As per AFI 16/87, 'All personnel who are members of Enhanced Group Insurance Scheme 1982 of Air Force Group Insurance Society shall automatically become members of any other Insurance Scheme floated in future by the Air Force Group Insurance Society. They will be liable to pay insurance premium for the new scheme as fixed by the Air Force Group Insurance Society from time to time.'

Members who have rendered pensionable years of service and qualify to receive service pension are eligible to become member of AVIC.

The main eligibility criteria for joining AVIC is that the member must be in receipt of service pension. SSC officers are not in receipt of service pension, thus they are not eligible to become member of AVIC.

The period of cover under various AVIC scheme is as follows:

The contribution charged for AVIC is non- refundable and does not provide any survival benefit. It is a term insurance policy where one-time lumpsum contribution is paid for providing the insurance cover.

In case of non execution of fresh nomination on demise of nominee, the benefit will be paid to minor children and major unmarried daughter(s). In all other cases, obtaining Succession Certificate from a Competent court of law is mandatory.

Yes, all types of death and pre-existing diseases are covered under AVIC.

AVIC is a term insurance policy formulated on the 'group concept' where factors like mortality rates of different age groups, the required amount of one-time contribution, duration of insurance cover and amount of insurance cover are evaluated by a team of professional actuaries. The benefits of AVIC scheme are :-

(a) Insurance schemes offered by insurance companies invariably require medical examination whereas in AVIC scheme, insurance is provided without any medical check-up.
(b) All members, including those suffering from serious life-limiting illness, are extended cover under the scheme without any restriction.
(c) It provides financial security to the family of an air veteran in case of demise of the air veteran.
(d) The cover period of 75 years (under AVIC 15) is more than the average Indian life expectancy and higher than other available insurance policies.

In a group concept, all members contribute for the benefit of all. The contribution from all the members are reckoned while formulating a scheme to make the scheme economical. In a group concept, the individual has to pay lower premium for obtaining an equivalent insurance cover. A larger group leads to lower insurance premium rates due to economies of scale.

A term insurance policy provides specified life insurance cover for a fixed period. If the insured expires during the period of policy then death benefit is payable to the nominee. These policies are designed to secure family needs in case of death. There is no survival or maturity benefit payable once the policy expires. Premium depends on the age and health of the individual.

100% insurance cover for all members of the AVIC scheme is upto 15 years from the date of retirement, thereafter the cover is reduced to 50% upto the max age as applicable or whichever is earlier. In case, the member completes the max age (period of cover) before completion of 15 years from the date of retirement, the cover is valid upto the max age as applicable to the scheme. Some examples are illustrated below :-

Comparison between Pradhan Mantri Jeevan Jyoti Beema Yojna (PMJJBY) and AVIC are as following :

For issue of duplicate AVIC card and nomination, the member needs to forward the following documents :-

• Indemnity Bond on non- judicial stamp paper of minimum value available duly notarised. (Format can be downloaded from website).
• Fresh nomination on form AFGIS-224 (in duplicate) duly countersigned by Zila Sainik Board / AFA. (Forms are downloadable from website).