Odisha Govt Raises GIS Premium Of Its Employees; Check The Benefits
Bhubaneswar: To extend more financial benefits to its employees in case of death while in service, the Odisha government has effected changes in the Group Insurance Scheme (GIS).
Under the revised plan, the employees in grade pay up to Rs 4800, who have been paying Rs 7,500 for GIS, have to pay Rs 20,000. The family of such employees, who were getting Rs 1.5 lakh in case of death, would now get Rs 4 lakh.
Similarly, the GIS payment for the staff earning Rs 5,400 and above grade pay has been increased from Rs 12,000 to Rs 30,000. Their families would get Rs 6 lakh under the revised scheme instead of Rs 2.5 lakh previously.
The increased GIS amount will be deducted from the salaries of the employees in 10 instalments as before, according to a CMO release.
The government has also increased the funeral allowance from Rs 5,000 to Rs 10,000 for both grade pay.
The GIS is a social security plan for government employees. In case of death of an employee in service, his or her family gets financial benefits.