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CURRENT LIFE INSURANCE SCHEMES (SERVING)

A number of Schemes have so far been introduced. Each Scheme is an improvement over the previous Scheme providing improved benefits in the event of death, disability or survival. Some of the Schemes have since been closed membership is accepted for Schemes other than GIS-11 and FPLI-14 (Flying Branch only).

At the time of retirement the saving element of contribution with interest accumulated on it along with bonus (if any) is paid to the member on the Survival Benefit Claim from 'AFGIS-212'. In case the member is entitled to pension the individual is provided Post Retirement Insurance Cover (PRIC) for which the nomination form 'AFGIS-224' is to be filled by the member.




In the event of death occurring before the terminal date (ie. while in service), the beneficiary will be paid as death benefit, the sum assured plus saving element of respective scheme for appropriate years of participation with interest. Sum assured against death benefit are as follows :-
  • Officers : Rs.50 Lakh + Rs.10 Lakh (for Flying Branch Officers only).
  • Airmen : Rs.25 Lakh + Rs.5 Lakh (for Airmen Aircrew only).
  • NCs(E) : Rs.12.5 Lakh.
  • Nomination

    The accepted nomination for DSOPF / AFPP Fund held at AFCAO will be treated as nomination for AFGIS for the purpose of payment of death claim whilst in service. "In the event of nomination not being revised after marriage, first beneficiary is the wife / children of the deceased subscriber and subsequently the other family members". A member can nominate any of their family members for death benefits. The term "family member" for the purpose of nomination is as under:-
    • Family members
      • In case of married members. The wife / husband, parents, children, minor brother(s), unmarried sister(s), deceased sons widow and children and where no parents of the member is alive, a paternal grandparent.

      • In case of unmarried members, widows and widowers not having children. May nominate any person(s). in the absence of any such nomination, the beneficiaries would be father and mother in that order.
    Nomination by Exception : AFGIS (Form)-223. [In duplicate]

    A member who desires to nominate any person other than beneficiaries nominated for DSOP/AFPP fund may do so by executing AFGIS-223. Such nominations must indicate the names and details of all the persons eligible to receive the benefit in specific percentages. The sum total of the percentage of benefit must total to cent percent (100%). If this nomination (Form-223) has been executed prior to self marriage, then the same would become invalid on self marriage unless revised after the date of marriage. In the event of invalid Form 223, the death benefits will disbursed as per valid DSOPF/AFPPF nomination. In the event of invalid nominations, the first beneficiary is wife/children of the deceased member and subsequently the other family members.

    Note :
  • All dues outstanding against a member / beneficiary in the books of AFGIS / IAFBA would be recovered as a first charge.

  • Whenever there are more than one nominee, the specific percentage of share of the nominee should be mentioned against each.
  • In case where the beneficiary is minor, the death benefit payable will be invested in Indian Air Force Social Security Deposit (IAFSSD) Cumulative Scheme of AFGIS until the beneficiary becomes major or submission of Guardianship certificate from court of law.

    Documents

    Following documents are required to be forwarded by the beneficiary / Unit for payment of death benefit:-
  • AFGIS 230 (Death Claim Form) [Single Copy] : To be filled up by beneficiary. (Available only from AFGIS ).

  • AFGIS 227 (Bank Confirmation) [ Single Copy] : To be verified by the Bank Manager (Available only from AFGIS). Beneficiary must have a single account (Not a Joint account).

  • Appendix "K" [Single Copy] : As per format given in IAP 3601 need to be forwarded by Unit to AFGIS at the earliest.
  • Note : Part II of the Death Claim (AFGIS 230) is to be attested by Magistrate / AOC / Stn Cdr of any Air Force Unit.


    Every member who is invalided out of service due to disability by an invaliding Medical Board (not Release Medical Board held at the time of retirement) on account of disability, whether attributable to service or not, is provided disability benefit at half the life cover for 100% disability and for lesser disability in the same proportion subject to a minimum disability of 20%.

