Government have introduced A.P.S.E.G.I.Scheme w.e.f. 01-11-1984 vide G.O.Ms. No. 293 Fin. Plg. Dept. Dt.08-10-1984 . A group insurance scheme is essentially a health/medical insurance plan that cover all the members of a particular group, in this case, employees of an organisation. In a group insurance policy, members get insurance cover at a reduced cost as the provider's risk