Welfare:Indian Coast Guard

Naval Group Insurance Scheme

Naval Group Insurance Scheme is a risk cum saving scheme. The general scheme covering all Naval & Coast Guard personnel has been revised w.e.f. 01 Apr 2010, and the rates of subscription and various benefits admissible to members are as follows:-

Naval Group Insurance Scheme
(All figures are in Rupees)		Officer	Sailor/Navik
(a)	Monthly Contribution	4000	2000
(b)	Insurance Cover	40,00,000	20,00,000
(c)		20,00,000	10,00,000
Pro-rata disability benefit is admissible for 20% and above disability.

Post Retirement Insurance Scheme cover against death only is provided on payment of one time non refundable contribution by officers and sailors on their retirement from the service on completion of pensionable service. This insurance cover does not cover professional flying risk. The period of cover and sum assured for members who join the scheme are follows:

II. Post Retirement Death Insurance Extension Scheme
(All figures are in Rupees)	Monthly Contribution	Officer	Sailor
(a)	Single Non-Refundable one time Contribution	20775	15500
(b)	Insurance Cover	4,50,000	2,00,000
(c)	Period of Cover	30 years from the date of retirement or upto 75 years of age, whichever is earlier