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Introduction:
The APGLI Department has a very long and glorious history. It is one of the oldest departments in the
State. The Scheme was originally started during 1907 by the Nizam of erstwhile State of Hyderabad for
the welfare of employees.
A Management Committee used to run the scheme initially in the name of Family
Pension Fund. Later the scheme was renamed as Hyderabad State Life Insurance Fund
in the year 1913.
After formation of Andhra Pradesh state in 1956, the scheme was changed as
"Andhra Pradesh Life Insurance Fund" and subsequently named
as "Andhra Pradesh Government Life Insurance Fund" and was made mandatory to all Government Employees.
The first Managing Committee meeting after formation of Andhra Pradesh State consisting of 4 members, one Secretary and a President was held on 25-9-1957 and Sri B.Gopala Reddi, the then Honorable Finance Minister was President of the meeting.
APGLI Scheme is a Social Security Measure for the welfare of the Government Employees. The Policyholders will get full Sum Assured plus Bonus till date of Maturity of policy and in case of premature death, their legal heirs will receive full Sum Assured plus Bonus till date of death. In case, if the Policyholder quits Government Service and opts to surrender his/her policy, policyholder gets Surrender Value of the policy.
APGLI Department is under the Administrative Control of Finance Department.
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