NDA Insurance policy
NDA Insurance policy structure is described below –
Army Group Insurance Fund
Insurance amount of Rs. 15 lakh will be provided to the NDA officers on payment of a one time premium of Rs. 7,200 for 3 years ( pre commission training period). This premium amount is non-refundable. If any cadets want lower term premium, he has to pay Rs. 1355 as an additional premium.
- Less than 20% disability cadets get an Ex-gratia of Rs. 50,000 for the first 2 years and Rs. 1 lakh for the last (third) year.
- 20% disability cadets will get Rs. 3 lakh.
- 100% disability cadets will get Rs. 15 lakh.
Lady/Gentleman Cadets
During pre-commission training, lady/gentleman are insured for Rs.1 crore on payment of Rs. 10,000 per month.
- Less than 20% disability cadets get Rs. 50,000
- 20% disability cadets get Rs. 5 lakh.
- 100% disability cadets get Rs. 25 lakh.
Exceptional cases
If the disability is happened due to alcoholism, drug addicts or pre existing condition , then the cadet is not eligible for the insurance funds.
NDA Salary 2024 : Basic Pay, Allowances & Perks
NDA salary 2024, allowances, and perks are the utmost important factors for the aspirants who are preparing for NDA exam. NDA (National Defence Academy) exam is conducted twice yearly by the Union Public Service Commission (UPSC) to recruit in the Indian Navy, Indian Army, and Airforce. NDA salary 2024 is given as per the 7th pay commission which is a healthy salary. Through this article, we will learn every point in detail related to NDA salary 2024, Basic pay, Allowances, and perks.
Table of Content
- NDA Salary 2024
- NDA Training Period Salary
- Rank wise NDA Salary
- Several factors in NDA Salary
- NDA Perks and Allowances
- NDA Grade Pay
- NDA Insurance policy
- NDA Promotion and Career Growth
- NDA officers Cost of Training
- FAQs: NDA Salary
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