Employee Benefits

(As updated up to 03.04.
18 )
A Quick Reference to
Employee Benefits in LIC
Compiled by
Zonal Training Centre,
Kolkata
Purpose of this Booklet

The purpose of this booklet is to provide the employees a handy material which contains
the basic features of the important employee benefits in a capsular form. The employee
may refer to this booklet anytime and anywhere he pleases. There are some benefits
which are not talked about. But these benefits exist.
While it is not possible to remember all the benefits, it is important that the employees
become more aware of the total package of benefits that the organization has to offer.
This book will be of utmost use to the employees to make them assured that the
Corporation is taking due care of them. They will probably be thrilled to find that the
benefits available in LIC are much more than available elsewhere.
Scope of this booklet

There is an index of contents at the beginning of the booklet with link. This will enable
the employees to go to any particular section quickly. This book is for quick reference
only. If the employee needs to study any section in details, he will have to read the full
circular available in the Jeevan Sanchar, the intranet site of LIC.
Help us to improve this booklet

We need to continuously improve this booklet in order to enhance its utility. The
employees are requested to tell us what more they want to see in this booklet so that the
book serves its purpose.
The suggestions can be sent to the following e-mail id:

[email protected]
INDEX
Link is provided for prompt access to Subject/Circular
Employees’ Benefit Handbook / EZTC / Kolkata Page 2
SALARY AND ALLOWANCES
Item Click to Subject Page
1 Scale of Pay at various cadres: 6
2 Stagnation Increment 7
3 Dearness Allowance 8
4 House Rent Allowance 8
5 City Compensatory Allowance (CCA) 9
6 Hill Allowance 9
6A Paradeep Port Allowance 10
7 Functional & Special Allowances 10
8 Officiating Cashier Allowance 10
9 North East State Educational Allowance 11
10 Graduation Increments and Graduation Allowance 11
11 Transport Allowance 11
11A Conveyance Allowance for PH/deaf and dumb also 11
13 Washing Allowance 12
14 Fixed Personal Allowance 12
15 Project Allowance for Engineers 12
16 Special Allowance for Class-III Employees for passing various 13
examinations
17 Special Allowance for all employees for passing examinations 13
conducted by the Institute of Actuaries
19 Allowance for the ITSG Group Members 14
41 Special Sports Allowance 24
51 Allowance for working at Mini Offices 29
18 Salary payable to temporary staff 14
INCENTIVES
20 Incentives payable on passing Hindi Examinations 14
42 Incentives in respect of actuarial studies 24
43 Productivity Linked Lump sum Incentive (PLLI) 24
LOAN / ADVANCES
21A Education Advance 15
60 Housing Loan Scheme 37
21 Festival advance 14
22 Vehicle advance & Conversion of AAO/AO to ADM/DM Scheme 16
44 Cycle (three-wheel chair) Advance for orthopaedically 24
handicapped employees
23 Advance for purchase of PC/Laptop 17
24 Flood/Drought/Cyclone advance for all employees 17
REIMBURSEMENT

27 Reimbursement of the cost of Brief-Cases/Leather Bags to Officers 18
28 Reimbursement of Tea/Coffee Expenses: 18
29 Reimbursement of the cost of Dailies/Magazines 19
25 Purchase of Mobile Phones 17
26 Reimbursement of monthly Mobile recharge expenses: 17
26A Internet charge-Laptop 18
26B,26 Broadband usage charges-Landline, Telephone facility at residence 18
c of class I officer
MEDICAL / HEALTH
12 Cash Medical Benefit 12
48 Mediclaim 27
49 High Cost Protracted Treatment (HCPT) 29
46 Preventive Health Checkup scheme 26
LEAVE
32 Casual leave (CL): 21
33 Privilege Leave (PL): 21
34 Sick Leaves 21
35 Maternity Leave 21
36 Special Leave 22
LTC / TOUR / DA
31 Leave Travel Concession 19
31A LTC Retired Employees 21
37 Daily Allowance for employees on tour 22
38 Lodging Charge on Tour 23
40 Daily Allowances payable to officers going abroad on business 23
visits
GROUP POLICIES / INSURANCE
57 GTIS -1997 (for employees who opted for pension) 35
56 Group Insurance for Employees-2004 35
55 Group Savings Linked Insurance Scheme (GSLI) 33
55A New Group Insurance Policy in lieu of GSLI Policy 34
45A Group Insurance for cash carrying persons: 26
45 24 Hours Group Personal Accident Policy: 25
OTHER BENEFITS
39 Meal Coupon for employees 23
30 Ex-Gratia in lieu of bonus 19
47 Leasing of Flats/Houses for use as Staff Quarters 26
50 Employees Relief Fund 29

Item TERMINAL / RETIREMENT BENEFITS Page
52 Payment of Gratuity: 30
52A Additional Gratuity & Term / Free Insurance 31
53 Provident Fund: 32
54 Pension / ID Cards 32
58 Encashment of PL 36
54A Pension 2010: 33
59 Retirement Traveling Allowance: 36
MISCELLANEOUS
Special Guidelines for Employees 39
Relevant circulars 40
Some Specimen Forms & Charts 43
Basic Code of Conduct of the Employees 50
1. Scale of Pay at various cadres:

[Revised as per Gazette Notification dated 14/01/2016.]
The pay scale of Class-I officers of various cadres are as under:

Zonal Managers / Chief Engineers / 99835-2685(2) 105205-2880(1)-108085-
Chief 3150(1)-111235-3265(4)-124295
Architects (Selection Scale)
Zonal Managers / Chief Engineers / 89095-2685(8) 110575
Chief
Architects (Ordinary Scale)
Deputy Zonal Managers / Senior 79605-2300(3)-86505-2590(6)-102045
Divisional Managers / Deputy Chief
Engineers / Deputy Chief Architects
Divisional Managers / Superintendent 65805-2300(9)-86505.
Engineers / Senior Surveyor of Works /
Senior Architects
Assistant Divisional Managers / Senior Rs.53725-1610(1)-55335-1745(6)-65805-
Branch Managers / Executive 2300(4)-75005.
Engineers /
Surveyor of Works / Deputy Senior
Architect
Administrative Officers / Branch 44065-1610(7)-55335-1745(6)-65805
Managers / Assistant Executive
Engineers
/ Assistant Surveyor of Works /
Architects
Assistant Administrative Officers / 32795-1610(14)-55335-1745(4)-62315.
Assistant Branch Managers / Assistant
Engineers / Assistant Architects
The pay scale of Class-II officers (Development Officers) of LIC are as under:
21865-1340(2)-24545-1580(2)-27705-1610(17)-55075.
Pay Scale of Class-III employees is as under:
Higher Grade Assistants 21655-1445(3)-25990-1610(15)-50140

Stenographers 18135-1030(4)-22255-1195(2)-24645-
1455(3)-29010-1510(2)-32030-1610(8)-
44910.
Assistants/Typists/Cashiers/ 14435-840(1)-15275-915(2)-17105-
Projectionists/Micro Processor 1030(5)-22255-1195(2)-24645-1455(3)-
Operators etc 29010-1510(2)-32030-1610(5)-40080
Record Clerks 13380-475(4)-15280-745(3)-17515-840(2)-
19195-850(6)-24295-915(6)-29785
Click to Back to Index
Pay scale of Class-IV employees is as under:
Drivers 13380-600(6)-16980-620(1)-17600-

745(12)-26540.
Sepoys / Hamal / Head / Peons/Liftman/ 11660-475(5)-14035-505(8)-18075-600(1)-
Watchman 18675-620(2)-19915-745(3)-22150.
Sweepers/Cleaners 11060-475(5)-13435-505(8)-17475-600(6)-
21075
Revision Rules: 2016.

