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  • Gis Form 4.doc - Sikkimhrdd

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FORM NO. 4 Dated To, *The.. ... Subject: Application for payment of accumulation under Sikkim Government Employees Group Insurance Scheme, 1993. Sir, I have been a member of the Sikkim Government.

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The 'scheme' is intended to provide for the Central Govt. employees, at a low cost and on a wholly contributory and self- financing basis, the twin benefits of an insurance cover to help their families in the event of death in service and a lump-sum payment to augment their resources on retirement.

As risk spreads over a large number of people, a group insurance plan provides standardized coverage at competitive premium rates. This means that the coverage is the same for all members of a group. Irrespective of the size of the group, group insurance covers all members under the same plan.

The Karnataka State Employees' Group Insurance Scheme, hereinafter referred to as “Scheme”, is intended to provide for the State employees, at a low cost and on a wholly contributory and self-financing basis, the twin benefits of an insurance cover to help their nominees in the event of death in service and a lumpsum ...

At present, Rs 120 per month is deducted from the salary of Group A officers in the form of GIS and in case of retirement or death of the officer Rs. 1.20 lakh is paid. From January 1, 2023, the deduction will be Rs 480 per month and the payment will be Rs 4.80 lakh.

Definition: Group policy provides coverage to a group of people which can be a professional group like employee-employer group or an informal group. Description: Group policy provides coverage at a lower cost per person in the group. Therefore a group policy is more affordable than an individual policy.

(1) In order to provide insurance cover to each member of the 'Scheme', a portion of the subscription (30 percent) shall be credited to an Insurance Fund to be held in the Public Account of the State Government.

Group Insurance Scheme (GIS)

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232