UBLIC SERVICES – Employees Welfare Scheme – Andhra Pradesh State Employees Group Insurance Scheme – 1984 –Rate of Interest existing @7.6% p.a to continue up to 30-09-2018 and revised rate @ 8 % p.a w.e.f 1st Oct 2018 to 31st Dec 2018 on Accumulated Savings Fund - Communication of Tables of Benefits for Savings Fund for the Period from 01-07-2018 to 31-12- 2018 – Revised Tables – Order–Issued. ……………………………………………
In the reference 1st read above, orders were issued introducing Group Insurance Scheme to
the State Government Employees in place of Family Benefit Scheme with effect from 01-11-1984
.according to Para 9 of the reference 1st read above, the accumulations of savings fund part and
insurance fund part shall carry interest for the rated prescribed by Government from time to time.
2. In the reference 2nd read above, orders were issued for apportioning the subscription the each
unit of Rs 10/- between Insurance fund and Savings fund in the ratio of Rs 3.125 paisa and Rs
6.875 paisa respectively.
3. In The reference 3rd above orders were issued for revision of rate of subscription each unit
from Rs.10/- to Rs.15/- with effect from 01-11-1994. The apportionment of the subscription of
each unit Rs.15/- between Insurance Fund and Savings Fund was fixed in the ratio of Rs.4.50/-
and Rs.10.50/- respectively with effect from 01-11-194. The amount of Insurance coverage will be
Rs.15,000/- for each unit of subscription.
4. The rate of interest on accumulations of Savings Fund of the Member of the Scheme and the
interest on the Insurance Fund from time to time is as follows:
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