Click the link for original Circulars.
CO/Per/ER-A/111/2016 dt 15/01/2016 for Class-III &IV
CO/Per/ER-A/110/2016 dt 15/01/2016 for Class-II
CO/Per/ER-A/109/2016 dt 15/01/2016 for Class-I
2. Stagnation Increment
These benefits are for those who have reached the maximum of the scale of pay. Class-I
officers in the cadres of AAO/AO/ADM, Class-II officers, Class-III and Class-IV
employees, on reaching the maximum of their scales, may be granted an additional basic
pay equal to the last increment drawn by them, for each three years of service (two years
in respect of RC/Asstt/Stenographer/Typist/Class IV employees) after reaching the
maximum of the scale of pay. However, there are limits to the total number of such
increments.
Cadre Maximum No. of Cadre Maximum No. of

Stagnation Stagnation
Increments Increments allowed
allowed
ADM 02 HGA 06
AO 05 Asstt/Steno 07
AAO 03 RC 07
Dev Officer 04 Class - IV 07
3. Dearness Allowance
Rate: For every 4 points rise in the quarterly average of the All India Consumer Price

Index above 4708 points, an employee is paid dearness allowance at the rate of
0.10% of Pay.
Pay means Basic Pay including additions to Basic Pay after reaching maximum
(Stagnation Increments), Graduation Allowance payable to Class III employees in the
Scale of pay of Assistants and Stenographers, Special Allowance for passing
examinations payable to Class III employees and Special Allowance payable to Class IV
Employees posted in the grade of Head Peons, Liftman & Watchman.
Click to Find Current DA Slabs
4. House Rent Allowance

All classes of employees except those staying at the Staff/Officer’s quarters/Lease
accommodation get HRA at the rates mentioned below:
Rate House Rate Allowance (Per month)

Place of Posting of Class-I Class-II Class III/IV
HRA MAX MAX MAX MIN
(i) Cities of Mumbai, Kolkata, 10% Rs 5320 Rs 5320 Rs 5320 Rs 1165
Chennai, Delhi, Noida, Faridabad,
Ghaziabad, Gurgaon, Navi
Mumbai, Hyderabad, Bengaluru
and other cities with population
of 45 lakhs and above
(ii) Cities with population 8% Rs 4490 Rs 4490 Rs 4490 Rs 1000
exceeding 12 lakhs, but less
than 45 lakhs and except
those mentioned at (i) and any
city in the State of Goa.
(iii.) Other places 7% Rs 4320 Rs 4320 Rs 4320 Rs 950
5. City Compensatory Allowance (CCA)

CCA is payable to the employees of all cadres of employees as detailed below w.e.f.
01.08.2007:
Rate City Compensatory
of Allowance (Per Month)
Place of Posting
CCA Class-I Class-II Class-III/IV
MAX MAX MAX MIN
i. Cities of Mumbai, Kolkata,
Chennai, Delhi, Noida, Faridabad,
Ghaziabad, Gurgaon, Navi
Mumbai, Hyderabad, Bengaluru 3% Rs 1330 Rs 1125 Rs 1055 Rs345
and other cities with population
of 45 lakhs and above
ii. Cities with population exceeding
12 lakhs, but less than 45 lakhs
and except those mentioned at (i) 2.5% Rs 1265 Rs 1040 Rs 990 Rs285
and any city in the State of Goa.
iii. Cities with population of 5 lakhs
and above but not exceeding
12 lakhs, State Capitals with
population not exceeding 12 lakhs, 2% Rs 980 Rs 910 Rs 850 Rs 210
Chandigarh, Mohali, Pondicherry,
Port Blair and Panchkula.
6. Hill Allowance
Hill allowance to all classes of employees is to be paid in the manner mentioned below:
Place of Posting Rate of Hill Class-I Class-II Class-III &
allowance Class-IV
Payable (Per MAX MAX MAX
Month)
Posted at places with
heights more than 2.5% of Pay Rs 765 Rs 615 Rs 615
1500 metres
heights between 1000 2% of Pay Rs 615 Rs 485 Rs 485
and 1500 metres
heights between 750 2% of Pay Rs 615 Rs 485 Rs 485
and 1000 metres
6A. Paradeep Port Allowance:

Rs 185/-per month wef: 01/02/2016

Every Class-I, Class II, Class III & IV posted at Paradeep shall be paid “Paradeep Port
Allowance” as long as posted at Paradeep.
7. Functional & Special Allowances

The following allowances are payable to the employees of various cadres:
Cadres of Functional Allowances Special Allowances

Employees
Programmer-I / System Analyst Touring Officers in Audit &
Class-I (AAO to
= Rs 1130 per month Inspection = Rs. 1415 per
ADM)
(Except ITSG) month
Touring HGA in Internal
Scale of HGA Programmers =
Audit / Inspection =
Rs 900 p.m. (Except ITSG)
Rs 1080 p.m for first 5 yrs,
Scale of Assistant as MPOs =
Rs 1230 p.m. in next 5 yrs
Rs 285 p.m.
Class-III and Rs. 1330 p.m. thereafter
Scale of Pay of Record Clerks:
Asst as Receiving / Paying
Banda, Xerox and duplicating
Cashier = Rs 2500 p.m.
machine operators = Rs 150 p.m.
In the Scale of Sepoys as Head Peons, Liftmen and

Franking Machine Operators = Watchmen = Rs. 985 p.m &
Class-IV
Rs 120 p.m. this amount shall count for
all purpose.
8. Officiating Cashier Allowance

w.e.f. 8th July,2015.
Class III Employees appointed as Cashiers.

Rs 100 per day.
[The panel of officiating cashiers will include all confirmed class III employees i.e.
Assistants, MPOs, Typists, Telephone Operators, HGAs and Record Clerks.]
Class-I officers in Satellite Offices

Rs 120 per day for officers posted in the satellite offices and handling cash.
[ Shall not count for any other purpose]
9. North East State Educational Allowance

Rs. 500 per month (wef 01/08/2012) is available to all officers posted in the North
Eastern states and their children pursuing studies outside these states, either in schools or
colleges or universities.
10. Graduation Increments and Graduation Allowance

Employees in the scale of Assistant & Stenographer
Two graduation increments are granted to the employees in the scale of Assistant or
Stenographer. There is no change in the instruction.
An employee who has become graduate of a recognized University after reaching
maximum of the scale of pay: Rs1000 p.m.
Employees who have received graduation increments and have attained maximum of the
scale will get Rs 510 per month after one year of reaching the maximum of scale and
Rs 1000 per month two years after reaching the maximum of the scale.
[Provided however that all those employees in the scale of Assistant and Stenographer
who become graduates after 31st July, 2007 shall not be eligible for graduation
allowance.]
Record Clerks get a graduation allowance of Rs 535 per month after completing
graduation.
[It may be noted that Record Clerks who become graduates after 31st July, 2007 shall also
be eligible for graduation allowance. Record clerk having graduation allowance as RC,
on promotion to assistant will get graduation increment as applicable to assistant on
fixation. However the graduation allowance enjoyed by him as RC will not continue]
11. Transport Allowance

Class-I Officers : Rs 1330 per month (wef: 01/08/2012)
Class III & IV employees : Rs 460 per month (wef: 01/08/2012)
11A. Conveyance Allowance for Blind and Differently Abled

(Physically Challenged) Persons:
2.5% of basic subject to a maximum of Rs 400 p.m.
This is in addition to the normal transport allowance they are eligible for.
This facility has been extended to hearing and speech impaired (deaf and dumb)
employees also, [who suffer from both the disabilities i.e. who are both deaf and dumb.
with effect from 19.02.2014.
Please refer to circular Ref: CO/PER/ER-A/Res/PWD/C.A,
Dated 08/07/2015 and Circular no. CO/Per/ER-A/087/2014
,dated 08.11.2014.

