|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-81 (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.3.50 Lakh (for Flying Branch Officers only).
Airmen : Rs.25 Lakh + Rs.1.75
Lakh (for Airmen Aircrew only).
NCs(E) : Rs.12.5 Lakh.
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
Nomination by Exception
- 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.
(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.
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 Retired Personnel Cumulative Deposit Scheme
(RCDS) of AFGIS until the beneficiary becomes major or submission of Guardianship
certificate from court of law.
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
Note : Part II of the Death Claim (AFGIS
230) is to be attested by Magistrate / AOC / Stn Cdr / CO of any Air Force Unit
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 earliestt.
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.
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.
- Personnel detected with disability in Release Medical Boards.
- Personnel who refuse alternate employment (Remustering) on being detected
with a 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 :
Disability Claim Forms :
- 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.
Following Forms need to be filled in order to avail disability benefit from the
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-05 scheme However, this facility is not available to members against whom AFGIS/ IAFBA loans are outstanding.
|Years of service completed
||Maximum %age withdrawal permitted|
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.
In order to facilitate AF personnel in getting adequate loan for house, conveyance
and computer, AFGIS has been giving loans as a welfare measure since 1988.
Many changes have been incorporated in the rules and regulations for grant
of loans since then, accommodating the requirements of the members, and market
influences. This is a consolidation of all the provisions as amended till
date. The provisions are subject to change from time to time.
AFGIS gives loans for House building , Conveyance and Computer .
Maximum Sanction Amount for All Categories (Officers, Airmen and NC(s)E) under House Building Loan is Rs.35,00,000/-
| SL No.
House Building Loan Slabs
Rate pa on Monthly Reducing Balance
Upto Rs.7 lakhs.
Above Rs.7 lakhs
& upto Rs.15 lakhs.
Above Rs. 15
lakhs & upto Rs.35 lakhs.
For additional HBL, 2nd and
subsequent HBL, for renovation/ Extension of existing house.
The present rate of interest is subject to change
as approved by BoT (board of trustees) from time to time.
However, loan for renovation of existing house would
be available up to a maximum of Rs. 35 lakh including the originally availed
amount at an interest of 10.5%. Such loans as per the existing policy would
be sanctioned only once provided the previous loan is outstanding wherein the
EMI is being recovered.
For purchase of residential plot, 50% of the revised
maximum home loan amount under each category would be available as per the existing
Contributing for the home loan insurance will be charged
based on the quantum of loan availed as per the existing policy. Also, 0.1%
of the loan amount will be charged as processing fee without any ceiling on
maximum amount against the existing maximum ceiling of Rs. 1,000/-.
All other terms and conditions of extending the home
loans remain same as approved by the BoT from time to time.
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
Precentage of Sanctioned Amount
to be Released
|Condition for Release of Installment
On approval of Loan application
On confirmation of construction
up to plinth level.
On confirmation of construction
up to lintel level.
Forth & Final
On completion of constuction 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 duly attested/certified by the local
competent civil authority/local IAF authorities/AFA/Zila Sainik Board. AFGIS
will carry out regular verification of randomly selected cases through appropriate
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/
Only those members of AFGIS who are members of GIS-2005
are eligible for loans. Any Final withdrawal from Survival Benefit restricts
your quantum of loan from AFGIS. No loan is, however, sanctioned once the DOD
(Date of Discharge)/ Retirement Order/ Premature Retirement Order has been issued.
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
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
The applications can be obtained from AFGIS across the counter
on cash payment or Demand Draft in favour of "AIR FORCE GROUP INSURANCE SOCIETY"
payable at Delhi by post. The applications at times are also made available
through SI at units. Only applications sold by AFGIS are accepted for processing.
The application contains all the relevant information including the instructions
to fill in the application. Generally the maximum time required for processing
the application, which is complete in all respects, is a week and 10 working
days for conveyance/ computer loan and 20 working days for House building loan
respectively from the date the application is received in AFGIS.
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
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.
RTGS code : IOBA0000408
A/C No. : 040802000000658
Bank Branch : IOB, RK Puram
Beneficiary : Air
Force Group Insurance Society
Refund of Loan
Partial refund of loan can be made once in a financial year.
Minimum amount to be refunded is Rs. 1 Lac, Rs.50,000/- and Rs.25,000/- for
Officers, Airmen and NCs(E) respectively. Refund can be made as per procedure
mentioned in the above para.
Second House building loan is permitted at a higher rate
of interest after liquidating the previous house building loan.
Second House building loan 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
beyond the service period subject to a maximum of 10 years in case he has less
than 05 years and 10 years of service left for his retirement for conveyance
loan and House building loan respectively. 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 RPIS scheme.
Annual Statement(House Loan Only)
The annual statement issued to each member who has drawn
a loan, 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.
Ammendments 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.
House Insurance Loan Policiy (Wef 01 Nov 05)
Personnel have availed the loan either upto the death cover
or in excess of it. Under such circumstances, in the event of death, the financial
benefits get adjusted against the loan outstanding, leaving the NOK in financial
hardship. In order to overcome this situation, wef 01 Nov 05, AFGIS intends
to insure outstanding principal of House Building Loan at any time during the
term of the loan against "all types of deaths". The one time non-refundable
contribution will be charged for the full tenure of the loan or upto the date
of release from IAF whichever is earlier.
The year wise break down of one time non-refundable contribution for Rs.10,000/-
of house loan is as follows :
|Term (In Years)
One time non-refundable contribution will be calculated
for amount in multiples of ten thousand and will be charged on a 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).
