GIS RATE OF INTEREST@7.9 Latest G.O

In the reference 1st read above, orders were issued for 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.

3. In terms of the recommendation of the Committee constituted to review the

working of the Andhra Pradesh State Employees Group Insurance Scheme in

Government orders 3rd Read above, orders were issued for revision of rate