ARMY
GROUP INSURANCE
Unique Features of Extended Insurance (EI)
Scheme
·
No
Medical Examination required. Even Sub standard life (Low Medical Category)
covered for the same amount at the same premium.
·
High
risk category personnel, such as Heart, cancer, Renal disorder and AIDS
patients also covered without discrimination
·
Simple
procedure for payment of EI Benefits.
·
Nomination
procedure exists.
·
All
Low Medical Category persons eligible for EI provided they have adequate funds
available in their maturity amount at the time of their
retirement/invalidment/release/discharge.
·
Period
for cover is as mentioned on the EI Certificate.
·
Discontinuation
of Medical Benefit Scheme and Introduction of ECHS. With the implementation of
ECHS which is a compulsory scheme for all retiring defence personnel with
pension, new membership of AGIF Medical Benefit Scheme has been discontinued
with effect from 01 Apr 2003. The existing AGI Medical Benefit Scheme has been
finally closed on 31 Mar 2006. The existing members can claim refund of their
AGI Medical Benefit Scheme subscription by forwarding an application to AGIF
with following details:-
o Returning of original MBS card along with
application.
o Details of bank account, bankers name and
postal address.
o Whether member has joined ECHS or not (for
data collection purpose only)
o Address of the applicant with tele No. (As
applicable).
As on 31 Oct 07, 2,03,630
Members have been paid the refund of their subscription.
·
Social
Security Deposit (SSD) Scheme for Widows and Minor Children of the Deceased
Members.
o SSD Scheme introduced in Nov 78 with the aim
to safeguard the interest of the Widows and minor children and ensure security
of their deposits.
o Under the scheme, AGI Insurance benefits of
widows or minor children of deceased personnel are invested by the AGIF in
Nationalized Banks in cumulative or non-cumulative account to the extent of
amount and period stipulated by the member in his nomination.
o Widow can also opt for the scheme at the time
of disbursement of benefits if the husband has not specified in the Nomination
form.
o Interest accrued on non-cumulative deposits
paid quarterly.
o For minor children, amount will be invested
till they attain the age of majority with quarterly interest payable to legal
guardian, if required, and in case of widows for a period of one to five years,
as indicated by the member in the Nomination form or opted by the widow.
o An additional interest of 1.28 per cent per
annum is provided over and above the Bank rate on Social Security Deposits
provided the investment is done by AGIF for more than two years.
o Bank Fixed Deposit receipts are retained in
AGIF for monitoring payment of interest and period of deposit under intimation
to the beneficiary.
o 2988 widows and 2932 minors have obtained
benefits amounting to Rs.97.50 crore under this scheme till 31 Oct 2007.
Presently, 1172 widows and 7207 minor children are members with a deposit of
Rs.153.37 Crore.
USEFUL INFORMATION
DOCUMENTS REQUIRED TO CLAIM AGI BENEFITS
MATURITY BENEFITS
1.
Application
for Maturity Claim i.e. Appx ‘G’ to AO 23/2002/AGI to be submitted by retirees
four months prior to their retirement through their respective Records.
2.
Bank
details not to be changed till all retiring benefits received.
Extended Insurance Claims
From
Widow/Beneficiary.
1.
EI Certificate
duly signed by widow.
2.
Death
certificate.
3.
Affidavit
4.
Indemnity
Bond.
5.
Bank
details.
6.
Family
details.
From
Records (PBOR only)
1.
Death
Confirmation
2.
Family
details if required.
Insurance Claims
From
Unit.
1.
Details
Death Cases (Appx ‘B’ to AO 23/2002/AGI)
2.
Death
certificate.
From
Records.
1.
Claim
for Insurance Benefits (Appx ‘C’ to AO 23/2002/AG)*.
2.
Nomination
form*.
From
Widow/Next of Kin.
1.
Affidavit.
2.
Indemnity
Bond.
3.
Bank
account details.
4.
Family
details.
·
(from
Army HQ/MP6 or MPRS(O) in case of officer)
Disability Benefits from individual (For Officers only)
1.
Claim
for Disability cover (Appx ‘H’ to AO 23/2002/AGI).
2.
Bank
details.
3.
AFMSF-16
(through MPRS(O) Med Dte. Army HQ).
From
Unit through Records (For PBOR).
1.
Option
certificate (willing/unwilling to serve under sheltered appointment).
2.
Claim
for Disability cover (Appx ‘H’ to AO 23/2002/AGI).
3.
Fit to
receive payment certificate (for mental cases only).
4.
Discharge
order.
From
Records.
1.
Application
for Maturity Claim i.e. Appx ‘G’ to AO 23/2002/AGI (When not forwarded by
units)
2.
Discharge
order.
3.
Low
Medical Category/Hospital details.
4.
Pt II
Order for enhanced service (where applicable)
Incase
of Death/Unfit to receive payments.
From
Records.
1.
AGI
Nomination
2.
Death
certificate.
3.
Family
details
4.
Indemnity
Bond by Next of Kin.
5.
Affidavit
by Next of Kin.
6.
Bank
details of Next of Kin.
Important
Telephone Nos. at AGI Dte. (Delhi STD code 011)
Director Claims - 26143709
Director Loans - 26148944
Dy. Director Co-ordination
- 26142369
AGI Exchange - 26151031
Fax - 26148471
E-mail -
armygroupinsurance@yahoo.co.in
