APGLI Death Claim Form - Summary
Discover the APGLI Death Claim Form for Government Employees
If you are searching for the APGLI Death Claim Form, you’ve come to the right place! The Andhra Pradesh Government Life Insurance (APGLI) provides secure financial benefits to government employees and their families. This guide will help you understand the key features of APGLI policies and how to effectively claim benefits under them.
Salient Features of APGLI Andhra Pradesh Govt Life Insurance
- Government employees aged between 21 and 53 years are eligible to take APGLI Policies.
- The APGLI Department offers only Endowment Policies that mature just one day before the policyholder reaches 58 years of age.
- APGLI policies do not lapse, ensuring your investment remains safe.
- The premium rates for APGLI are low, making it affordable.
- APGLI premium payments are exempt from income tax under section 80C.
- Attractive bonus rates enhance the benefits of the policy.
- Currently, the bonus rate stands at Rs 100/- for every Rs 1000/- Sum Assured per annum.
- You can sanction loans up to 90% of the Surrender Value of your policy.
- Only a simple interest of 9% per annum is charged on loans sanctioned.
- Upon maturity, the total Sum Assured and the bonus accrued till the date of maturity are paid to the policyholder.
- Policies are protected from court attachments and government dues, except for unpaid premiums or loans.
- If the policyholder stops being a government servant and decides to surrender the policy, they will receive the Surrender Value and the eligible bonus.
- In the unfortunate event of the policyholder’s death before maturity, the full Sum Assured along with any bonus up to the date of death will be paid to the legal heirs.
How to Download the APGLI Death Claim Form
You can easily download the APGLI Death Claim Form in PDF format online from the link below. Make sure to have all the required information ready so you can fill out the form accurately for a smooth claim process. 👍
Click the link below to download the APGLI Death Claim Form in PDF format.