    NOTE : A disability detected in a Release Medical Board does not entitle the person to disability benefit since the scheme is structured on the philosophy of compensating an individual on whom Release/Discharge is enforced by the service itself by means of an Invaliding Medical Board. Here the stress is on discharge being enforced on the person. Here it may be noted that the disability pension granted by the pension authorities have no bearing on the grant of disability benefit by AFGIS. In case an individual is offerred an alternative trade and refuses to accept it he would not be eligible for disability benefit. In view of the above the following are not eligible for disability benefit from AFGIS.
    • Personnel detected with disability in Release Medical Boards.
    • Personnel who refuse alternate employment (Remustering) on being detected with a disability.
    Attributability: Attributability of disability to service is no consideration for payment of disability benefit. The main criteria is the degree of disability recommended by the Services Medical Board and invaliding out of service of a member, which must co-exist. However, the Society does not accept any liability for subsequent aggravation of disability.

    Exceptions: Members invalided out of service for the causes given below are not entitled to any disability benefit irrespective of the percentage of disability :
    • Alcoholism.
    • Drug Addiction.
    • Self inflicted injuries.
    • Disability arising out of attempted suicide.
    • Any disability, arising out of intentional acts resulting in criminal conviction.
    • Invalided within one year of enrolment or on joining AF due to disability which is not attributed to service.
    • On refusal/ unwilling to accept/ remuster to other branch/ trade.
    Disability Claim Forms :
    Following Forms need to be filled in order to avail disability benefit from the Society :


    With effect from 01 May 2000, GIS provides the facility of periodical Final Withdrawal from all schemes (excluding FPLI scheme) provided the individual is a member of GIS-11 scheme However, this facility is not available to members against whom AFGIS/ IAFBA loans are outstanding.

    Years of service completed Maximum %age withdrawal permitted
    15 Years 50%
    20 Years 75%
    25 Years 85%
    30 Years 90%

    NOTE : . ANY FINAL WITHDRAWAL FROM SURVIVAL BENEFIT RESTRICTS YOUR QUANTUM OF LOAN FROM AFGIS. FINAL WITHDRAWAL WILL NOT BE SANCTIONED IF RECOVERY OF LOAN FROM AFGIS / IAFBA IS IN PROGRESS.


    LOANS FROM AFGIS
    House Building Loan (HBL)
    Documents Required
    Introduction
    • In order to facilitate air warriors to acquire a house/ flat/ residential plot, AFGIS has been giving loans as a welfare measure since 1988. Many changes have been incorporated in the rules for grant of loans since then duly accommodating the requirements of the members.
    • Maximum of HBL for all categories [officers, airmen and NC(s)E] is Rs.35,00,000/-
    Rate of Interest

    SL No.
    House Building Loan Slabs
    Rate of Interest on Monthly Reducing Balance (pa)
    1.
    Upto Rs.7 lakhs.
    8.0%
    2.
    Above Rs.7 lakhs & upto Rs.15 lakhs.
    9.0%
    3.
    Above Rs. 15 lakhs & upto Rs.35 lakhs.
    10.0%
    4.
    For additional HBL, 2nd and subsequent HBL, for renovation/ Extension of existing house.
    10.5%
    • The above rate of interest is subject to change as approved by BoT (Board of Trustees) from time to time.
    • However, loan for renovation of a house acquired by availing HBL from AFGIS would be available upto a maximum of Rs35 lakh including the originally availed amount at an interest of 10.5% pa. Such loans would be sanctioned provided the previous loan is outstanding and EMI is being recovered. Such loan would be admissible only once.
    • For purchase of residential plot, 50% of the maximum of HBL would be available as per the existing rules.
    Contribution Processing Fee & Insurance

    • Contribution for insurance of HBL will be charged based on the quantum of loan availed. Processing fee of 0.1% of the loan without any ceiling on maximum amount will be charged.
    Lumpsum Recovery of HBL and Penal Interest
    • If at any time, it is found that a member has obtained the loan by misrepresentation, misstatement or fraud or has committed any breach of the terms and conditions governing the loan, he/she shall, without prejudice to any other departmental action against him/her, become liable to repay, in one lumpsum, the entire amount of the loan or the outstanding balance of loan together with interest. Similarly, in cases where the applicant fails to submit the required documents within the stipulated time period, then the entire sum of the HBL and interest thereon would be recoverable in lumpsum from the applicant. Likewise, in cases where the registered value of the house/flat/plot is found to be less than the amount of HBL paid, then the difference between the registered value and the amount of HBL paid would be recoverable from the applicant in lumpsum. In all cases where the applicant fails to refund the amount in lumpsum or delays such refund, then penal rate of interest @ 15% pa would be levied from the date of default and uptil the date the refund is actually affected.

