Federal Employees Benevolent and Group Insurance Funds (FEB & GIF)
Автор: Alpha Registrar
Загружено: 2026-02-01
Просмотров: 8
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Overview of the Federal Employees Benevolent and Group Insurance Fund
Describe the Federal Employees Benevolent and Group Insurance Funds (FEB & GIF), a government-led organization established in 1969 to support Pakistani federal workers and their families. Managed by a Board of Trustees under the Establishment Division, this entity functions as a social safety net by offering insurance coverage and financial grants for life events such as death, disability, retirement, and education. Recent institutional updates highlight a transition to the Direct Credit System (DCS), which automates monthly payments through the National Bank of Pakistan to improve efficiency. The organization maintains a broad welfare portfolio including marriage grants, burial charges, and student stipends funded by employee contributions. By modernizing its digital infrastructure and expanding legal protections, the fund remains a vital source of financial security for over 649,000 public sector employees.
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