Group Insurance Scheme

Group Insurance Scheme was introduced for Government employees w.e.f. 01.03.1974 vide Finance Department Resolution No. 2594/F; dt 25.01.1974. 

Initially, it was an optional scheme but made compulsory for all Government employees vide Finance Department Resolution No. 19043/F; dt. 15.04.1976, with a view to provide some financial benefit to the family for the un-timely death of a Government employee while in service.

The benefit of the scheme introduced as social security measure to Government employees was further extended to the employees of the Aided Non-Government Educational Institutions, Four Universities, Board of Secondary Education, Odisha, Cuttack and to the Council of Higher Secondary Education, Odisha, Bhubaneswar vide Finance Department Office Memorandum No. 27085/F; dt. 31.05.1978.

The benefit of the scheme was further extended to the employees of Urban Local Bodies (Municipal Council and Municipal Corporations/ Municipalities/NACs etc.) w.e.f. 01.04.1981 and to the Teachers of Zilla Parishad appointed under regular establishment w.e.f. 29.08.2011 vide Finance Department Resolution No. 25370/F; dt. 05.06.1981 and Office Memorandum No. 37750/F; dt.29.08.2011 respectively.

Later, Government also decided that the benefits of the Group Insurance Scheme introduced by Government will be applicable to appointments made under Sub-Rule (2) of Rule(5) of the Odisha Group ‘C’ and Group ‘D’ posts (Contractual appointment) Rules, 2013 vide Finance Department Resolution No. 30669 Dt.01.12.2015.

About the scheme

Quantum of one time refundable  deposit during entry into service (to be realised from the employee) 

  • ₹7,500 ₹20,000 (Grade pay upto 4800)
  • ₹12,000 ₹30,000 (Grade pay 5400 & above)

Sun assured under GIS in case of death while in service :

  • 1,50,000 ₹4,00,000 (Grade pay upto 4800)
  • 2,50,000 ₹6,00,000 (Grade pay 5400 & above)
Amount of financial assistance for performance of obsequies: 
  • ₹5,000 ₹10,000
On retirement / resignation, only the deposited amount will be refunded to the employee. 

CIRCULARS
  1387 Dt.21.01.2023 : Comprehensive Guidelines for GIS

28557 Dt.08.10.2021 : Quantum of one time deposit (Revised) in GIS

34360 Dt.05.08.2011 : Simplification of procedure for deposit and payments

41803 Dt.23.09.2011 : Quantum of one time deposit (Revised) in GIS  ---

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Relevant circulars : Group Insurance Scheme

Category ⇅ Letter ⇅ Date ⇅ Subject ⇅ Level ⇅
FDOM. 1387 12.01.2023 Comprehensive Guideline for implementation of Group Insurance Scheme in the State GIS
FDOM. 32458 23.11.2021 Issue of correction slip under Demand No.-5-8443-Civil Deposits GIS
FDOM. 28557 08.10.2021 Group Insurance Scheme for Government Employees, Employees of aided Non-Government Educational Institutions, State Government Universities and Educational Institutions and Urban Local Bodies GIS
FDOM. 25755 30.07.2019 Clarification regarding Payment of assured sum under GIS to the legal heirs of a employee declared Civil Death. GIS
FDOM. 24658 22.08.2017 Implementation of Group Insurance Scheme for employees appointed as per Odisha Group-‘B’ posts (Contractual Appointment) Rules, 2013 GIS
FDOM. 30669 01.12.2015 Implementation of Group Insurance Scheme for employee appointed as per Odisha Group–‘C’ and Group-‘D’ posts (Contractual Appointment) Rules, 2013 GIS
FDOM. 1575 13.01.2012 Extension of Group Insurance Scheme benefit to Central Government Employees who are promoted from the cadre of State Government employees GIS
FDOM. 47815 15.11.2011 Clarification of proposal for issue of GIS Pass Book on sanction of death claim in favour of legal heir of the deceased employee GIS
FDOM. 41803 23.09.2011 Group Insurance Scheme for Government Employees, Employees of aided Non-Government Educational Institutions, Board of Secondary Education, Odisha, Cuttack, Council of Higher Secondary Education Odisha GIS
FDOM. 37750 29.08.2011 Extension of Group Insurance Scheme benefits to the teachers appointed under Zilla Parishads GIS
FDOM. 34360 05.08.2011 Simplification of procedure of deposits and payments under Group Insurance Scheme for the Employees of aided Non-Govt. Educational Institutions, Board of Secondary Education, Orissa, GIS
FDOM. 19307 26.04.2011 Simplification of procedure of deposits and payments under Group Insurance Scheme for Government Employees GIS
FDOM. 44674 16.11.2007 Deposit of premium in favour ofthe employees underGISand sanction of assured sum tothe legalheir(s)of the deceased employees for premature death ofthe employees while in service GIS
FDOM. 50883 20.12.1999 AMENDMENT - Group Insurance Scheme Pass Book GIS
FDOM. 50885 20.12.1999 AMENDMENT - Accounting Procedure relating to Group Insurance Scheme for Government employees GIS
FDOM. 2293 31.05.1999 Audit of accounts of Aided Educational Institutions guidelines GIS
FDOM. 21859 13.05.1999 Relaxation in sending the death claim proposal under Group Insurance Scheme GIS
FDOM. 8754 09.05.1999 Group Insurance Scheme for Government Employees GIS
FDOM. 16015 03.04.1999 Group Insurance Scheme for Government Employees-Procedure thereof GIS
FDOM. 48066 02.12.1997 Sum assured under the G.I.S.is interlinked with the amount of premium deposited under the G.I.S.before the death of the employee vis-à-vis short deposit of G.I.S.premium GIS
FDOM. 14251 16.04.1994 Group Insurance Scheme for the Employees of Urban Local Bodies (Municipalities and N.A.Cs) GIS
FDOM. 42944 10.08.1987 Group Insurance Scheme for Government employees GIS
FDOM. 19043 15.04.1976 Group Insurance Scheme for the Government employees GIS
FDOM. 2594 25.01.1974 Group Insurance Scheme for the Government employee GIS

1 comment:

aditya said...

Kindly add Finance Department Resolution No. 1387/F, date 12.01.2023.