APGLI 2023, view details of AP Government Life Insurance

APGLI 2023, view details of AP Government Life Insurance

The Andhra Pradesh Government Life Insurance Department created APGLI, or AP Govt Life Insurance, for their government employees. Government workers in the Indian state of Andhra Pradesh can purchase life insurance through APGLI, a state-run insurance provider.

The organisation was founded in 1980 with the aim of offering reasonably priced life insurance coverage to government personnel and their families. Customers of APGLI have access to a range of insurance plans, including whole life, endowment, and money-back options.

Government agencies and other organisations can also take advantage of the company’s group insurance programmes. The affordable premium rates offered by APGLI are one of its key benefits. Government personnel on a budget will find the company’s premium prices to be far more affordable than those of other private insurance providers.

APGLI Application Form for New Life Insurance Proposal 2023

TSGLI Application Form for New Life Insurance Proposal 2023

How to find APGLI Policy Details 2023 at apgli.ap.gov.in

APGLI also offers a number of extra features and riders that can be added to its insurance policies, including coverage for accidental death and permanent disability. Additionally, APGLI offers policyholders a range of payment options, including salary deductions, monthly or annual payments, and online payments.https://apgli.ap.gov.in/index.html

Customers may easily buy policies and file claims thanks to the company’s extensive network of agents and branches throughout the state of Andhra Pradesh. Additionally, APGLI has a devoted customer service team that can address any queries or issues that policyholders may have.

In general, APGLI is a dependable and cost-effective solution for Andhra Pradesh government employees seeking life insurance coverage. APGLI gives its customers a selection of options to pick from to meet their needs by providing a range of insurance plans, affordable premium rates, and numerous methods for paying payments.

One of the state of Andhra Pradesh’s oldest departments is the APGLI Department. The Nizam of the former State of Hyderabad initiated the Scheme in 1907 for the wellbeing of his staff. Initially, the Family Fund scheme was managed by a Management Committee.

In 1913, the programme underwent a name change to become the Hyderabad State Life Insurance Fund. The Scheme became the “Andhra Pradesh Government Life Insurance Fund” with the creation of Andhra Pradesh State in 1956.

On September 25, 1957, the inaugural meeting of the Managing Committee, which included four members, a secretary, and a president, was conducted following the creation of the state of Andhra Pradesh. Sri B Gopal Reddy, the first finance minister, presided over the meeting.

All government employees and employees of provincialized local bodies are required to participate in the Andhra Pradesh Government Life Insurance (APGLI) Scheme, which is a social security measure for the welfare of government employees. The Finance Department has administrative control for the APGLI Department.

Therefore, it is requested of the concerned Drawing and Disbursing Officers to recover the compulsory premium of A.P.G.L.I. amount that was specified in the Government Orders from time to time to deduct the compulsory premium from the date of payment of first salary soon after he/she joins the Government service without waiting for completion of one year service, who are in the insurable age of 21-53 years.

APGLI Scheme:

All policyholders are hereby requested to include the following details with their applications for approval of Loan/Settlement of Claim cases in order to make payments online and send SMS messages:

employee identification number; and mobile number.

c. A properly completed application with the information below must also include a Xerox copy of the first page of the savings bank pass book.
d. Displaying the bank account number e. naming the bank branch d. the IFSC code

If not, such applications will be rejected in the future without being processed. Please include your mobile phone in the proposal form if you would like to get SMS notifications about updated or new policy numbers.

Important characteristics of APGLI:

• Government employees between the ages of 21 and 55 are eligible to purchase APGLI policies.
• Only endowment policies that mature one day before turning 58 are issued by the APGLI Department.
• APGLI policies never expire.
• Low premium prices are offered.
• Under section 80C, the APGLI Premium is not subject to income tax.
• Excellent Bonus rates.
• The current bonus rate is Rs. 100 for every Rs. 1000 in annual sum assured.
• 90% of the surrender value can be covered via loans.
• Only 9% annual simple interest is applied to approved loans.
• The complete Sum Assured and Bonus earned up to the Date of Maturity are paid to the policy holder in the event of policy maturity.
• The subscriber will receive the Surrender Value and the applicable Bonus if the Policy Holder decides to cancel the policy by ceasing premium payments after ceasing to be a Government employee.
• The full sum assured along with any bonuses accrued up to the date of death are paid to the lawful heirs in the event of the policyholder’s death prior to the policy’s maturity.