    Authorised Residential Area/Project

    • HBL for self-construction of house would be sanctioned only in cases where the plot / site is in an authorised residential area/ project as per the approved master plan/ layout plan for that place/ area.
    Disbursement of HBL for Self-construction
    Installment Precentage of Sanctioned Amount to be Released Condition for Release of Installment
    First
    25%
    On approval of Loan application
    Second
    30%
    On confirmation of construction up to plinth level and submission of photographs for the same.
    Third
    35%
    On confirmation of construction up to lintel level and submission of photographs for the same.
    Forth & Final
    10%
    On completion of construction and submission of Completion certificate from the local body.
    Verification of Progress of Self-construction of House
    • The 2nd and subsequent installments will be disbursed on submission of verifiable proof (documents, photographs etc) showing the stage of progress/completion of construction. AFGIS will consistently carry out verification of randomly selected cases through appropriate agencies.

    Eligibility

    • Minimum length of service required to be eligible for availing HBL is five years in respect of all categories. Applicants requiring HBL for acquiring Flat/ House through AFNHB/AWHO/CGEWO/IRWO/State Housing Boards will continue to be governed by existing eligibility condition of length of service which is six months in respect of officers and two years in respect of Airmen/NC(s)E.
    • Only those members of AFGIS who are members of GIS-11 are eligible for HBL. Application for HBL will not be accepted once the Discharge/Retirement/Premature Retirement Order has been issued.
    • Members with two or more discipline entries (Red/ Black) and if eight years have not elapsed from last entry, will not be eligible for loan from the Society. This will not include entries incurred during ab initio training.

    Priority and Out-of-Turn HBL.

    • Separate waiting list (Senior Waiting List) will be maintained at AFGIS for HBL applicants who have more than 15 years of service. Applicants on the "Senior Waiting List" would be given priority over the applicants on the "Junior Waiting List" by method of paying three sanctioned applications on the "Senior Waiting List" before paying one sanctioned application from the "Junior Waiting List". Further, applicants who have less than 10 years of service left for superannuation would be eligible to "out-of-turn" sanction of HBL.

    Application Form Cost & Processing Fee (Click for details)

    • HBL application can be obtained from AFGIS on cash payment or against bank DD in favour of "AIR FORCE GROUP INSURANCE SOCIETY" payable at Delhi. The applications may also be available through SI at units. Only pre-printed applications are accepted for processing. The application contains all the relevant information including the instructions to fill in the application. The maximum time required for processing HBL application, complete in all respects, is 15 working days from the date the application is received in AFGIS.

    Loan Amount Admissible, No of Installments and Rate of Interest charged (Click for details)

    Repaying Capacity

    • The amount of HBL that can be sanctioned would be determined on the basis of the repaying capacity of the applicant which would be calculated by ensuring that the aggregate of the EMI of the HBL which is to be sanctioned and the total of all existing deductions as per latest monthly pay slip (F1517/F1523)/IRLA does not exceed 75% of the gross emoluments for that month.

    Repayment / Recovery of EMI

    • The recovery of EMIs of the loan is made through the IRLA and remitted by AFCAO every month. Air warriors on deputation for whom IRLA is not maintained by AFCAO would have to make arrangements to remit the EMI's through at par cheques/ bank DD in favour of "AIR FORCE GROUP INSURANCE SOCIETY", payable at Delhi directly to AFGIS. The EMI should reach AFGIS before 7th of the month to which it pertains to. Amount can also be transferred directly through NEFT (Click for details)

    Refund of Loan

    • Partial refund of loan can be made once in a financial year. Minimum amount that may be refunded is Rs. 1 Lac, Rs50,000/- and Rs25,000/- for officers, airmen and NCs(E) respectively. Refund can be made as per procedure mentioned in the above para.