The salient features of the Loan Insurance Policy are as follows: -
The scheme will be compulsory for all fresh loans sanctioned
wef 01 Nov 05
If the loan is disbursed in one lumpsum then the one time
non-refundable contribution towards loan insurance will be charged from loan
In case the loan is disbursed in installments then contribution
will be charged as per the installment released. For example, if an individual
avails a loan of Rs.10 lakhs in 20 years (240 installments) and plans to take
the loan in installments of Rs.2 lakhs after a gap of 6 months and opts for
EMI then at the time when the 1st installment is released he will be charged
contribution on Rs.2 lakhs for 20 years, at the time of release of 2nd installments,
which is after 6 months, the contribution will be charged on Rs.2 lakh for 19
½ years (234 installments, i.e. rounded of the full year which means for 20
years). Contribution will be charged in the same manner for the balance installments.
In case the non-refundable contribution is upto Rs.4000/-
for Officers and Rs.2000/- for Airmen / NCs (E) then it will be charged from
the IRLA as part of fractional interest. If the contribution is more than the
said amount it will be deducted from the loan amount being paid to the individual.
However, members would be given option to choose between recovery through IRLA
or deduction from loan sanctioned.
In case a loanee wishes to foreclose the loan by lump sum
refund or wishes to reduce the repayment period then the contribution paid will
not be refunded.
In case, an existing loanee, i.e. loans sanctioned prior
to 01 Nov 05, wishes to avail an additional loan then the non-refundable contribution
for loan insurance will be charged on the outstanding loan plus additional loan
Loans sanctioned prior to 01 Nov 05 but installments released
after 01 Nov 05 will not fall within the gambit of insurance.
In case an individual opts to repay the loan in higher number
of installments than what he had opted for initially then in such cases the
difference in contribution will be charged from him along with the interest
as per rate applicable for house loan compounded annually.
In respect of individuals who have opted for repayment of
loan beyond the date of retirement by pledging the NE benefits, on extension
of service, when continuing to repay the loan, the non-refundable contribution
will be charged on the principal outstanding at the last installment as per
the original date of retirement and the period of extension now granted or the
balance tenure of the loan which ever is earlier.
The non-refundable contributions so received will be retained
in the "Risk Pool Reserve - House Loan A/c" of the Society. As and when death
occurs of a loanee the principal outstanding as on at the end of the previous
month of the month in which death occurs will be adjusted from the subject account.
No amount will be recovered from the death benefits due from AFGIS if the principal
Application / Processing Fee &
The applications can be obtained from AFGIS across the counter on cash payment
or Demand Draft in favour of AFGI fund payable at by post. The applications
at times are also made available through SI at units. Only applications sold
by AFGIS are accepted for processing. The application contains all the relevant
information including the instructions to fill in the application. Generally
the maximum time required for processing the application, which is complete
in all respects, is 20 working days from the date the application in complete
is received in AFGIS.
Conveyance LoanDocuments Required Eligibility
: All officers (After six months from the date of commission) and SNCOs with pensionable service are eligible.
: 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 8 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
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.
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 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.
The one time non refundable processing as applicable shall
be deducted from the loan sanctioned.
For Conveyance Loan the amortization plan is attached with the sanction letter addressed to the applicant on sanction of the loan.
Second Conveyance Loan
Second Conveyance Loan is permitted provided the previous loan is cleared. Enhancement of Conveyance loan/ Computer Loan is also admissible if required, bu only once.
Extending the Period of Repayment Beyond the Retirement
The applicant can also opt to pay the installments of EMI beyond the service period subject to a maximum of 10 years in case he has less than 05/ 10 years (for Conveyance loan/ House Building Loan respectively) 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, with AFGIS under the RPIS scheme.
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 "AFGI Fund",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. As per the details given below
RTGS code : IOBA0000408
A/C No. : 040802000000658
Bank Branch : IOB, RK Puram
Beneficiary : Air Force
Group Insurance Society
Refund of Loan
Partial refund of loan can be made once in a financial year. Minimum amount to be refunded is Rs. 1 Lac, Rs.50,000/- and Rs.25,000/- for Officers, Airmen and NCs(E) respectively. Refund can be made as per procedure mentioned in the above para.
Conveyance Loan Insurance
Wef 01 Oct 09, AFGIS has introduced Motor Conveyance loan Insurance Scheme scheme vide Air HQ/, A one time non refundable contribution will be charged from IRLA 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.
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.
The scheme is compulsory for all loanees, who have availed loan on or after 01 Oct 09. Based on the term of loan, break down of one time non-refundable contribution for a loan amount of Rs.1,00,000/- 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/-
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.
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.
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 80% 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.
Quantum of Loan
The maximum amount of loan for purchase of personal Computer & printer will be Rs.30,000/- or 80% of anticipated price thereof whichever is less subject to the repaying capacity of the individual .
Second Computer Loan is permitted provided the previous loan is cleared. Enhancement of Computer Loan is also admissible only once if required.
The recovery of loan together with interest will be in such a number of equal monthly instalments as the individual may elect or upto their date of retirement as per present engagement, but not exceeding 100.
The processing fees as applicable from time to time for computer loan (non refundable) will be deducted from the amount sanctioned.
For Computer Loan the amortization plan is attached with the sanction letter addressed to the applicant on sanction of the loan.
Cheque will be issued in favour of applicant only .
Loan will be granted in present term/Engagement only.
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 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 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 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.
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 hostital or release form IAF whichever is earlier.
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 respectivel.
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 proviso that the widow would occupy and live in the dwelling unit.
- The widow of the deceased Officer/ Airman/ NCs(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/ Airmen/ NCs(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 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 / NCs(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.