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GPAI Scheme-Renewal for the year 2016

Government have renewed the Group Personal Accident Insurance Policy for the period from 01/01/2016 to 31/12/2016.The annual premium will be deducted from the salary of November drawn in December
There will be no change in the rate of premium and the sum assured
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Annul Premium

KSEB         Rs. 750/-
KSRTC      Rs. 450/-
Others        Rs. 300/-
Assured sum :  10 Lakhs.

Procedure for remittance of Premium for GPAIS 2015
 i) The Drawing and Disbursing Officer/ Self Drawing officer shall deduct the premium from the salary of November and remit to Treasury as has been done in the previous year.
 (ii) The Cheque Issuing Officers of the Government Department should furnish the schedule in triplicate along with the cheque to the concerned Treasury.
(iii) The Drawing and Disbursing officer / authorized officer in other cases,should remit the collection under Form TRS / proper receipt to the head of account "8658 - Suspense Accounts, 102 - Suspense Accoints (Civil), 88 – Group Personal Accident Insurance Fund" with separate schedule in tripiicate in the treasury. The Treasury Officers should draw the amount of premium towards Group Personal Accident Insurance Scheme 2016 from the suspense account 8658-102-88 and take DD in favour of Director of Insurance,Thiruvananthapuram.

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