    Second / Additional Loan

    • Second HBL is admissible at a higher rate of interest after the initially sanctioned HBL is liquidated.
    • Additional HBL for renovation/ addition/ alteration of the existing house is permitted at a higher rate of interest, provided the previous loan is outstanding wherein the EMI is being recovered.
    • The applicant can also opt to pay the installments of EMI after retirement subject to a maximum of 10 years in case he has 10 years of service left for his retirement. However the applicant is required to invest an amount to the tune of the outstanding loan amount plus 10% of this amount as on the date of retirement, in the AFGIS under the Indian Air Force Social Security Deposit (IAFSSD) scheme.

    Annual Statement(HBL Only)

    • The annual statement issued to each member who has drawn HBL, gives the details of the total principal and interest recovered for the current financial year and also proposed amount for the ensuing two financial years, to facilitate the member to file the income tax return and also claim IT deduction that are relevant.

    Amendments to the Rules :

    • The Board of Trustees of the AFGIS may amend alter and modify these rules from time to time which is binding on all loanees.

    HBL Insurance

    • Loan insurance is compulsory for all types of hbl.
    • The insurance cover to the loan is provided upto the date of retirement or re-payment of the full loan whichever is earlier.
    • If the loan is disbursed in one lumpsum, then one time non-refundable contribution towards loan insurance will be recovered from loan amount.
    • In case the loan is disbursed in installments then contribution will be recovered from the amount of Installments.
    • In case an individual opts to repay the loan in higher number of installments, additional amount of contribution toward loan insurance will be recovered for enhanced period of repayment of loan.
    • In the event of death of loanee, the principal outstanding as on the first day of the month in which death occurs will be adjusted and no loan amount will be recovered from the death benefits payable to the nominee from AFGIS.
    • The year wise break down of one time non-refundable contribution for Rs.10,000/- of house loan is as follows :
    Term (In Years)
    Officers
    Airmen/NCs(E)
    1
    28
    19
    2
    42
    28
    3
    55
    37
    4
    68
    46
    5
    81
    54
    6
    93
    62
    7
    105
    70
    8
    117
    78
    9
    128
    85
    10
    139
    93
    11
    150
    100
    12
    160
    107
    13
    170
    113
    14
    180
    120
    15
    189
    126
    16
    198
    132
    17
    207
    138
    18
    215
    143
    19
    223
    149
    20
    231
    154

    Note :

    • One time non-refundable contribution will be calculated for amount in multiples of ten thousand and will be charged on yearly basis.
    • Fraction of year will be counted as one full year. For eg. If an individual has been sanctioned a loan of Rs.5.21 Lakhs in 125 installments (i.e. 10 Years 5 months), non-refundable contribution will be charged for Rs.5.30 Lakhs in 132 installments (i.e. 11 years).
    Motor Conveyance Loan (MCL)
    Documents Required

    Eligibility
    • Car : All officers (After six months from the date of commission) and SNCOs with pensionable service are eligible.
    • Two Wheelers : All officers are eligible. Airmen and NCs(E) who have rendered not less than 2 years of service are eligible.
    • The applicant should be a member of the latest life insurance scheme of AFGIS in vogue.
    • The applicant should have sufficient service left to liquidate the loan together with interest (Discharge order/Retirement order should not be issued).
    • Short service commissioned officers are eligible for total loan of Rs.7 lacs, subject to the condition that all loans from AFGIS put together should not exceed Rs 35 lac.
    • Air warrior with less than five years of service and already who have availed any other loan from AFGIS are not eligible for conveyance loan.
    • AFGIS loan can be availed only when the member has repaid/liquidates the conveyance loan availed from Public Fund (Govt loan).
    • Loan Against Attachment of Retirement Benefits.
    • Members with two or more discipline entries (Red/ Black) and if eight years have not lapsed from last entry, will not be eligible for loan from the Society. This will not include entries incurred during abinitio training.

