Comparison AGIF - Lt Col Jasper Sandhu

AGIF

A comparison of Insurance cover and duration of cover provided to The Generals and The Jawans

                  GENERALS
-No of Generals.                                             350 (Approx)

-monthly premium                                          Rs.  5,000/-
-Annual premium                                           Rs. 60,000/-
-Lt Generals Insurance  Cover up to age        60 years
-COAS  Insurance Cover up to age .              62 years

-Annual contribution                                      Rs. 60,000/-
Total Contribution by The Generals is :-
-60,000/- Multiplied By 350  =                      Rs. 21,000000/-
i.e. Two Crore and ten Lakhs only
                         
                       
                     JAWANS

-No of Jawans 13000000                                (13 Lakh)  (Approx)

-Annual contribution                                       Rs. 30000/-
Total Contribution by Jawans to AGIF
- Rs 30,000/- multiplied by I300000  =          Rs. 3900,0000000/-
Rs Three Thousand nine hundred Crores .

-The Major contributor to AGIF is The Jawans.
-Please note The Jawans are manning The country's Border from the day of joining Service, to the day of leaving service.


Now these jawans who are more than 95 percent contributors to AGIF their insurance cover is withdrawn  at age 35 -40 years.

-The COAS and Lt Generals are not even one percent contributors are getting Insurance cover up to the age of 62 and 60 !!!!

-Is this  FAIR ?

-The Jawans At the age 35, 40 are loaded with responsibility.

-How can we withdraw this security cover to these men who have provided security to the Nation from the day they joined service to the day they have retired.

Is it Fair?

NOTE
On Retiring Jawans are not secure for two reasons:-
-He is now unemployed
-The Insurance Security cover which he had, that too against his own contribution is also withdrawn


Now Why is Security cover withdrawn ?

-Jawans while in service, he is young and Physically fit, as he grows in age, THE RISK FACTOR  will keep increasing each year.


Each growing year, he is becoming a greater liability,each year. That is the Reason he is shed at this young age.

His money has been used for Twenty years and Security cover is withdrawn when he needs it most.

Please note the day he retires same day another Jawan is enrolled so strength never decreases, meaning the quantum of money will never decrease. The Corpus will always be a huge amount.ie Rs 3900,0000000/- multiplied by number of years you can see the figures!!!!

Lt Col Jasper Sandhu