RESULT

AGREEMENT OF GROUP INSURANCE SCHEME W.E.F 01.07.2020

AGREEMENT OF GROUP INSURANCE SCHEME W.E.F 01.07.2020

I am directed to refer to the subject noted above and to intimate that Government of the Punjab through the process of open bidding has awarded contract to the State Life Insurance Corporation of Pakistan for Group Term Insurance for the employees of the Punjab Government for a period of three years w.e.f 01.07.2020 to 30.06.2023 under the provisions of Punjab Government Employees Weifare Fund Ordinance, 1969, The annual and monthly rates of premium deduction, with effect from 01.07.2020 in respect of different categories of employees of Punjab Government are as follows:-





It is requested that necessary instructions may immediately be issued to all Drawing and Disbursing Officers of respective departments for compliance, ensuring deduction of Group Insurance Premium according to above mentioned rates with effect from 01.07 2020 while sanctioning pay bills of the employees under their administrative control. As regards, Government Employees in BS-1 to BS-4, Government of the Punjab shall pay 1/4 of the total premium ie. Rs. 16.75 per month per employee, to the State Life Insurance Corporation of Pakistan and the balance premium of Rs.50.25 per month shall be deducted from monthly salaries at its source of the employee in BS-01 to 04

3. It is further directed that all Departmental Heads ensure that w.e.f. 01.07.2020 all claims pertaining to Group Term lInsurance i.e. in-service death or death within five (05) years of retirement.








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