    Loan against 50% of DCRG.

    • 100% of accumulated Survival benefit and Leave Encashment can be considered to those applicants who have less than 5 years to retire, provided such retirement benefits are not already attached for advance/loan drawn for any other purpose.

    Quantum of Loan

    The maximum amount of loan admissible subject to repaying capacity of applicant is as follows:-
    • Motor car.
      • New: Officers: 100% of basic cost of car or Rs.7 lakh, whichever is less. Airmen(Sgt & above) - Rs 3 Lakhs (having pensionable service).
      • Old: Officers- 100% cost of car or Rs.5 lakh, whichever is less. Airmen (Sgt & above) - Rs 2 Lakh (having pensionable service).
    • Two Wheeler
      • 100% basic cost of new vehicle or Rs.45,000 whichever is less. No loan is admissible for second hand vehicle.
      • NCs(E) with above 10 years of service are eligible for Rs. 45,000/-
      • NCs(E) with less than 10 years of service are eligible for Rs. 30000/-
    Repaying Capacity

    • Repaying capacity will be determined by ascertaining that total deductions in IRLA including the anticipated EMI against the loan does not exceed 80% of the gross pay and allowances reflected in the latest pay slip, F-1517/F-1523.
    • Interest chargeable will be 10% per annum on monthly reducing balance wef 01 Apr 07 which is at floating rate and will be changed time to time as per the decision of BOT.


    Second Loan
    • Second Conveyance loan is permitted provided the previous loan is cleared. Enhancement of Conveyance loan/ Computer Loan is also admissible only once if required.
    Payment
    • AFGIS will issue cheques :
      • New Car - In favour of Firm/dealer/CSD
      • Old Car - In favour of Dealer/applicant
      • Two Wheeler - In favour of applicant
    Processing Fees
    The one time non refundable processing as applicable shall be deducted from the loan sanctioned.

    Repayment / Recovery of EMI

    • The recovery of EMIs of the loan is made through the IRLA from AFCAO automatically every month. Personnel posted abroad can make arrangements to send the dues through 'At par cheques/ drafts drawn in favour of "AIR FORCE GROUP INSURANCE SOCIETY", payable at Delhi directly to AFGIS. The EMI should reach AFGIS before 7th of the month to which it pertains to. Amount can also be transferred directly through NEFT (Click for details).

    Loan Insurance

    • Members who have availed conveyance loan prior to 01 Oct 2009 have now been insured w.e.f 01 Oct 2012 as the same was not insured earlier.

    Refund of Loan

    • Partial refund of loan can be made once in a financial year. Minimum amount to be refunded is Rs 1 Lac, Rs50,000/- and Rs25,000/- for Officers, Airmen and NCs(E) respectively. Refund can be made as per procedure mentioned in the above para.
    • Wef 01 Oct 09, AFGIS has introduced Motor Conveyance loan Insurance Scheme, a one time non refundable contribution will be deducted from the sanctioned amount to insure the conveyance loan of a member against all types of deaths up to the period of liquidation of the loan amount or till the date of release/superannuation from IAF whichever is earlier.
    • The scheme is compulsory for all loanees, who have availed loan on or after 01 Oct 09. Wef 01 Oct 2012 the Scheme is compulsory for all loanees who have availed loan prior to 01 Oct 2009. Based on the term of loan, break down of one time non-refundable contribution for a loan amount of Rs1,00,000/- for different categories of members (viz officers, airmen and NCs(E) is as follow :-
    One time Non-refundable Contribution towards Conveyance Loan Insurance for Rs.1,00,000/-

