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TSGLI Loan Application Form Telangana
Salient Features of TSGLI
- The Government employees who are between 21 and 53 years of age are eligible for taking TSGLI Policies.
- The TSGLI Department issues only Endowment Policies which mature one day before attaining(58) years of age.
- TSGLI policies do not lapse.
- The Premium rates are low.
- TSGLI Premium is exempted from income tax under section 80C. Attractive Bonus rates.
- The present rate of Bonus is Rs 100/- for every Rs 1000/- Sum Assured per annum.
- The Loans are sanctioned up to 90% of Surrender Value.
- Only a Simple Interest of 9% per annum is charged against loans sanctioned.
- In case of maturity of the policy, the total Sum Assured and Bonus till Date of Maturity are paid to the policyholder.
- If the Policy Holder ceases to be a Government servant and decides to surrender the policy by discontinuing the payment of premium, the subscriber will be paid the Surrender Value and the eligible Bonus.
- In the case of Death of policy holder before the maturity of the policy, the full Sum Assured along with Bonus till the date of death is paid to the legal
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