• Written By Shayan Patra
  • Last Modified 22-08-2022

Indian Airforce Agniveer Vayu Retirement Package 2022: Perks

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Indian Airforce Agniveer Vayu Retirement Package 2022: The Indian Air Force (IAF) is conducting Indian Airforce Agniveer Vayu recruitment under the Agnipath scheme. Under the scheme, the service period of candidates selected as Agniveer is four years. Candidates interested in the post should know the salary as well as the retirement package and benefits they are entitled to get after the service.

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The starting salary of Indian Airforce Agniveer Vayu is Rs. 30,000/-. Furthermore, candidates will get a fixed yearly increment. In addition, they will get Risk and Hardship allowances, Dress and Travel allowances, leaves, Medical and CSD facilities, and life insurance cover. Continue to read the article to find out more about the IAF Agniveer Vayu Retirement Package.

Indian Airforce Agniveer Vayu Retirement Package 2022

As per the Agnipath scheme, Agniveer Vayu candidates will serve in the Indian Air Force for four years. After the service, they will get a one-time Seva Nidhi package. The Seva Nidhi package comprises their monthly contribution along with a matching contribution by the Government of India (GoI) on completion of their engagement period.

Candidates can check the detailed salary package and retirement package from the table below:

YearSalary
(Monthly)
In Hand
(70%)
Contribution to Agniveers Corpus Fund
(30%)
Contribution to Corpus fund by GoI
1st YearRs. 30,000Rs. 21,000Rs. 9,000Rs. 9,000
2nd YearRs. 33,000Rs. 23,100Rs. 9,900Rs. 9,900
3rd YearRs. 36,500Rs. 25,550Rs. 10,950Rs. 10,950
4th YearRs. 40,000Rs. 28,000Rs. 12,000Rs. 12,000

The total contribution to Agniveers Corpus Fund after four years is as follows:

ParticularsAmount
Contribution to Agniveers Corpus FundRs. 5.02 Lakhs
Contribution to Corpus fund by GoIRs. 5.02 Lakhs
Seve Nidhi Package after four yearsRs. 10.04 Lakhs

Practice Free Indian Airforce Agniveer Vayu Questions

Practice unlimited free Indian Airforce Agniveer Vayu questions at Embibe and boost your confidence to face the examination. Candidates can follow the below-mentioned steps to take the free practice test series:

  • 1st Step: Visit Embibe’s official website, i.e., embibe.com.
  • 2nd Step: Use your mobile number/email to log in.
  • 3rd Step: Select your Goal as ‘Indian Airforce Agniveer Vayu’ under the Government Job section.
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  • 4th Step: Click Next and select ‘Agniveer Vayu (Science Group/ Non-Science Group/ Science and Non-Science Group)’.
  • 5th Step: Click Next and select your preferred language.
  • 6th Step: Once done, you can practice questions and take free mock tests.

Indian Air Force Agniveer Retirement Benefits 2022

Candidates can check all the benefits that Agniveer Vayu will get after joining as well as retirement below:

Leaves

The Agniveer Vayu candidates will get as per the organisation. The following leaves are applicable during the engagement period:

  • Annual Leave: 30 days per year.
  • Sick Leave: Based on medical Advice.

Medical and CSD Facilities

During the engagement period in the Indian Air Force, Agniveervayu is entitled to the medical facility at Service Hospitals as well as CSD provisions.

Life Insurance Cover

Agniveer Vayu will be provided with a non-contributory life insurance cover of Rs. 48 lakhs for the duration of their engagement period in IAF. Furthermore, they are not eligible for Air Force Group Insurance Fund (AFGIS) schemes/ benefits.

Compensation for Death

Agniveer Vayu candidates will not be governed by provisions contained in the Pension Regulations/ Rules for IAF. In case of death, the following will be admissible to Next of Kin (NOK) from the Agniveer Corpus Fund:

  • Applicable Insurance Cover
  • All Other Applicable Compensation

Categorisation of Death

The death for the purpose of provision of financial benefits to Agniveer candidates is divided into the following three categories:

CategoryDetails
Category XDeath due to natural causes is neither attributable to nor aggravated by military service during the engagement period.
Category YDeath due to causes which are accepted as attributable to or aggravated by military service or due to accidents/ mishaps in the performance of duties, including training during the engagement period.
Category ZDuring the engagement period:
– Death due to acts of violence/ attack by terrorists, anti-social elements, enemy, during border skirmishes/ war/ peacekeeping operations/ aid to the civil power, etc.
– During operational preparation and training for war, including battle inoculation training/ exercise.
– Accidental deaths due to natural calamities/ operations specially notified by the Govt, etc.

Compensation for Disability

In case any candidate is placed in the Permanent Low Medical Category (LMC), the authorities will assess the compensation based on the percentage of disability and attributability. The process to determine the extent of disability or functional incapacity for computing the disability compensation is as follows:

Percentage of disability as finally acceptedPercentage to be reckoned for computing disability compensation
Between 20% and 49%50%
Between 50% and 75%75%
Between 76% and 100%100%

Candidates can also check:

Indian Airforce Agniveer Vayu RegistrationIndian Airforce Agniveer Vayu Recruitment
Indian Airforce Agniveer Vayu Application FormIndian Airforce Agniveer Vayu Mock Test
Indian Airforce Agniveer Vayu EligibilityIndian Airforce Agniveer Vayu Preparation Tips
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FAQs on Indian Airforce Agniveer Vayu Retirement Package 2022

Aspirants can check some commonly asked questions related to the Indian Air Force Agniveer Vayu Retirement Package 2022 below:

Q.1: What is the starting salary for Indian Airforce Agniveer Vayu?

Ans: The starting salary for Indian Airforce Agniveer Vayu is Rs. 30,000/-.

Q.2: What is the starting in-hand salary for Indian Airforce Agniveer Vayu?

Ans: The starting in-hand salary of Agniveer Vayu candidates is Rs. 21,000/-.

Q.3: What is the retirement package for Indian Airforce Agniveer Vayu?

Ans: Candidates will get Rs. 10.04 Lakhs as a Seva Nidhi package after four years of service

Q.4: What will be the in-hand salary for Indian Airforce Agniveer Vayu in the 4th year?

Ans: In the 4th year, Agniveer Vayu candidates will get Rs. 28,000/-.

Q.5: What are the Indian Air Force Agniveer retirement benefits 2022?

Ans: Candidates will get a lump-sum amount as a Seva Nidhi package plus interest. Furthermore, they will get will employment opportunities in various branches of the Indian Ministry of Ports, Indian Coastal Guard, CAPF, Assam Rifles, and State Defence posts.

We hope this detailed article on the Indian Airforce Agniveer Vayu Retirement Package 2022 helps you. If you have any queries regarding the exam, feel free to check our app. We will be happy to help you out.

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