TS GO 112, Group Insurance Scheme (GIS) 1984, Telangana Employees Welfare Scheme Communication of Tables of Benefits for Saving Fund of GIS. GO Ms No.112 Dt:22.08.2015 GIS Table for Calculating the benefits of GIS Savings Fund for the period of 01/04/2015 to 31/03/2016. The GO 112 the revised GIS table up to 31/03/2015. The GIS GO 112 has been issued by the Finance (Admn.I) Department, The complete GIS revised table is as follows.
In the reference G.O.Ms.No.312, Finance & Planning(FW.Admn.II) Dept., dated : 06.11.1984. Orders were issued for apportioning the Subscription of each unit of Rs. 10/- between Insurance Fund and Savings Fund in the Ratio of Rs. 3.125/-and Rs. 6.875/- respectively.
In terms of the Recommendation of the Committee constituted to Review the working of the Employees Group Insurance Scheme in Government Orders G.O.Ms.No.367, Finance&Planning(FW.Admn.II) Dept., dated : 15.11.1994, orders were issued for Revision of Rate of Subscription each unit from Rs. 10/- to Rs. 15/- with effect from 01.11.1994. For fixing the Interest on the Accumulations of the Savings Fund of the Member of the Scheme for the State as a whole and shall be paid at the Rate of 12 % per Annum compounded Quarterly with effect from 01.11.1994. Further, in the Government Orders G.O.Ms.No.382, Finance & Planning(FW.Admn.II) Dept., dated : 05.12.1994. read above, the Apportionment of the Subscription of each unit Rs. 15/- between Insurance Fund and Savings Fund was fixed in the Ratio of 4.50/- and Rs. 10.50/- respectively with effect from 01.11.1994. The Amount of Insurance coverage will be Rs. 15,000/- for each unit of Subscription.
The Rate of Interest on Accumulations of Savings Fund GIS the Interest on the Insurance Fund from time to time is as follows as shown in the table.
Financial Year | Rate of Interest | Government Order |
---|---|---|
11 / 1984 To 10 / 1994 | 10 % | G. O. Ms. No. 293, Finance Planning (FW. Accts.II) Department, dated : 08.10.1984 |
11 / 1994 To 03 / 2000 | 12 % | G. O. Ms. No. 381, Finance Planning (FW.Admn.II) Department, dated : 05.12.1994 |
01.04.2000 To 31.03.2001 | 11 % | G. O. Ms. No. 63, Finance Planning (FW.Pen.II) Department, dated : 06.06.2000 |
01.04.2001 To 31.03.2002 | 9.5 % | G. O. Ms. No. 345, Finance Planning (FW.Pen.II) Department, dated : 07.07.2001 |
01.04.2002 To 31.10.2004 | 9 % | G. O. Ms. No. 703, Finance Planning (FW.Pen.II) Department, dated : 19.07.2002 |
01.11.2004 To 30.11.2011 | 8 % | G. O. Ms. No. 625, Finance Planning (FW.Pen.II) Department, dated : 02.09.2004 |
01.12.2011 To 31.03.2012 | 8.6 % | G. O. Rt. No. 2425, Finance (Pen.II) Department, dated:10.05.2012 |
01.04.2012 To 31.03.2013 | 8.8 % | G. O. Rt. No. 2735, Finance (Pen.II) Department, dated:16.06.2012 |
01.04.2013 To 31.03.2014 | 8.7 % | G. O. Rt. No. 2142, Finance (Pen.II) Department, dated:30.04-2013 |
01.04.2014 To 31.03.2015 | 8.7 % | G. O. Rt. No. 90, Finance (Admn.II) Department, dated:01.05.2014 |
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