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
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