The Full Form of GSLI is Group Savings-Linked Insurance.

The Group Savings Linked Insurance Scheme (GSLIS) launched by the Life Insurance Corporation of India was introduced for the welfare of the employees w.e.f. 20-04-1988, vide circular No.BDL/04/83 dt.03-02-1988.

The salient feature of this scheme are given at Annexure ‘A’ as amended in accordance with the enhanced coverage by LIC since April 1993. An example in respect of maturity value has been given in Annexure ‘B’ which proportionately varies with the insurance coverage. The rules governing this scheme as amended from time to time are as under :
Authority 1 (1) Based on the salary and the parameters prescribed BDL/04/83 by the LIC, the employees of BDL have been Dt.03.02.88 categorized into four groups.
Authority 1(2) The monthly premia and the insurance coverage BDL/04/83/ against each group as applicable from April 1992 is GSLIS/63 indicated below

Dt.11-03-1992

Category Grade / W Groups Monthly
of BDL Premium

A Grade V & above Rs.240.00
B Grade I to IV Rs. 180.00
C WG-2 to 12 Rs. 120.00
D WG- 0 &1 Rs. 60.00