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DOWNLADO APGLI ANNUAL ACCOUT SLIPS
Issue of Policies
After derivation of first Top notch, the worker needs to top off and present a proposition structure properly marked and confirmed by his/her DDO/Head of office for getting APGLI strategy. The proposal form must include the employee’s name, designation, office name, employee ID number, Adhar number, mobile number, father’s name, date of birth, nominee’s name, and policy number (in the event of an enhanced policy), basic pay, increased premium amount, and month and year of increase (G.O.Ms. Fin. No. 124, Admn. II) Section, Dt. 24.05.13) Only premium payments made without submitting a proposal form will not provide the subscriber with any risk coverage or financial benefit, and these payments will be considered unauthorized and will be refunded upon application without interest or bonus.
– The APGLI approaches don’t lapse.(This implies whenever strategy is taken the arrangement holder needs to proceed with premium until development and there is no arrangement to stop). Under Section 80C, the APGLI Premium is exempt from income tax, and the policyholder receives the entire Sum Assured and Bonus up to the Date of Maturity upon maturity. The subscriber will receive the Surrender Value and the eligible Bonus if the Policy Holder ceases to be a government servant and decides to surrender the policy by ceasing to pay premiums. In the event of a policyholder’s death prior to the policy’s maturity, the legal heirs receive the entire Sum Assured and Bonus up to the date of death.
The District Insurance Officer will approve loans from A.P.G.L.I. The loan can be approved for up to 90% of the surrender value and must be paid back in 12 equal monthly installments, with a maximum of 48. The maximum amount for home loans EMI is permitted to 60. A Straightforward premium will be charged on the credits progressed at the pace of 1% well beyond GPF loan cost After Head just, interest will be recuperated in at least one portions not surpassing (10) regularly scheduled payments according to the Derivation Orders (Govt. Memorandum Circular No. 707/119/A2/Admin. II/2013) Determine the amount of accrued interest that must be deducted from the subscriber’s monthly payment (Private Loan minus Interest) at the time of loan approval. G.O.Ms. No. 74 Money (Admn. II) Section, dt: 18.6.2015. According to the G.O.Ms, no loan in excess of Rs. 1000/- shall be granted. Dated May 15, 1996, No. 160 Fin & Plg (FW Admn-II) Dept.
The following documents are required: a loan application that has been completed accurately and signed by the DDO (containing information about the employee’s name, designation, office name, employee ID number, adhar number, mobile number, father’s name, date of birth, and policy number); a scanned copy of the first page of the bank pass book.
