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

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