New Group Insurance Deduction Rates 2021 AJK

AJK Government has issued the official notification on 13th April, 2021 regarding New Group Insurance Deduction Rates 2021. The further details are given below;


Notification of Group Insurance deduction Revised Rates AJK government


In pursuance of recommendations of Boards of Trustees, Azad Jammu and Kashmir Employees Benevolent Fund and Group Insurance Trust (Gazetted) and in the exercise of the powers conferred under Section 23 of Azad Jammu & Kashmir Employees Benevolent Fund and Group Insurance Act, 1971, (Act, XVI of 1971), the Azad Government of the State of Jammu and Kashmir is pleased to accord approval that the following amendments shall be made in the Azad Jammu and Kashmir Employees Benevolent Fund and Group Insurance Rules, 1972:-


Read More: Checklist of Group Insurance Documents 2021


In the aforesaid Rules, Rule 6 and Table-I notified vide Notification No. S&GAD/A-4(66) 2014, P-III January 11, 2018, shall be substituted and shall be deemed to have been so substituted from 21st day of December 2020 with the following:-


Rate of Monthly Contribution and sum assured


  • Every Gazetted employee shall pay the insurance fund, as a premium for the insurance of his life, the amount specified in column-3 in Table-I below.
  • The Sum assured as specified in column 4 of the table below, shall be paid, to the contributor(s) on attaining the age of superannuation or completion of qualifying service and in the case of in-service death of the employee as risk cover to his family, namely:-
S No. Grade Monthly Deduction (Rs.) Sum assured on retirement/death
1 BS-16 1650/- 550000/-
2 BS-17 2250/- 650000/-
3 BPS-18 2650/- 750000/-
4 BS-19 2887/- 850000/-
5 BS-20 3300/- 95000/-

New Group Insurance Deduction Rates 2021 AJK

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