Chief of the Air Staff (CAS) Addresses the Combined Annual Meet of AFGIS and IAFBA
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- Published: Thursday, 17 September 2015 13:40
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Press Information Bureau
Government of India
Ministry of Defence
17-September-2015 17:11 IST
The Air Chief in his first part of his address, reviewed the performance of the association during 2014-2015. He lauded the role of IAFBA by conveying that it has been proactive and made a positive impact to the aspiration of air warriors, both serving and retired. The Air Chief also highlighted the humanitarian schemes being run by the association which included merit based scholarships, schemes of special children, disbursement of education loan, welfare loans, performing decent last rites of deceased air veterans etc.
He also brought out that the IAFBA was completing 75 years of its existence on 22 November 2015. Towards this, the Air Chief also released a ‘First Day Cover’.
In the second part of the address, the Air Chief highlighted some significant measures initiated by the AFGIS to enhance the financial security of serving & retired air warriors serving and retired. The important ones include credit of 0.5% of bonus to the survival benefit, the sustenance of the interest rate of 10% per annum on the survival benefits, the flying pay linked insurance scheme wef 01 October 2014, Social Security Deposit Scheme for benefit of widows and next- of- kin of air warriors, facility of SMS alerts to retiring members about remittance of survival benefits, and enhanced insurance cover to air veterans and increase of house building loan from existing Rs. 35 Lakh to Rs. 50 Lakh wef 01 October 2015.
In his concluding address, the Air Chief complimented both the associations for their significant contribution towards financial security of the air warriors, air veterans and their families, and also directed them to continue to provide meaningful welfare service to their members.
RCD/MKS