    TERM (YEARS)
    OFFICERS
    AIRMEN/ NCs(E)
    1
    134
    110
    2
    257
    209
    3
    379
    308
    4
    502
    405
    5
    625
    502
    6
    749
    599
    7
    873
    696
    8
    997
    704
    9
    1121
    787
    10
    1245
    869
    11
    1369
    952
    12
    1494
    1034
    13
    1619
    1117
    14
    1744
    1199
    15
    1871
    1281
    NOTE : If the loan is sanctioned for the fraction of a year, average contribution of both integral term will be taken. Example, if a loan is sanctioned for 31 months then, the contribution will be (contribution for 2 year term loan + contribution for 3 year term loan ) / 2.
    EXAMPLE:
    An officer availing a car loan of Rs.4.80 lacs for 31 months, contribution will be:-
    4.8 x (Rs.257 + Rs.379) / 2 = Rs. 1526.4 rounded to Rs.1526.
    An airman / NCs (E) availing a scooter loan of Rs.45,000/- for 31 months, contribution will be :-
    0.45 x (Rs.209 + Rs.308) / 2 = Rs. 116.325 rounded to Rs.116.

    Personal Computer Loan (PCL)

    Eligibility

    • All Officers are eligible for the PC Loan. (after 6 months from the date of commission)
    • Airmen who have rendered not less than 2 years of service are eligible.
    • Re-employed personnel are not eligible for the loan.
    • NCs(E) with more that 10 years of service and with no other AFGIS loan outstanding.
    • The applicant should be a member of the latest life insurance scheme of AFGIS in vogue.
    • The total deductions from the pay and allowances on all account including EMI on this loan should not exceed 75% of the gross emoluments or as decided by the BOT from time to time.
    • The applicant should have sufficient service left to liquidate the loan together with interest
    • No loan for purchase of personal computer will be admissible from AFGIS if the applicant has availed personal computer advance from the Govt (Public fund) during the last five years and advance has not been repaid fully to the Govt.
    • Airmen with less than 5 years of service and who have already availed any other loan from AFGIS are not eligible.
    • Members with two or more discipline entries (Red/ Black) and if eight years have not lapsed from last entry, will not be eligible for loan from the Society. This will not include entries incurred during ab initio training.

    Quantum of Loan
    • The maximum amount of loan for purchase of personal Computer & printer will be Rs.30,000/- or 75% of anticipated price thereof whichever is less subject to the repaying capacity of the individual .
    Second Loan
    • Second Computer Loan is permitted provided the previous loan is cleared. Enhancement of Computer Loan is also admissible only once if required.
    Recovery
    • The recovery of loan together with interest will be in such a number of equal monthly installments as the individual may elect or upto their date of retirement as per present engagement, but not exceeding 100.

    Processing Fees
    • The processing fees as applicable from time to time for computer loan (non refundable) will be deducted from the amount sanctioned.

    DEPUTATION

    Regular contribution to the scheme is imperative for the members to keep the insurance policy alive. Personnel who have availed long-term loans from AFGIS are required to ensure timely remittance of EMI (Equated Monthly Installment).

    Personnel who proceed on deputation posting abroad are required to pay their contribution and loan repayment installments directly to AFGIS as their IRLA are ceased to be maintained by AFCAO.

    Remittance is to be made well in advance so that the dues are to be realised by AFGIS on or before 7th of every month for which recovery is due. Default in timely remittance leads to lapse in cover of the insurance policy thus denying the benefit due to next of kin. In case of aircrew members, lapse of FPLI leads to inadmissibility of Flying Allowance.

    Procedure for Direct Remittance by Member Personnel on Deputation/posting abroad eligible for direct remittance of AFGIS dues are to ensure the following :-
    • All remittance to be made by Bank Demand Draft payable at New Delhi in favour of AIR FORCE GROUP INSURANCE FUND"
    • Cheques are not acceptable unless such cheques are against branches of Banks operating in (Local clearing cheques).
    • Members may issue standing instructions to the bank for monthly remittance to "AFGI FUND A/C No. 900048" Canara Bank, Subroto Park, New Delhi - 110 010.

    EX GRATIA AWARD TO AIRCREW DECLARED MEDICALLY UNFIT PERMANENTLY FOR FLYING DUTIES

    Aircrew Officers and Airmen declared medically unfit permanently for flying duties and are retained in IAF, cease to draw flying allowance. To compensate the loss and the lapse of FPLI-81/FPLI-14 insurance cover, wef 02 Feb 2012, the ex gratia award is admissible to aircrew members @ Rs.5,000/- to officers and Rs.2,500/- to airmen per month from the time they forfeit the insurance cover under FPLI-81/FPLI-14 till their retirement/ superannuation/ invalidment or for a period of 24 months which ever is earlier subject to the following conditions.

    o Declared permanently unfit for flying duties for medical reasons only.
    o Ceased to draw flying allowance.
    o Continued to be retained in service.

