Andhra Pradesh State Employees Group Insurance Scheme – 1984 – Revised Rate of Interest
In continuation of the this Department letter 8th cited, I am to inform
that 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 at the rates prescribed by Government from time to time.
2. In the reference 2nd read above, orders were issued for apportioning
the subscription of each unit of Rs.10/- between Insurance Fund and Savings Fund
in the ratio of Rs.3.125/- and Rs.6.875/- respectively.
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