Premium Rates
Rate of Premium & Its Recovery
The monthly premium payable by the insured under the insurance scheme shall be such
as is specified below or revised by Government order from time to time.
Premium rates declared by the government vide letter No. F. 13(21) FD/Revenue/76- Part.
Dated 13.03.2020
Pay Slab and Premium Rates
|
S. No.
|
Pay drawn in Levels in the Pay Matrix |
Rate of monthly premium
(Rs.) |
|
1
|
Upto Rs. 22000/- |
Rs.800/- |
|
2
|
Rs. 22001/- to Rs. 28500/- |
Rs.1200/- |
|
3
|
Rs.28501/- to Rs. 46500/-
|
Rs.2200/- |
|
4
|
Rs. 46501/- to 72000/-
|
Rs.3000/- |
|
5
|
Above Rs. 72000/- |
Rs.5000/- |
|
6
|
Maximum
|
Rs.7000/- |
Further Assurances:
Whenever, as a result of change in pay slabs, the premium already payable by an
insured falls short of the premium to be payable by him, further assurance shall
be granted for incremental premium & incremental recoveries shall be effected from
his pay from the month of March of the same financial year.