12. Cash Medical Benefit
The cash medical benefits payable to various cadres of employees are as under:
Cadres of Employees Basic Salary Cash Medical Benefit

Upto Rs 60430/- Rs 13300 p.a.
Class-I Officers
More than Rs 60430/- Rs 19940 p.a.
Class-II Officers All Rs 8310 p.a.
Class-III & Class-IV
All Rs 6650 p.a.
Employees
13. Washing Allowance

Rs. 250/- per month is payable only to Class-IV employees as Washing Allowance.
Rs 150/- p.m. regular part-time workmen wef 01/08/2012
14. Fixed Personal Allowance

This allowance is given to the people after one year from reaching maximum of scale
in lieu of the increment for computerization given on 01.11.1993. The rates of FPA for
various cadres are as under:
Category FPA (in Rs) Category FPA (in Rs)

ZM(S) 3265 D.O./ 1610
Assistant/Steno/HGA
ZM(O) 2685 RC 915
SDM 2590 Class-IV Driver/Peon 745
ADM/DM 2300 Sweeper 600
AO/AAO 1745 ------ ------
FPA is calculated for the scale of pay an employee was as on 01.11.1993
15. Project Allowance for Engineers

The Project Allowance is given at the rate mentioned below:
Class-I: Rs 400/-p.m.
Class-III: Rs 285/- p.m.

16. Special Allowance for Class-III Employees for
passing various examinations
Special allowances payable for passing various examinations are as under: w.e.f:
01-08-2012
Professional / Technical Allowance Special Allowance payable per
month
Examinations of Insurance Institute of Licentiate : Rs 340 p.m.
India: Associate : Rs 925 p.m.
Fellow : Rs 1585 p.m.
Examination of the Institute of Actuaries, Rs.340/- per month on passing each
London. subject.
Examinations of the Actuarial Society of India. Rs.340/- per month on passing each
subject.
Examinations of the Institute of Chartered Intermediate : Rs 665 p.m.
Accountants of India and the Institute of Costs Final Group A or B : Rs 1135 p.m.
& works Accountants of India Final Group A and B : Rs 1585 p.m.
MBA from recognized University or Institute Rs 1585 p.m.
On passing the final examination of the Rs 1585 p.m.
Institute of Company Secretaries of India
17. Special Allowance for all employees for passing
examinations conducted by the Institute of Actuaries
Allowance payable for Core Group employees at CO/ZO:
No of Papers Passed Special Allowance per Special Allowance per

month (CO) in Rs month (ZO) in Rs
Six Papers 4000/- 3,200/-
Seven Papers 5000/- 4000/-
Eight Papers 9000/- 7,200/-
Nine Papers 10,000/- 8000/-
Ten Papers 12,000/- 9,600/-
Eleven Papers 15000/- 12,000/-
Twelve Papers 18000/- 14,400/-
Thirteen Papers 21,000/- 16,800/-
Fourteen Papers 25,000/- 20,000/-
Fifteen Papers 30,000/- 24,000/-
Fellowship 50,000/- 24,000/-
Click to find Cir No: ZD/1155/ASP/2010 dt 14/06/2010 for Actuarial

Allowance

18. Salary payable to temporary staff
Temporary staff is to be paid a salary which is drawn by a regular employee at that cadre
at the minimum of the scale. Each day’s salary is to be taken 1/26th of the salary drawn by
an employee of that cadre per month at the minimum of the scale.
19. Allowance for the ITSG Group Members

Developer Rs 10,000 p.m.
Business System Analyst (BSAs) Rs. 15,000 p.m.
Project Leader Rs. 20,000 p.m.
20. Incentives payable on passing Hindi Examinations

Amount of Cash Reward (Rs)
Hindi Through Private
Through Corporation
Correspondence Course
Examination A B C A B C
Region Region Region Region Region Region
Prabodh 1000 1100 1200 2000 2200 2400
Praveen 1100 1200 1300 2200 2400 2600
Pragya 1200 1300 1400 2400 2600 2800
Hindi Typing 1200 1300 1400 2400 2600 2800
Hindi Stenography 1300 1400 1500 2600 2800 3000
21. Festival advance

This interest free advance is payable to all classes of employees and is recoverable from
salary in 10 equal monthly installments. The amount of advance payable to the
employees is as under:
Class-I Officers One month’s salary or Rs 30,000
whichever is less
Class-II Officers and Class III & IV One month’s salary or Rs 26,000
Employees whichever is less
RPT Workmen One month’s salary or Rs 13,000
whichever is less
Click to find Cir No: CO/Per/ER-A/123/2016 dt 01/04/2016 for

Festival Advance

21A. Scheme of Education Advance to Employees of the Corporation.
The scheme “Life Insurance Corporation of India (Employees Education Advance
Scheme), 2015” is applicable to whole time confirmed employees with 5 years of service.
This is to assist employees in arranging finance for the higher / professional education of
their dependent children in India and / or abroad. Correspondence or Distance Learning is
not admissible. Amount of advance is to be paid to the Educational Institution directly
and bank charges to be borne by the employee.
Quantum of Advance: Up to and Maximum Rs.10 lacs for one child.
Entitled amount of advance = 85% of [Gratuity + PF + Addl Gratuity / Free Insurance

+ GSLI savings] as accrued as on date of application of advance or Rs.10 lacs whichever
is less, subject to financial eligibility of the employee [i.e. the net salary shouldn’t go
below 25% of the Gross Salary of the employee at the time of sanction of such
loan/advance.]
All terminal dues of the employees shall be assigned to the Corporation.
Two dependent children including step-child and adopted child [and not gainfully
employed] are eligible during the entire service period. Advance for maximum two
courses [Graduation/Degree/Diploma/Training courses etc.] can be granted for a child.
Simultaneous advance for both the children can be availed. If both husband and wife are
employees of Corporation, Education Advance may be availed by any or both of them but not for
more than two children [for example: Husband may take advance for one child and the wife for
the other]
Repayment Term: 10 years. EMI deduction will commence from the month following the
month of disbursement of advance. Outstanding amount will be realized from the retirement
proceeds if the employee retires earlier.
Interest Rate [on reducing monthly balance]: 8% p.a. (simple) for boy students and 7.80%
(simple) for girl students.
Vigilance Clearance is necessary to obtain Education Advance
Click to find Circular No: CO/Per/ER-A/101/2015. Date: 08/08/2015. for

Education Advance.

22. Vehicle advance
Car and Scooter advance in respect of various cadres of employees is as under:
Name of Quantum Repayment Rate of Other conditions
Advance Term interest
Car Advance for ADM/ Full Purchase 1.Insurance Premium
DM on administration Price of new and Road tax paid by
side vehicles LIC
96 months 5%
2. This loan can be
availed for 2 times
(with 8 years’ gap)
Maximum of
Service Rs 1 lakh or
period less purchase 1. Insurance premium
Car 96 months 5%
than 3 price and road tax to be
Advance
years whichever is borne by the employee
for AAO/
less 2. This loan can be
AO
Service 5% up to 1 availed once during
##
period Full purchase lakh and service
96 months
more than price 9% on the
3 years balance
1. Insurance Premium
and Road tax paid by
Class-I Full purchase Recovery in 60 LIC
3%
Officers price months 2. This loan can be
availed for 2 times
Two
Wheeler
Full purchase 1. Insurance premium
Advance Class-III Upto Rs
price(Max.Rs and road tax to be
& IV 50,000/-
1,00,000/-) Recovery in 60 borne by the employee
Employees 5% and
months 2. This loan can be
with 5 yrs 9%
availed for 2 times
service ** thereafter
** part-timer employees converted to Full time “sweeper cum attendant” will get
proportional past service credit as per circular CO/Per/ER-A/074/2014 ,dated
23.06.2014
## Conversion from AAO/AO Scheme to ADM/DM Scheme:

It is applicable when an officer is promoted from AO Cadre to ADM Cadre. Any of the Two
Options may be exercised:
Option 1) Transfer of existing vehicle under AAO/AO Scheme to ADM/DM Scheme.
Road Tax and Insurance Premium to be reimbursed proportionately for the outstanding
repayment period from the date of conversion.
Option 2) Repayment of outstanding loan under existing [AO/AAO] Scheme and avail fresh
advance under ADM/DM Scheme.
For detailed conversion procedure click to find Circular:
CO/PER/ER-A/100/2015 Date: 10/07/2015

