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
1 Govt. Employees Rs.500/-
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.

Visit: Insurance Website for more details

Related Downloads

Group Personal Accidental Insurance Scheme (GPAIS) -2020 HOT 

GPAIS Nomination Form [Form I] HOT 

GPAIS Deduction Schedule [Form II] HOT 
  Excel Format