GIS INTEREST G.O

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 01-11-1994. The amount of Insurance coverage

will be Rs.15,000/- for each unit of subscription.

G.O COPY

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