Click to find Cir No: ZD/956/ASP/2000 dt 31/05/2000 for vehicle
advance.
23. Advance for purchase of PC/Laptop/I-pad/Tablet

(incl. peripherals/accessories)
Quantum is Rs 75,000 or full Purchase Price whichever is less. Loan amount is
recoverable in 48 months. Rate of interest is 9%. This is available for all confirmed
employees of the Corporation.
Click to find Cir No: CO/Per/ER-A/023/2013 dt11/03/2013
24. Natural Calamities/Flood/Drought/Cyclone advance

for all employees
Quantum is three months’ basic salary or Rs 50,000 whichever is less. This interest free
advance is recoverable in 36 installments.
click to find Cir No: CO/Per/ER-A/051/2013
25. Purchase of Mobile Phones

The following amounts are reimbursed for purchase of mobile phones:
AAO/AO/ADM Rs. 10,000

DM, SDM Rs 25,000
ZM & Above Rs 40,000
DO Rs. 8,000
Officers will be provided a new mobile handset after expiry of three years from date of
purchase of the earlier mobile handset and need not return the old mobile handset.
If the employee resigns, Voluntary retired, Dismissed,Removed from service within three
years from the date of purchase of a mobile handset, a notional depreciation value @30%
per annum will have to be paid to the Corporation. In case of death and normal
retirement within the said period of three years, no recovery is to be made.
For details, please refer to the circular no Ref:CO/OS/Mobile/ 2013-14 / 03, dated
01.07.2013,CO/OS/MOBILE/2013-14/03(a) dt. 02.09.2013 and
CO/OS/MOBILE/2016/02 dt.01.06.16 ,CO/OS/Mobile/2016-17 dt. 28.06.16 And
http://10.240.91.10/do/circulars/2016-17/Circular _Mobile Handset.pdf
26. Reimbursement of monthly recharge http://10.240.69.61/eos/

estweb_1/OS-CIR-28062016.pdfexpenses:

Reimbursement of mobile expenses is as under (for administration side):
AAO/AO/ADM Rs. 400 per month / Rs. 1200/- per quarter
DM Rs 500 per month / Rs. 1500/- per quarter
SDM Rs 2250 per quarter
ZM(O)/ZM(S) Rs.4500 per quarter
For recharge expenses up to DM vide Cir No:

CO/Per/ER-A/013/2012 dt12/12/2012
26A. Reimbursement of Internet Charges for Hybrid

Laptops:
Reimbursement of Internet Charges for the Hybrid Laptops allotted to the officers in the
cadres of DZM and above:
DZM & Above Reimbursement of monthly usage charges limited to Rs 1,000 or the
Plan Tariff, whichever is lower
26B. Reimbursement of Broadband Usage Charges:

Broadband facility on residential landline:
ZM(O) & ZM(S) Rs 500/- per month plus tax
and all RMs(IT)
In this connection the circular no Ref CO/OS/OA/VPT/2010/13 dated 01.01.2011 may be
referred to.
26C. Telephone facility at residence of class1 officers

Cadre Administrative side- Rs P.M Marketing Side-Rs. P.M
ABM(S)/BM(S) NA 550
BM(IN-CHARGE) NA 650
MANAGER(SALES)-ADM NA 700
CADRE
DM 550 750
SDM 750 800
NOTE- NO LIMIT OF NO. OF CALLS. THE ABOVE LIMIT WOULD BE INCLUSIVE of
GST , irrespective of the fact whether whether the telephone connection is with
combo tariff/rental or otherwise ( Ref : CO/OS/OA/TEL/2017/2 DT. 01.09.2017 )
27. Reimbursement of the cost of Brief-Cases/Leather

Bags to Officers (once in 3 years)
AAO Rs 2,700 incl. sales Tax
AO/ADM Rs 3,400 incl. sales Tax
DM/SDM Rs 4,200 incl. sales Tax
ZMs/EDs Rs 5,000 incl. sales Tax
Click to find Cir No: Ref : CO/OS/P/2016/1 dt20/04/2016 for

Brief-Cases
28. Reimbursement of Tea/Coffee Expenses:
AAO/AO Rs 800
ADM/DM Rs 1000
SDM/DZM Rs 1200
ZM(O)/Chief-in-Charge/ED No Limit
Click to find Cir No: CO/Per/ER-A/103/2015 DT 01/09/2015

for Tea / Coffee
29. Reimbursement of the cost of Dailies/Magazines

Cadre Amount
AAO/AO One Daily of repute (financial or non-financial)
ADM/DM/SDM Two dailies – one financial and one non-financial
ZM and above Two dailies – one financial and one non-financial PLUS
Two Indian Magazines of repute – one financial and one general
Click to find Cir No: ZD/1044/ASP/2004 dt 29/04/2004 for

dailies and Magazines
30. Ex-Gratia in lieu of bonus

Employees drawing a salary not exceeding Rs 10,000 per month are only eligible.
31. Leave Travel Concession

Once in a block of 2 years. 2 Blocks can be clubbed.
Current Block of Class I/II: 01.01.2015 to 31.12.2016

Current Block of Class III/IV: 01.04.2016 to 31.03.2018
Distance: 3000 KM each way
Air Travel Entitlement: Allowed only for DM & Above,AO and ADM allowed Air travel
if total distance travelled by air is more than 1000 kms.
Foreign travel- foreign destination is not allowed. In cases of journeys within and outside
India,reimbursement will be restricted to journeys performed within India only.
Reimbursement on actual expenditure but not beyond entitled class.
Entitlement would be limited to lower class if an employee travels lower than his entitled
class.
If travelled by different mode, 1st reimbursement will be for lower mode, 2nd for entitled
mode and lastly actual expenses for higher mode subject to maximum eligible fare of
entitled balance distance after considering distances travelled by lower and eligible mode.
If Travel under LTC involves travel by higher mode/higher class then the reimbursement
will be restricted to two times of the entitled class fare for 3000 kms for one Block.
[Circular Ref: CO/ERA/LTC/RRB, Dated 05/06/2015]
Travel by Taxi/Bus will be treated as travel by entitled mode or class and reimbursement
will be limited to the train fare in respect of eligible members by the
entitled class for the distance so traveled.
Toll tax will be paid in case of travelling by car under LTC.
Tickets / Receipts purchased online will also be accepted.
Category By Train By Road By Steamer BY AIR

Zonal Managers I AC, Bus I Class or I Class Ordinary/
& Above by single seat in Economy class
a taxi
Other Officers 1AC Do Do Ordinary/
in Class-I Economy class
Cadre(SDM,D
M
ADM,AO 11 AC DO DO Ordinary/
Economy class
(if the total
distance
travelled by Air
is more than

1000 Kms
AAO 11 AC DO DO NOT
ELIGIBLE
Development II AC Sleeper, DO DO NOT
Officers Rajdhani ELIGIBLE
Express Chair
Car, AC III Tier
Sleeper in
Rajdhani
Class III II AC Sleeper, Bus 11 Class NOT
Employees Rajdhani ELIGIBLE
drawing a basic Express Chair
pay of Rs
Car or AC III
22876/- and
above Sleeper in
Rajdhani
Class III II Class, Sleeper Bus II Class NOT
Employees Class other than ELIGIBLE
drawing a basic Rajdhani
pay of Rs Express
22875/- & II AC if night
below journey is
involved. AC III
Tier
sleeper/Chair
car in Rajdhani
Express if night
journey is
involved
Class IV II AC Sleeper, Bus Deck NOT

Employees Rajdhani ELIGIBLE
drawing a basic Express/ AC III
pay of Rs
Tier Sleeper
22876/- and
above
Class IV II Class/ Sleeper Bus Deck NOT

