THE STATE GOVERNMENT EMPLOYEE’S GROUP INSURANCE SCHEME, 1982

The State Government Employee’s Group Insurance Scheme 1982 has come into force with effect from 1st May, 1982. The scheme was made applicable to all employees who were in Government Service on 1st May, 1982 or entered after that date and is mandatory. The scheme is intended to provide the State Government Employees twin benefits of insurance cover to help their families in the event of death in the service and lump sum payment to augment their resources on retirement (at a low cost and on wholly contributory and self-financing basis).

The benefits of saving fund under the State Government Employee’s Group Insurance Scheme 1982 to the retired state government employee or to the deceased employee’s heir depends upon that state government employee’s class at the time of his enrollment under the scheme, the change in his class due to promotion, class at the time of end of the service, his deposits under the saving fund & duration of the membership. The benefits of insurance fund is related to the class at the time of death of an employee.