Karuvoolam Tamil Nadu : Local Bodies Group Insurance Scheme

Organisation : Tamil Nadu Department of Treasuries and Accounts
Facility Name : Local Bodies Group Insurance Scheme
Applicable For : Employees who enter into Central Govt. Service
Applicable State/UT : Tamil Nadu
Website : https://www.karuvoolam.tn.gov.in/web/tnta/local-bodies-gis-

What is Local Bodies Group Insurance Scheme?

Local Bodies Group Insurance Scheme is a welfare scheme. This scheme is similar to the Family Benefit Fund Scheme for the employees of Local Bodies, Village Panchayat, Aided Schools, Aided Colleges, Noon Meal centre and Aided Technical Institutions.

Related / Similar Scheme : Pudhumai Penn Scheme Tamil Nadu

Who is Eligible To Join This Scheme?

The non – provisionalised employees are covered under the Local Bodies Group Insurance Scheme. The Employees of Local Bodies, Government Aided Schools, Aided Colleges, Aided Technical Educational Institutions and Noon Meal Scheme.

Local Bodies Group Insurance Scheme Details

** This Local Bodies Group Insurance Scheme will be compulsory for all those ’employees’ who enter into Central Govt. Service on or after 1st November, 1980, especially for IAS, IPS, IFS officers. The Principal Secretary/Commissioner of Treasuries and Accounts is the administrator of this Scheme.
** The Subscription amount was initially fixed at Rs. 80/- per month from 1st January 1982 and was enhanced at Rs. 120/- per month from 1st January, 1990.
** The subscriber, on enrolment has to give nomination details.
** The total accumulation (Savings together with interest thereon) will be payable to the subscriber on his/her retirement after attaining the age of superannuation or cessation of his/her service with the Central Government according to Table of Benefits issued by Central Government annually.
** The subscriber on cessation of service should give an Application form in Form No. 4 along with relevant annexures in duplicate, for the payment of accumulations under All India Service Group Insurance Scheme 1980 along with Government Order notifying his/her retirement.

In the case of the demise of the subscriber while in service, the legal heir(s) will get the accumulation made by the subscriber together with an insurance coverage of Rs. 1,20,000/- for which the legal heir(s) have to produce the following documents

** Application Form in Form No. 4 along with relevant annexures in duplicate
** Death Certificate in original
** A copy of the order issued by the Government notifying subscriber’s death
** Legal heirship / Succession Certificate issued by the competent authority
** No objection certificate/ authorisation from other legal heirs attested by the Notary Public;
** Power of Attorney attested by Notary Public

Maintenance of Group Insurance Scheme

The maintenance of the Group Insurance Scheme are :
** To render better service to the All India Service Officers viz. I.A.S/I.P.S./I.F.S Officers serving under Tamil Nadu cadre.
** To make the advance payment of monthly subscription to Government of India every month
** To monitor the payment/receipt particulars of this scheme.
** To ensure timely settlement of Savings cum Insurance Fund towards this Scheme the Treasuries and Accounts Department is maintaining all sorts of Ledgers and Registers pertaining to this Scheme viz. Nomination Register, Posting Register, Advance Payment Register, Reconciliation Register, Settlement Cheque Register, Stock Register etc.

FAQ On Group Insurance Scheme

Frequently Asked Questions FAQ On Local Bodies Group Insurance Scheme

Who is the Controller of GIS?
The Additional Chief Secretary, Finance (Pension) Department, Chennai-9 is the controller of the scheme.

Who is the Administrator?
The Principal Secretary / Commissioner of Treasuries and Accounts is the administrator of the Scheme.

What is the claim amount?
A sum of Rs.3,00,000/- is the claim amount settled under Group Insurance Scheme.

Who will settle the claim amount?
The Claim amount will be settled by the LIC.

What are the Master Policies in this Scheme?
1. Local Bodies and Aided Schools
2. Government Aided Colleges
3. Govt. Aided Technical Institutions
4. Noon Meals Centre and
5. Village Panchayats.

What are the Subscription and Management Contributions under this Scheme?
The Subscription amount is Rs.60/- per month and Management Contribution is Rs.165/- per month. The Management Contribution is not applicable to the employees of Aided Schools, Aided Colleges and Aided Technical Educational Institutions.

What is role of the LIC in settlement under this scheme?
The Claim Report Officer will submit the claims to the LIC for sanctioning of the Lump sum amount. The LIC verify all the documents and related records as per norms and sanction the GIS claim amount. Further the LIC will not entertain any correspondence with the beneficiaries of the deceased employees regarding the claim under this Scheme.

What is the nomination procedure under this scheme?
Nomination can be executed in favor of Family members by the Employee at the time of first payment to this scheme.