Very Useful information about National Pension Scheme (NPS) for all Teachers who are in CPF.

Very Useful information about National Pension Scheme (NPS) for all Teachers who are in CPF.

Important Link

Download Useful Information : Click Here

Form 103 GD (Form for Withdrawal by Claimant due to Death of Government Employee)

As the function of pension relates to Right and being not under the provisions of the section 10 (1) of the Comptroller and Auditor General (Duties, Powers and Conditions of Service) Act, 1971. The State Government, with a view to expedite the disposal of the pension cases, decided to take over the dealing of pension from the Accountant General with effect from 1.4.1988 vide Govt.in Finance Department’s Government Resolution No. DPP/4887/453(1)/ P-1 dated 21.8.1987 .

Pension Payment Authority is being issued to all government servants eligible for pension on receipt of pension (sanction) papers duly sanctioned by the competent authority. Pension of the Class IV employees has been assigned to the Assistant Examiner of the District concerned vide Finance Department’s Resolution No. Misc./2000/D/903/P dated 16.3.2001 but it has been decided that work relating to authorization of the pension of the Daily wage workers, kotwals, Class-IV employees of Grant-in-Aid institutions, will be dealt by Directorate of Pension and Provident Fund only, as mentioned in this office Circular No.DPP/LM/Class IV/804/312 dated 27.3.2001. Pension of class IV employees has been assigned with effect from 01/12/2010 to Directorate of Pension and Provident Fund vide Finance Department’s Resolution No. Dated 10/02/2011. Pension work of District Panchayat Employees and Primary Teachers of the Panchayat has been taken over by Directorate of Pension and Provident Fund office vide Finance Department Resolution No: PRCH-102010-1617-CD-462|2014)-P Dated: 14/11/2014 w.ef-01/06/2015 Resolution No: PRCH-102010-1617 CD-462|2014)-P Dated: 26/12/2014 . Pension work of Academic staff of approved grant in aid primary schools and regular appointed employees of nagarpalika converted from gram & nagar panchayat vide finance departmant resolution no - PRCH - 102010 - 1617 - p dated: 01/03/2016.

Health insurance is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance is risk among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement.[1] The benefit is administered by a central organization, such as a government agency, private business, or not-for-profit entity.

According to the Health Insurance Association of America, health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment".[2]:225

A contract between an insurance provider (e.g. an insurance company or a government) and an individual or his/her sponsor (that is an employer or a community organization). The contract can be renewable ( annually, monthly) or lifelong in the case of private insurance. It can also be mandatory for all citizens in the case of national plans. The type and amount of health care costs that will be covered by the health insurance provider are specified in writing, in a member contract or "Evidence of Coverage" booklet for private insurance, or in a national [health policy] for public insurance.

(US specific) In the U.S., there are two types of health insurance - tax payer-funded and private-funded.[3] An example of a private-funded insurance plan is an employer-sponsored self-funded ERISA plan. The company generally advertises that they have one of the big insurance companies. However, in an ERISA case, that insurance company "doesn't engage in the act of insurance", they just administer it. Therefore, ERISA plans are not subject to state laws. ERISA plans are governed by federal law under the jurisdiction of the US Department of Labor (USDOL). The specific benefits or coverage details are found in the Summary Plan Description (SPD). An appeal must go through the insurance company, then to the Employer's Plan Fiduciary. If still required, the Fiduciary's decision can be brought to the USDOL to review for ERISA compliance, and then file a lawsuit in federal court.

The individual insured person's obligations may take several forms:[citation needed]

Premium: The amount the policy-holder or their sponsor (e.g. an employer) pays to the health plan to purchase health coverage. (US specific) According to the healthcare law, a premium is calculated using 5 specific factors regarding the insured person. These factors are age, location, tobacco use, individual vs. family enrollment, and which plan category the insured chooses.[4] Under the Affordable Care Act, the government pays a tax credit to cover part of the premium for persons who purchase private insurance through the Insurance Marketplace.[5](TS 4:03)

Deductible: The amount that the insured must pay out-of-pocket before the health insurer pays its share. For example, policy-holders might have to pay a $7500 deductible per year, before any of their health care is covered by the health insurer. It may take several doctor's visits or prescription refills before the insured person reaches the deductible and the insurance company starts to pay for care. Furthermore, most policies do not apply co-pays for doctor's visits or prescriptions against your deductible.

Co-payment: The amount that the insured person must pay out of pocket before the health insurer pays for a particular visit or service. For example, an insured person might pay a $45 co-payment for a doctor's visit, or to obtain a prescription. A co-payment must be paid each time a particular service is obtained.

Coinsurance: Instead of, or in addition to, paying a fixed amount up front (a co-payment), the co-insurance is a percentage of the total cost that insured person may also pay. For example, the member might have to pay 20% of the cost of a surgery over and above a co-payment, while the insurance company pays the other 80%. If there is an upper limit on coinsurance, the policy-holder could end up owing very little, or a great deal, depending on the actual costs of the services they obtain.

NPS Withdrawal Forms

Read Important instructions in Gujarati : Click Here 

Form 103 GD (Form for Withdrawal by Claimant due to Death of Government Employee) Download Pdf 

Indemnity Bond Download Pdf 

Relinquishment Deed Download Pdf 

KYC Form Download Pdf 

NOC Form Download Pdf 

Form 601 PW (Partial Withdrawal Form for Tier I account) Download Pdf 

Annexure_Addition Withdrawal Details Download Pdf

Exclusions: Not all services are covered. Billed items like use-and-throw, taxes, etc. are excluded from admissible claim. The insured are generally expected to pay the full cost of non-covered services out of their own pockets.

Coverage limits: Some health insurance policies only pay for health care up to a certain dollar amount. The insured person may be expected to pay any charges in excess of the health plan's maximum payment for a specific service. In addition, some insurance company schemes have annual or lifetime coverage maxima.