Employees Class (other ELIGIBLE
drawing a basic than Rajdhani
pay of Rs
Express
22875/- and
below

For procedure of LTC claim settlement, please refer to Circular No.
CO/Per/ER-A/095/2015 , dated 08.04.2015.and Cir. CO/Per/ER-A/070/2014,
Dt12/05/2014
Please refer to Circular CO/PER/ERA/LTC/RRB , Dt 05/06/2015 for Clarification
CO/PER/RE-A/133/2016 DT.14.07.16
31A. LTC for Retired Employees

The retired employees can avail LTC of the last unused block(s) even after retirement
provided they complete the return journey within three months from the date of
retirement.
Click to find Circular No: CO/Per/ER-A/018/2012
,dated 31.12.2012.
32. Casual Leave

Quantum: 15 days between the period of 1st July to 30th June next year.
Additional Casual Leave: The quantum will be 23 ½ minus the number of holidays
declared under N.I. Act in a calendar year (Jan. to Dec.). Additional Casual Leave may be
allowed during the period of six months from 1st January to 30th June of the following
calendar year. Unavailed casual leaves are converted into Additional Sick Leaves with
full pay, upto a period of 60 days.
33. Privilege Leave (PL)

For every 11 days of service (including holidays), one day’s PL is added to the credit.
Duty for this purpose is service minus the period of leave of all kinds except CL and
quarantine leave.
Total accumulation allowed: 270 days
34. Sick Leaves

At the rate of 30 days for each completed year of service subject to a maximum of 480
days with half pay during the entire period of service.
Special Sick Leave can be granted to employees suffering from major diseases like
cancer, leprosy, tuberculosis, paralysis, brain tumour, cardiac ailments, mental
diseases, kidney diseases, AIDS etc for a period of 180 days on half pay in case no sick
leave or converted sick leave is there in his credit.

35. Maternity Leave
Lady employees are eligible for Maternity Leave for a period of six months from the date
of commencement. Total Maternity Leave can not exceed a total of 360 days in the entire
service life.
35(a)- Paternity Leave- Male employee having less than 2 surviving
children,this leave for a period of 15 days during the confinement of his wife may be
granted . This leave shall be utilized within a period of six months from the date of
delivery of the child and to be applied within a period of 15 days before the expiry of said
period of six months
36. Special Leave

The following types of special leaves are granted to the employees:
Type of Leave Quantum of Leave available

Sports Maximum 30 days in a calendar year for participating in
national/international sporting events
Trade Union activities (only for Maximum 7 days in a year
recognized Unions)
Special Leave in lieu of Joining Time Maximum 6 days plus the time to cover actual journey
Donation of blood 1 day for each occasion, Maximum 10 days in a year
Accident while on duty Maximum 90 days but ZM(S)/ED can grant more in case of
special circumstances
Quarantine Leave Maximum 21 days
Extra Ordinary Leave Three months in one occasion and a total of 12 months in the
entire service period
I.I.I. Examination Invigilation On the days of such invigilations
I.I.I. Council Meeting Maximum two times in a year
Family Planning (i) 6 days for sterilization operation or vasectomy.
(ii) 14 days to lady employees for Non-Puerperal Operation /
Tubectomy. Not exceeding 14 days for the 2 nd time may be granted
if the operation is for the 2nd time due to the failure of the first
operation.
(iii) One day to lady employees for IUCD insertion. One day for re-
insertion of IUCD may be granted.
37. Daily Allowance for employees on tour:

For tours less than 24 hours
Duration of tour DA Admissible
Less than 4 hours No DA

Between 4 and 8 hours 50% of DA
8 hours or more Full DA
Rates of DA admissible for various classes of employees

Cadre “A: “B” “C”
Class Class Class
City City City
MD/ ED/ZM/DZM/SDM/DM 1300 1100 950
ADM/SBM/BM/AO/ABM(S)/AAO 1100 950 800
Class-II Employees/HGA/SH 700 600 450
Class-III Employees 600 520 340
Class-IV Employees 500 400 250
DA for tour at Metro cities: Rs 1800 for MD/ ED/ZM, Rs. 1500 for DZM/SDM/DM
Rs 1300 for ADM/SBM/BM/AO/ABM(S)/AAO
http://10.240.71.51/pers/era/CO_PER_ER-A_146_2016.pdf

38. Lodging Charge on Tour:
Cadre/Class of Reimbursement Amount (Rs)

employees For Major Cities Category-II cities Other Places
ED/ZM 8000+tax 4500+tax 4000+tax
DZM/SDM/DM 5500+tax 3750+tax 3000+tax
ADM/SBM/BN/AO 3000+tax 2200+tax 1600+tax
AAO/ABM(sales) 2000+tax 1500+tax 1200+tax
Class-II Officers 1800+tax 1350+tax 1080+tax
Class-III employees 1600+tax 1200+tax 960+tax
Class-IV employees 1400+tax 1050+tax 840+tax
Click to find Cir No: CO/Per/ER-A/016/2012 dt 24/12/2012 for

Lodging Charges
39. Meal Coupon for employees (Rs. per day)

ZM(O) & ZM(S) 340
SDM 295
DM 255
ADM 230
AO 195
AAO 175
DO 160
HGA 150
Assistant / Steno 135
RC 115
Class IV employees 105

Regular Part Time Workmen 60
http://10.240.71.51/pers/era/Meal Coupon Circular- 2017.pdf
Daily Allowances payable to officers going abroad on
business visits:
If full hospitality is provided
Business visits upto 10 days: Lumpsum $500
Business visits for more than 10 days: $50 per day
If no hospitality is provided
Chairman/MD gets: $500 per day
ZM (O)/ZM(S) gets: $400 per day
Sr. D.M. gets: $350 per day
Other Officials get: $300 per day
41. Special Sports Allowance
Level of Sports Event Special Sports Allowance Payable

LIC Divisional Level Tournament Rs 300
LIC Zonal Level Tournament Rs 450
All India LIC Games Rs 800
Rs 800 ( ALL INDIA/NATIONAL
Representing LIC in outside Tournament LEVEL,Rs. 450 ( other than all
india/national)
Click to find Cir No: CO/HR/SPR/108/11-12/011 dt

19/09/2011 & ref CO/HRD/SPR/108/13-14 DT. 20.04.13
42. Incentives in respect of actuarial studies

The following reimbursements are made to employees pursuing actuarial studies:
i) Entrance Fee for enrolment as student member in Institute of Actuaries of India.
ii) Annual subscription paid by an employee to the Institute of Actuaries of India or
London.
iii) Tuition course fee paid by the employee to the Institute of Actuaries of India or
London.
iv) Examination fee paid by the employee once for each paper on passing upto six papers
and twice for each paper on passing the remaining papers
v) Exemption Fee
vi) Cost of Actuarial Table
vii) Rs. 3000/- as Registration Fee for ACET on qualifying.

