TS: Group Insurance Scheme-1984-Revised
Rates of Interest on accumulated savings fund-Revised Table of Benefits
Public Services- Employees Welfare
Scheme-Telangana State Government Employees Group Insurance Scheme-1984-Revised
Rates of Interest on accumulated savings fund-Revised Table of Benefits for the
period from 01.10.2020 to 31.03.2021 - Orders - Issued.
G.O.Ms.No. 117 Dated: 16-11-2021
In the reference 7th read above, the
Government of India have announced the rate of interest on accumulations at the
credit of subscribers to the GPF and other similar funds shall be 7.1% for the
period from 01.10.2020 to 31.03.2021.
2. In the reference 8th read above,
Government have adopted the above rate of interest @ 7.1% per annum for the
period from 01.10.2020 to 31.03.2021 on the Provident Fund and other similar
Funds i.e., Telangana Government Life Insurance Fund maintained by the
Government of Telangana on par with rates of Government of India. Accordingly,
in the reference 9th read above, the Director of Insurance has furnished the
table of benefits applicable for the period from 1st October, 2020
to 31st March, 2021 for consideration and approval.
3. Government, after careful examination
of the proposal of the Director of Insurance, Telangana, Hyderabad, hereby
order that, in supersession of the Orders issued in the reference 6th read
above, the Revised Rates of Interest on the Telangana Group Insurance Saving
Funds shall be allowed @ 7.1 % per Annum from 01.10.2020 to 31.03.2021.
4. The Director of Insurance, Telangana,
Hyderabad shall issue the revised
Tables for the period covering from 01.10.2020 to 31.03.2021 and take necessary further action in the matter accordingly.
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