    All other existing conditions are applicable mutatis-mutandis for payment of Ex Gratia Award.

    Exgratia amount paid from the Society is to be refunded on up-gradation of medical category and authorisation of flying allowance.

    FINANCIAL ASSISTANCE TO OFFICERS HOSPITALISED BEYOND SIX MONTHS

    Wef 01 Oct 2011 the financial assistance to officers hospitalised beyond six months has been increase from Rs. 3,000/- to Rs.10,000/- per month where hospitalisation is not attributable to service and pay and allowances have been reduced to 50% ie furlough rates. The assistance is admissible to six months/discharge from hospital or release form IAF whichever is earlier.  

    GRANT OF SUBSIDY TO WIDOWS OF AIR WARRIORS WHO DIE IN AN ACCIDENT WHILE IN SERVICE FOR PROCURING DWELLING UNITS

    The object of the scheme is to provide financial assistance to widow of Officer/Airmen/NCs(E) who die in an accident while in service, subsidy is provided to widow to procure dwelling units from all the sources viz. AFNHB/ AWHO/ civil housing agencies including private builders and for self construction. The amount of grant is Rs. 6 lakh and Rs. 4 lakh for Officers and Airmen/NCs(E) respectively which is shared by AFGIS/ IAFBA/ AFWWA(c)/ CWF in the ratio of 60:20:10:10 respectively, revised wef 05 Aug 2013.

    Conditions for admissibility of Subsidy. The subsidy will be granted subject to the following conditions :
    • The subsidy will be payable to the widows of the AF personnel killed in accident while in service subject to the provision that the widow would occupy and live in the dwelling unit.
    • The widow of the deceased Officer/ Airman/ NC(E) should not be already owning a dwelling unit.
    • Acquisition of the dwelling unit will be applicable in the schemes of AFNHB/ AWHO/ Civil housing agencies including private builders and for self construction.
    • If an Officer/ Airman/ NC(E) had already purchased a dwelling unit and full payment had not been made, the scheme will cover such cases also.
    • The house can not be sold out or let out for 10 years after receipt of the subsidy amount and the widow will be required to give an undertaking to this effect in the prescribed forms.
    • Above mentioned conditions would also be binding upon legal heir(s) of the widow in case she demise before 10 years of the possession of the dwelling unit.
      • In case where the deceased Officer/ Airman/ NC(E) has availed House Building Loan (HBL) from AFGIS or any other scheduled bank/ any other housing finance agency and the HBL so availed was insured and as a consequence of such insurance the repayment of outstanding amount of HBL was exempted, then, in such circumstances, the payment of ibid subsidy is not admissible.
      • In case where the spouse of the deceased AFGIS member is a member of AFGIS/AGIF/NGIF, then spouse is ineligible for the subsidy.
      • The subsidy will also be extended to orphaned legitimate children and/ or dependent parents of deceased members also in case a widow did not exist/ had pre-deceased the member on the date of casualty, subject to their meeting all other eligibility conditions. These cases will be put up to BoT for approval on the basis of merits of each case.
    In order to safeguard against misuse of the subsidy scheme, the sale deed would be executed and registered in the joint names of the widow and AFGIS and original documents will be kept in the safe custody of the AFGIS. If the dwelling unit is sold before the completion of 10 years, the widow will have to refund the subsidy amount with interest @15 %. If the dwelling unit is not occupied by the widow, it will be taken back by AFGIS and amount spent by the widow would be returned to her.

    In case where the deceased Officer / Airman / NC(E) has availed the House Building Loan (HBL) from AFGIS or any other scheduled bank / any other housing finance agency and the HBL so availed was insured and as a consequence of such insurance the repayment of outstanding amount of HBL was exempted, then, in such circumstances, the payment of ibid subsidy is not admissible.
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