43. Productivity Linked Lumpsum Incentive (PLLI)
This is paid to all employees. Quantum depends on the achievement of a certain sales and
servicing standard.
http://10.240.71.51/pers/era/Circular_ERA_2016_122.pdf
44. Cycle (three-wheel chair) Advance for

orthopaedically Challenged employees
Quantum is Rs 2500 or the actual cost of wheel-chair/cycle whichever is less.
To be repaid in 30 interest-free EMIs.
Payable to all confirmed orthopaedically handicapped employees.
45. 24 Hours Group Personal Accident Policy, 2014-15

All our full time in-service employees on probation/training/Apprenticeship are covered
against accidental injuries on a “24 hour cover basis” under Group personal Accident
Insurance policy.
The benefits which are available are as mentioned below:
Nature of Benefits Payable to the Settlement Procedure
Accident employee/Legal Heirs

Death Capital Sum assured, as per
The claims are to be made in the
table below. prescribed form by the employees/legal heirs
Loss of two limbs, Capital Sum assured, as per through the office of the employee, to the Chief
two eyes or one limb table below Regional Manager,
and one eye Oriental Insurance Co. Ltd.,
Loss of one limb or 50% of Capital Sum assured CBRO Mumbai;
Oriental House, 3rd Floor,
one eye as per table below. 7, J Tata Road, Churchgate,
Permanent total Capital Sum assured, as per Mumbai 400 020
disablement from table below Tel No 022-22821716
injuries other than 022-22816569
those mentioned Intimation of Claims will be made immediately
by concerned LIC Office and in any case not
above later than 6 months.
Permanent partial Specified percentage of
disablement (PPD) Capital Sum assured as per
policy document The office has to ensure that the claim amount
does not directly go to the legal heirs. The money
is to be paid to the Corporation by Oriental
Insurance Co.
Requirements in case of accidental death:

1. Claim form duly filled in
Expenses for Actual expenses subject to a 2. FIR
Carriage of Dead maximum of 2% of the sum 3. Police Final Report
body and / or funeral assured or Rs 2500/- 4. Panchnama
expenses whichever is less 5. Post Mortem Report
6. Death Certificate
7. Salary Certificate
Document Nos 2,3,4,5,6 must be Notary attested
Under this policy, all premiums are paid by the Corporation.
Capital Sum Assured effective from 1.2.2014:

Category Basic Pay (Rs.) Sum Assured
I 50810/- & above 25 Lacs
II 35300/- to 50809/- 20 Lacs
III 24800/- to 35299/- 15 Lacs
IV Less than 24800/- 10 Lacs
Please refer to Circular GPAP-2014-15, CO/Per/ER-A/089/2014 dated

20/11/2014
And Cir No: CO/Per/ER-A/057/2014 Dt 04/03/2014 GPAP
Form for Declaration for Assignment (GPAI)
45A. Group Insurance for cash carrying persons

Group accident policy for employees A capital sum assured of Rs 10,00,000
carrying cash to the bank and the
employees accompanying them.

46. Preventive Health Checkup scheme
Amount to Frequency of checkup in age band where age is based
Category be on age last birthday
Reimbursed 40-44 45-49 50-54 55-60
I Basic Pay
Rs 58690/- Rs 5,000 Once Twice Twice Every Year
& Above
II Basic Pay
from Rs
Rs. 4,000 Once Twice Twice Every Year
42196/- to
Rs. 58689/-
III (Basic
Pay below Rs. 3,000 Once Twice Twice Every Year
Rs 42196/-)
Revision effective from 15/01/2016.
It is to be noted that there has to be a gap of two full years between two preventive check-
ups if the age of the employee is up to 54 years. For the employees above 55 years of age,
this gap has to be at least one full year. No non-availed benefit can be carried forward in
the future years.
Click to find Cir No: CO/Per/ER-A/026/2013 dt 12/03/2013
47. Leasing of Flats/Houses for use as Staff Quarters

Lease Rental Limits:(Ref:Circular-CO/SBU/Estates/Circular no 66 dt.23.04.15)
Rental Ceiling
Metro A Class B Class C Class Cities
Cadre
Cities Cities (Rs) Cities (Rs)
(Rs) (Rs)
SDM/DM-in-
29000 23000 16000 13000
Charge
DM/SBM/ADM 26000 21000 14000 12000
BM-I/C 21000 16000 11000 9000
BM/AO/ABM/
20000 15000 10000 8000
AAO
HGA 9400 6200 4700 3900
. Metro cities are Mumbai, Delhi,Channai,Kolkata, Bengalaru,Hydrabad . The
above limit is inclusive of monthly society charges and car parking charges.
Minimum Area Norm for Flats / House under Lease:
Carpet Area in Sq ft.
Cadre
Minimum Area Maximum Area
ZM & Above 1200 2000
SDM/DM in Charge 1000 1500
DM/SBM/ADM 800 1250
AM/AO/ABM/AAO 650 1000
HGA 400 600
48. Group Mediclaim

The Group Mediclaim Scheme 2015-16 provides for cashless facility for all diseases
and treatment/reimbursement of hospitalization/domiciliary hospitalization expenses to
all classes of in-service employees, retired employees and their dependents including
dependent parents and parents-in-laws,[i.e. continuation of coverage to dependent parents
and parents-in-laws even after retirement] through a Group Mediclaim Policy (Floater
Mediclaim coverage). Cashless facility will be available through TPAs in hospitals
covered under their network.
Room Rent Limit per Day:

A Class Cities-8500/-; B Class Cities-5000/-; C Class Cities-4000/-
Classification of Cities: [For Room Rent Limit]
A Class Cities: Ahmedabad, Gandhi Nagar, Bengaluru, Chennai, Hyderabad(including

Secunderabad), Kolkata, Greater Mumbai, New Delhi, Faridabad, Ghaziabad, Gurgaon,
Noida, Pune and Surat.
B Class Cities: Agra, Allahabad, Asansol, Bhopal, Coimbatore, Goa (Entire State),
Indore, Jaipur, Jabalpur, Jamshedpur, Kanpur, Kannur, Kochi, Kozhikode, Lucknow,
Ludhiana, Madurai, Mallapuram, Meerut, Nagpur, Nasik, Patna, Rajkot, Srinagar,
Thrissur, Thiruvanthapuram, Vadodra, Varanasi, Vishakhapatnam, Vijaywada.
C Class Cities: Other than A & B Cities.
Zone wise TPAs for Cashless servicing purpose:

Office/Zone Name of TPA Website/ Toll Free no
(Dedicated for LIC)
Northern/Western/ Central M/S MD India www.mdindiaonline.com
Zone & CO Healthcare Service (TPA) 18002335588
Pvt. Ltd.
North Central Zone M/S Raksha TPA Pvt Ltd www.rakshatpa.com
18001039533
East Central/Eastern Zone M/S Heritage Health www.heritagehealthservice.com
TPA Pvt Ltd. 18001024547
South Central Zone M/S Medi Assist India www.mediassistindia.net
TPA Pvt. Ltd. 18004191154
Southern Zone M/S Vidal Health TPA www.vidalhealthtpa.com
Pvt.Ltd. Kerala-18004256268
Tamilnadu-18004257595
List of Hospitals covered will be available in TPAs website as well as LICs intranet
website.

The Policy is being serviced by The New India Assurance Company Limited.
The coverage under the policy:
BASIC PAY CATEGORY FAMILY FLOATER SUM INSURED
RS.58690/- AND ABOVE I 1000000

RS.42196/- TO RS.58689/- II 600000
UPTO RS 42195/- III 500000
Ref: CO/PER/ER-A/172/2017 DT. 26.12.17
Option is there to increase the cover additionally on floater basis upto 4 lacs,5 lacs,6
lacs,8 lacs,10lacs, 12 lacs,15 lacs, 20 lacs,25 lacs and 30 lacs.40 lacs, 50 lacs . This is
including the Basic Sum Insured limit. Option for 40 lacs and 50 lacs will be effective
from 01-04-2018.
1/4th of the premium is paid by employee and 3/4 th by the corporation. Sharing of
premium by LIC will be applicable for i) the employee, ii) spouse, iii) two dependent
children, for in-service Employees. Sharing of premium in case of Retired employees will
be for i) the retired. employee, ii) spouse, iii) disabled children only. Retired employees
are eligible to be covered under the Scheme without any restriction in upper age.
There is a provision for granting advance by LICI.
http://10.240.71.51/pers/era/CO_ER-A_164 dtd 23.09.2017.pdf .
CO/PER/ER-A/098/2015 Continuation parents/in-laws dated 22.06.2015.

