EVERYTHING IS FREE IN ARMED FORCES....THE SOLDIERS DIE FOR FREE..................................
The issue is regarding Insurance for Serving Military Personnel.
Presently the monthly insurance premium is Rs 5000 for officers and Rs 2500 for JCOs for a sum assured of 50 lakhs and 25 lakh respectively, which is deducted from their salary.
The Mkt Rate for 'Normal Life Insurance' (without covering war and other risk of war and terror ops) for a ANNUAL premium of RS 4000 for a sum assured of Rs 1 crore.
The heavier premium paid by soldiers is about 220% higher than normal due to the additional war and terror risks.
Govt does not fund the Army Group Insurance Scheme at all and the soldiers not only risk their life for the country but also pay in cash for taking such risks.
The salaries of the officers who are posted to HQ AGIF to manage these activities are again paid from corpus raised from the salaries and not by the Govt. (The money is refunded to CDAs by AGIF)
In other countries like the USA,every soldier is insured regardless of rank for a monthly premium of 27 dollars for sum assured of 4 lakh dollars. This is made possible by the federal govt law by which the heavy premium is borne by the federal govt.
In India, we virtually and effectively ask the soldiers to risk their lives and also pay for it too.
SO YOU THOUGHT EVERYTHING IS FREE IN ARMED FORCES....YOU ARE VERY RIGHT ...THE LIVES PROTECTING YOU ARE FREE.....THEY PAY FROM THEIR SALARY FOR THEIR INSURANCE SHOULD THEY DIE PROTECTING YOU.
EVERYTHING IS FREE IN ARMED FORCES....THE SOLDIERS DIE FOR FREE
J.KANNAN, M.Com, FIATA
"WE DON'T THINK TO BREATHE
WE BREATHE TO THINK"
WE BREATHE TO THINK"
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