I am sharing the details of the Bill Regarding FG Employees Group Insurance and Benevolent Fund 2024. The bill has been presented in the National Assembly of Pakistan. The details are as follows:

Bill Regarding FG Employees Group Insurance and Benevolent Fund 2024

As introduced in the National Assembly

A Bill Further to amend the Federal Employees Benevolent Fund and Group Insurance Act, 1969 (Act No. II of 1969).

WHEREAS it is expedient further to amend the Federal Employees Benevolent Fund and Group Insurance Act, 1969 (Act No. II of 1969) for the purposes hereinafter appearing;

It is hereby enacted as follows:

Short title and commencement:

(1) This Bill may be called the Federal Employees Benevolent Fund and Group Insurance (Amendment) Bill, 2024.
(2) It shall come into force at once.

Amendment of section 13, Act II of 1969:

In the Federal Employees Benevolent Fund and Group Insurance Act, 1969 hereinafter referred to as the said Act, in section 13, after sub-section (5), the following new sub-section (6) shall be added, namely:

“(6) Where, on or after commencement of the Federal Employees Benevolent Fund and Group Insurance (Amendment) Act, 2024, an employee dies, he shall be entitled to receive such lump sum grant from the benevolent fund as may be prescribed.”

Amendment of section 18, Act II of 1969

In the said Act, in section 18, the existing sub-section (1) and (2) shall be renumbered as sub-section (2) and (3), and the following new sub-section (1) shall be inserted, namely:

“(1) On the retirement of an employee, the sum assured shall be paid to him.”

STATEMENT OF OBJECTS AND REASONS

Federal Government is liable to pay the insurance and benevolent fund such sum of money as may be prescribed as a premium for the insurance and benevolent fund. The amount of such premium is as far as possible deducted at source from the pay of employees and credited or remitted to the insurance and benevolent fund. It has been noticed that despite paying it aforesaid heads, an employee can only benefit from these schemes in one particular, i.e. if he dies during service. This is usually unjust, keeping in mind that an employee pays, year after year, under the aforesaid heads, and he is denied his entitlement to the benefits of Benevolent Fund and insurance. Therefore, there is a need to amend the law and make it mandatory for the government to pay the benefits of the Benevolent Fund and insurance to the employees at the time of their retirement.

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