Para 12.24 — MSO (A&E)
Original Rule Text
12.24 In the case of non-gazetted government servants and also those government servants who draw their pay from the Department, the intimation of
The first withdrawal for the payment of premia will be made on the authority of the Accountant General (the authority may be issued without quoting the number of the policy where the Insurance Company has accepted the proposal but has not yet issued a policy).
the Accounts Officers, acceptance of the policy to the Head of the office is a prerequisite before starting financing of the policy from a subscriber's Provident Fund.
What This Means
For non-gazetted government servants and those who draw their pay from the department, the Accounts Officer's formal acceptance of the insurance policy is a prerequisite before the policy can be financed from PF. The first withdrawal for premium payment is authorised by the Accountant General, and this authority may be issued even before the insurance company has issued the actual policy, as long as the company has accepted the proposal.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Accounts Officer's acceptance of the policy is required before PF financing begins
- 2This applies to non-gazetted staff and gazetted officers whose pay is drawn by the department
- 3The AG authorises the first premium withdrawal
- 4Authority can be issued even before the policy is formally issued, if the proposal is accepted
- 5Head of Office receives the intimation of acceptance
Practical Example
A non-gazetted clerk applies to finance a new insurance policy from his GPF. The insurance company accepts his proposal but hasn't yet issued the policy. The AG reviews the case, issues an acceptance of the proposal, and authorises the first premium withdrawal — quoting 'policy number awaited' since the company is yet to assign one.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Can the first PF withdrawal for premium be authorised before the policy is issued?▼
Who must accept the policy before PF financing starts for non-gazetted staff?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.