Guarantee Benevolent Scheme
Guarantee Benevolent Scheme (GBS)
The Guarantee Benevolent Scheme (GBS) was set up to provide the following benefits to members against a monthly contribution of Rs20:
(i) Assistance for medical treatment;
(ii) Grant on the death of contributor’s spouse; and
(iii) Grant on death of contributor.
It has been phased out since December 01, 2000 and members could no more join this scheme thereafter.
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