Renewal of Group Mediclaim Family Floater Policy 2015-16.
CO/PER/ER-A/096/2015, dated 13/04/2015;
Vide Cir No: CO/Per/ER-A/091/2014 , dt 17/12/2014
Advance Mediclaim / HCPT, Cir No: CO/Per/ER-A/062/2014 ,dt 02/04/2014.
Revision Gr. Mediclaim, Cir No: CO/Per/ER-A/058/2014 Dt 04/03/2014.
Vide Cir No: CO/Per/ER-A/082/2014 , dt 08/09/2014 for Regular Part timer ,
49. High Cost Protracted Treatment (HCPT)

The scheme provides for reimbursement of medical expenses incurred by the employee
for treatment of specified diseases which involves high cost and/or protracted treatment.

The beneficiaries under the scheme include (1) the employee (2) spouse and (3) two
dependent children.
The maximum reimbursement allowed is Rs.10 Lakh during the service period with no
restriction on the number of occasions to avail this.
There is a provision of granting advance also.
Please refer to Cir. No: CO/Per/ER-A/059/2014 Dt 04/03/2014, and for
Advance Cir No: CO/Per/ER-A/062/2014 dt02/04/2014. And Cir No: CO/Per/ER-A/
073/2014 , dt 10/06/2014
50. Employees Relief Fund

The purpose of this scheme is to grant monetary relief to employees who suffer from
prolonged ailments involving heavy medical expenses or to those who may be affected by
natural calamities.
Under the scheme only those cases are considered where there is no further scope for the
distressed employee to get any relief under any of the other available schemes including
loan from PF and Co-operative Credit Societies.
The monetary assistance is given in the form of ex-gratia payment and/or interest free
loan recoverable from the salary of the employee in 25 monthly installments.
At present the relief is granted as under:
Person Ex-gratia Interest free loan

Employee Rs.10,000/- Rs.10,000/-
Spouse Rs. 5,000/- Rs. 5,000/-
Dependent Children Rs.3,000/- Rs. 3,000/-
51. Allowance for working at Mini Offices

The allowance is 10% of basic Pay [Pay means only Revised Basic Pay drawn by the
employee] subject to a maximum of Rs. 3000 w.e.f. 01/08/2012.
Please refer to Circular No: CO/Per/ER-A/128/2016 dt 13/05/2016.

CO/Per/ER-A/094/2014 , dt 26/03/2015 ; CO/Per/ER-A/068/2014 , dated
08/05/2014, and CO/Per/ER-A/033/2013 ,dt 24/06/2013
52. Payment of Gratuity:

As per rules of the Corporation, employees who have completed 15 years of service are eligible
for gratuity. First, gratuity is calculated as per rule of the Corporation and then it is calculated as

per payment of gratuity act, 1972. As per Act Gratuity is payable after 5 yrs of service. Gratuity
admissible is either the one determined as per Corporation rules or the one determined as per the
provision of Gratuity Act, whichever is more favourable. The maximum gratuity as per rule of
the Corporation for class-I & class-II officers is 15 months terminal pay for first 30 yrs of
service and thereafter half month for each complted yrs of service and 20 months terminal
pay for Class III & class IV. The maximum gratuity as per payment of gratuity act is Rs.20
lakhs.
Gratuity in case of Promotee Officers (Class-III to Class-I): In case of Class-I Officers

promoted from Class-III, the gratuity shall not be less than what would have been admissible to
him had he continued as a Class-III employee, when the gratuity becomes due.
Group Gratuity Scheme: In case of death of an employee/officer while in service the amount
of gratuity will be equal to the amount the employee would have received had he survived and
continued in service till his normal date of retirement.
Class I & II Officers In case of death of an Officer while in service, regardless of the number of
years of service, under the Group Gratuity Scheme the higher of the following is payable:
Based on the salary drawn as on the date of death and length of service which the
Officer would have put in had the Officer served up to the normal date of retirement.
As per Payment of Gratuity Act:
At the rate of 15 days salary drawn as on the date of death for a length of service which the
Officer would have put in had the Officer served up to the normal date of retirement, subject to a
maximum of ` 20,00,000/-
Class III & IV Employees

In the event of death of a Class III or IV employee while in service of the Corporation, Gratuity
would be paid on the basis of the length of service which the employee would have put in, had the
employee served up to the normal retirement date.
a. Death before completing 15 years of service:

i. Based on the basic salary drawn as on the date of his death and service
up to his normal date of retirement, Maximum limit 20 months’ terminal
Basic Pay.
ii. At the rate of 15 days salary for each completed year of service, which the employee
would have completed, had he survived and served upto his normal
retirement age subject to a maximum ` 20,00,000/-
b. Death after completing 15 years of service:

i. Based on the basic salary drawn as on the date of his death and service up to his normal
date of retirement, Maximum limit 20 months’ terminal Basic Pay.
ii.:At the rate of 15 days salary for each completed year of service, which the employee
would have completed, had he survived and served upto his normal retirement age.
iii. At the rate of one month salary (as desired in the provision (a)) for each completed
year of service up to the date of his death subject to a maximum of ` 10,00,000./-
FORM OF NOMINATION FOR GRATUITY
52A. Additional Gratuity (for Class-I and Class-II Officers):

• The Scheme shall apply to confirmed whole time Class I and Class II Officers of
the Corporation.
• In the case of Class III employees promoted to Class I the Scheme shall apply
from the date of their promotion to Class I. Service prior to promotion is also
counted for this purpose.
• The officer should have a qualifying policy ( Endowment or whole life policy)
• GSLI policy is qualified and is treated as Endowment Policy for this purpose.
In every five years of service:

Term cover shall increase by Rs.1000/= if the officer possesses endowment policy and by
Rs. 1250/= if he possess whole life policy
Class I Officer
Type of policy in Benefits of term cover Event when payable

possession Minimum Maximum
1.Endowment 4000 8000 Retirement/ Death
2. Whole life 5000 10000 Retirement/ Death
Terms Assurance/Free Insurance (For Class-III/IV Employees):
a) Terms Assurance(on Death)
Class-III Class-IV
Employees Employees
Total service from confirmation (Rs.) (Rs.)
Less than 5 years 4500 2250
5 years Or more but less than 10 years 6000 3000
10 years or more but less than 15 years 7500 3750
25 years or more 12000 6000
b) Free Ins. (on Retirement)
• Class III & IV employees retiring from the services of the Corporation are
paid Free Insurance Benefit of ` 3,750/ - for Class III and ` 3,000/- for Class
IV employees.
53. Provident Fund:

Employees Contribution 10% of pay
Corporations Contribution Matching contribution(10% of pay)
Corporation's contribution shall be made to Pension
In case employee opted for Pension
Fund.
In case of employee who has not Corporation’s contribution shall be made to
opted for Pension Provident fund.
Provided that these rules shall not be applicable to the officers/employees

joining the service of the corporation on or after 01.04.2010 and they shall be
covered by a Defined contribution Pension Scheme. Since, these
employees/officers are covered by Defined contribution Pension Scheme;
they will cease to be governed by LIC of India (Employees) Pension Rules,
1995 and LIC of India Provident Fund No.1 Rules. Therefore, no deduction
from salary against Employees Contribution to Provident Fund is to be made
in respect of such employees.
FORM OF NOMINATION FOR PF 1
54. Pension:
Employees on superannuation with minimum 10 years of active service or on voluntary
retirement with 20 years of continuous service are eligible for pension. The total pension
includes basic pension, additional basic pension and dearness allowance. The basic
pension is equal to number of qualifying years of service divided by 33 multiplied by the
average emoluments for the last ten months. The minimum pension is Rs.3010/- per
month. Maximum of 1/3 rd of Basic Pension can be commuted.
Family Pension: It is payable to spouse or children below 25 years (in respect of son,
unmarried daughter), in the event of death of an employee while in service or after
retirement or even if the death occurs during probation period. Basic Family Pension
plus additional Family Pension should not be less than Rs.3010/- per month.
Compassionate Allowance: Competent Authority may grant at his discretion a

Compassionate Allowance to an employee who is dismissed, removed, terminated or
compulsorily retired which shall not exceed 1/3 rd of Basic Pension and not less than
minimum pension.
Invalid Pension: Employee with minimum 10 years service and retired from service on
account of bodily or mental infirmity will be eligible for Invalid Pension.
Identity Cards will be issued to all the retired employees and family pensioners
at Corporation’s cost on submitting the photograph size 2.5 X 2 cm by the retired
employee.

