-No of Generals.
-Lt Generals Insurance Cover up to age 60 years
-COAS Insurance Cover up to age . 62 years
Total Contribution by The Generals is :-
-60,000/- Multiplied By 350 = Rs. 21,000000/-
i.e. Two Crore and ten Lakhs only
-No of Jawans 13000000
Total Contribution by Jawans to AGIF
- Rs 30,000/- multiplied by I300000 = Rs. 3900,0000000/-
Rs Three Thousand nine hundred Crores .
-The Major contributor to AGIF is The Jawans.
-The COAS and Lt Generals are not even one percent contributors are getting Insurance cover up to the age of 62 and 60 !!!!
-The Jawans At the age 35, 40 are loaded with responsibility.
-How can we withdraw this security cover to these men who have provided security to the nation from the day they joined service to the day they have retired.
Is it Fair?
On Retiring Jawans are not secure for two reasons:-
-He is now unemployed
-The Insurance Security cover which he had, that too against his own contribution is also withdrawn
Why is Security cover withdrawn ?
-Jawans while in service, he is young and Physically fit, as he grows in age, THE RISK FACTOR will keep increasing each year.
Each growing year, he is becoming a greater liability,each year. That is the Reason he is shed at this young age.
His money has been used for Twenty years and Security cover is withdrawn when he needs it most. HE IS NOT EVEN INSURED FINSURED WHEN HE IS HEALTHY
Please note the day he retires same day another Jawan is enrolled so strength never decreases, meaning the quantum of money will never decrease.
Govt does not fund the Army group insurance scheme at all and the soldiers not only risk their life for the country but also pay in cash for taking such risks.
In India govt is asking the soldiers to risk the lives and also pay for it too.
And to the old soldiers who have survived somehow to defeat death during service but paid for the risks taken for the country from their meagre salaries.
55% of defence pension goes to defence civilians who comprise only 22% of the defence pensioners. Veterans who comprise 78% of defence pensioners( who have already paid the risk premium for the country from their salary while serving) get just 45% of defence pension.
AGI Insurance wef 01 Sep,2013,
Rs 50 lacs
(incl IMA & OTA cadets
RS 25 LACS
|2.||Post Retirement/Extended Insurance (EI) scheme (for 26 yrs after retirement or 75 years of age whichever is earlier||6 lacs||3 lacs|
|3.||Disability Benefit [ max 100%disability proportionately reduced to 20%disability[||Rs20 lac to 4 Lacs||Rs10 Lac to 2 lacs|