised premium rates shall be effected from the pay of June- 2015 payable on 01.07.2015.
INSTRUCTIONS TO EMPLOYEES: All the employees must increase their premiums according to the revised rates specified above and also submit requisite proposal form after recovery of first revised premium from the salary and take Insurance Policy according to the revised premium from the Insurance Department.
Whenever the premium is enhanced, the proposal form has to be submitted and additional policies have to be obtained. Unless the proposal form is submitted and policies obtained, the employees will not get Insurance coverage for the premium paid.
ELIGIBLE AGE FOR ENHANCEMENT OF TSGLI PREMIUM: State Government Employees who are above 20 below 53 years of age are eligible to enhance the Premiums from the pay of June- 2015 duly forwarding the requisite proposal forms and obtaining the requisite policies from the Insurance Department.
RESPONSIBILITIES OF DDO’s: The Drawing and Disbursing Officers concerned are solely responsible for effecting the recovery of revised premium from all the eligible employees from June-2015 salary payable on 1st July 2015. NOTE: If the fixation is delayed for any reason, the premium shall be revised from the month of drawal of pay fixation arrears. In such cases, no arrears of premium shall be collected.
What are slab rates in TSGLI?
Slab rates in TSGLI 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 Telangana PRC 2020).
How are slab rates determined in TSGLI?
Slab rates in TSGLI scheme are determined by the government, and they are based on the Telangana employee's salary. The slab rate ranges would be from 3.5% to 4% of the salary.
Are slab rates for TSGLI the same for all employees?
No, slab rates for TSGLI vary based on the employee's salary and are divided into different slabs or categories.
How often are slab rates reviewed in TSGLI?
Slab rates for TSGLI are reviewed periodically, and any changes are made accordingly as Telangana State Revision of Pay Scales (AP RPS).
How do I know which slab rate I fall under in TSGLI?
Your slab rate in Telangana GLI 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 TSGLI?
No, once you are enrolled in a particular slab rate of Telangana GLI Scheme, 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 TSGLI slab rates paid?
The premium for the coverage amount and the slab rate of Telangana GLI can be paid through the salary deduction.
Is TSGLI slab rates applicable only for Telangana government employees?
Yes, the slab rates for TSGLI are only applicable for government employees of Telangana State.
Are there any other options available for the coverage amount and slab rate?
Yes, the slab rate also depends on the age of the Telangana employee and the coverage amount, it's always recommended to check the different options available and choose the one that suits your needs.