State revises maximum/minimum insurable age of employees

The State government has enhanced the maximum insurable age for the employees under the Telangana Government Life Insurance Scheme from 53 years to 56 years.The minimum insurable age has simultaneousl

The State government has enhanced the maximum insurable age for the employees under the Telangana Government Life Insurance Scheme from 53 years to 56 years. The minimum insurable age has simultaneously been decreased to 19 years from the existing 21 years. Under the existing rules, endowment insurance policies are being issued to the staff based on maximum insurable age of 53 years and these policies would mature on the insured attaining 58 years. The revision of the maximum and minimum insurable age follows the enhancement of retirement age from 58 to 61 years as also the implementation of the revised pay scales. All employees within the insurable age should increase their premiums as per the rates specified and submit the proposal form after the recovery of the first premium from the salary for taking a policy from the insurance department.