Group Personal Accidental Insurance Scheme 2020 - Renewal Orders Issued
Vide GO(P)No.159/2019/Fin Dated 18/11/2019, Govt have issued order for the renewal of Group Personal Accidental Insurance scheme (GPAIS) for the year 2020. Policy amount is Ten lakhs same as in the previous year. However the rate of premium has been enhanced as shown below.
|Sl. No.||Employee / Firm||Premium Rate|
|2||India Reserve Battalion Commando||Rs.800/-|
|3||Employees of Autonomous Bodies/ Universities/ PSU/ Co-operative Firm etc||Rs.500/- + GST 18%|
|4||SLR Employees||Rs.500/- + GST 18%|
|5||KSEB||Rs.850/- + GST 18%|
|6||KSRTC||Rs.600/- + GST 18%|
The premium has to be deducted in the November Salary bill and remited to the treasury in the head 8658-102-88-Suspense Account GPAI Fund before 31-12-2019. GST has to be remitted directly by the Office.
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