54 A: Pension Scheme (DCPS), 2010: [For Information Only]
Employees joined on or after 01.04.2010 are covered by DCPS. [Defined Contribution of
Pension Scheme, 2010.]
Under this scheme, 10% of basic pay plus Dearness Allowance is deducted per month
and Corporation contributes an equal amount to the scheme.
Both contributions will go to Pension Corpus.
Provident Fund benefits are not admissible.
Pension and commutation shall depend on the accumulated Corpus, type of annuity
(Pension) selected and annuity rates available at the time of vesting.
In case of death of an employee while in service, the nominee shall have an option to
receive cent per cent of the accumulated Pension Wealth in lump sum or may purchase a
life annuity from any IRDA regulated Life Insurance Company.
On retirement, the retired employee may commute maximum of 1/3rd of Pension Wealth
and the balance pension wealth will be utilized to purchase an annuity from any IRDA
regulated Life Insurance Company.
On resignation, 20% of available Corpus will be paid as commutation and balance 80% to
be utilized for the purpose of pension.
55. Group Savings Linked Insurance Scheme (GSLI)

Revised Monthly
Basic Total Corporation’ Contribution of
Pay Life Life s Share of Employee
Basic Pay
Category w.e.f Cover Cover Life Cover towards
(Rs)
01-11- (Rs) Premiu Premium Life
Savings
2016 m (Rs) (Rs) Cover
(Rs)
(Rs)
50810 & 97150 &
I Above above
2000000 440 110 330 817
67415
35,300-
II TO 1700000 372 93 279 691
50809
97149
47285
24,800-
III TO 1300000 284 71 213 527
35,299
67414
24385
12,855-
IV TO 850000 184 46 138 342
24,799
47284
V 7,115-12854 13435 600000 132 33 99 245

TO
24384
Less
VI Below 7115 than 350000 76 19 57 141
13435
 GSLI scheme year commences from 1st November of every year
 GSLI scheme is compulsory for all employees who have joined the organization
on or after 01.11.1987
 [ In lieu of GSLI Policy, New Group Insurance Policy is applicable for employees
who have joined the Corporation on or after 1st November,2013 ]
 Every member, at the time of entry into the scheme, has to appoint one or more
beneficiaries in Form IV (wife/child/children/dependants)
 In case of absence of any of the persons mentioned above, the employee will have
to appoint one legal representative whom the accumulated money can be paid in
case of death while in service.
 Vide Cir No: CO/Per/ER-A/077/2014, dt 04/08/2014 for new member restriction
 Form of Appointment of Beneficiary (GSLIS)
55A.New Group Insurance Policy in lieu of GSLI Policy

Revised Basic
Total Life
Effective
Category Basic Pay (Rs) Life Cover (Rs) Cover
From
Premium (Rs)
01/04/2016
97150 &
I 50,810/- & above 2000000 323.33
above
67415 TO
II 35,300/-to -50,809/- 1700000 274.83
97149
47285 TO
III 24,800/--35,299/- 1300000 210.17
67414
24385 TO
IV 12,855/--24,799/- 850000 137.42
47284
13435 TO
V 7,115/--12,854/- 600000 97
24384
Less than
VI Below 7,115/- 350000 56.58
13435
This New Group Insurance Policy (Life Cover only without DAB) is compulsory and
applicable for those employees who join/ have joined the services of the Corporation on
or after 01/11/2013. This is in lieu of GSLI Policy. [Savings portions of premium, if any,
deducted earlier will be refunded.] Basic pay as on 1st April will be the basis for life cover
and premium for the following policy year. Advance premium will be deducted from
March Salary. Policy anniversary date is 1st April and new entrants joining after this date

will become member from the next policy year [ same as in case of change of category or
change in basic pay].
Master policy holder: ED(P),CO, Mumbai.
Pl find circular no: CO/Per/ER-A/099/2015 , Date: 10/07/2015. , Co/PER?
ER_A/182/2018 dt. 10.03.18
56. Group Insurance for Employees-2004
http://10.240.71.51/pers/era/GI Scheme for Class-III III

IV.pdf dt. 05.12.17
All new employees have to join this scheme from the date of probation .
In case of death, claims have to be preferred by the nominee at the office where the
employee worked last. That office will forward the claim form along with the certified
premium position and a copy of Death Certificate to the concerned P&GS department.
The P&GS department will pay the claim amount to the respective OS department of
LIC.
Nomination FORM OF APPOINTMENT OF BENEFICIARY GI 2004
57. GTIS-1997 (for employees who opted for pension)

[Revised Category as shown below will be effective from 1/09/2016]
Cover (Basic Pay Premium Per Month

Term Cover (Rs)
Range) (Rs) (Rs)
97150 & above 24,00,000 550.00
67415 TO 97149 20,00,000 458.33
47285 TO 67414 14,00,000 320.83
24385 TO 47284 10,00,000 229.17
13435 TO 24384 5,00,000 114.58
Less than 13435 3,00,000 68.75
 This scheme is for those pension optees who are governed by LIC of India
(Employees) Pension Rules, 1995 and joined GTIS 1997 scheme.

 The Scheme is non contributory. This is a family benefit scheme in the event of
death of employee while in service. Every member has to appoint one or more
beneficiaries.
Please refer to Circular No: CO/Per/ER-A/078/2014 ,dated

09/08/2014.
 58. Encashment of PL
In service employees can avail PL encashment once in a Block of 2 Calendar
Years.
Current Block: 01/01/2014 to 31/12/2015. Next Block: 01/01/2016 to 31/12/2017.
Maximum No. of days

Event Formula
Basic Pay, Spl Allow, Other Allow Excluding Functional
Allow, HRA, Entertainment Allow.
In Service 15
(Salary+ Eligible Allow) ÷ 30 days (for all months) X No of PL
Unavailed PL x Terminal salary excluding HRA, CCA,
Retirement 240
Transport Allowance and Functional Allowance.
Death 240 Unavailed PL x Leave Salary
For PL Encashment vide Cir No: ZD/1205/ASP/2012 dt

10/07/2012
59. Retirement Traveling Allowance:

Class-I/Class-II officers occupying Staff Quarter/Leased Accommodation can claim
Retirement Traveling Allowance for shifting to Home Town or reimbursement in lieu of
Retirement Traveling allowance for shifting to a local place not later than the month
following the month up to which he/she has been permitted to retain the Staff
Quarter/Leased Accommodation.
In cases where Staff Quarter/Leased Accommodation is not occupied, Retirement

Traveling Allowance either on retirement or death may be claimed beyond the stipulated
period of six months up to a period of one year from the date of actual retirement or date
of death as the case may be with specific permission from the Competent Authority.

For Declared Home Town
Entitled class for ZM (O) and above is Air fair and for other officers AC II tier along
with family members and cost of transportation.
For Settling in the same place
Where the transportation of household goods does not require engaging a lorry, then the
maximum reimbursement will be in metros Rs.2000 and Rs.1000 in other places. Where
the transportation requires a lorry then reimbursement of transportation cost will be made
subject to production of relevant receipts/voucher. In this case the limit is in metros actual
subject to a maximum of Rs.6000/- and in other places actual subject to a maximum of
Rs.4000/-. Apart from this loading and unloading charges are also reimbursable. In
metros both loading and unloading charges are actual subject to a maximum of Rs.2000/-
each and in other places actual subject to a maximum of Rs.1000/- each.
Vide [ Cir No: CO/Per/ER-A/081/2014 ,dt 04/09/2014 ,

CO/Per/ER-A/064/2014 ,Dt 03/04/2014] AND
ZD/1148/ASP/2010 DT 06/03/2010
60. Housing Loan Scheme:

Quantum of Loan:
EARLIER REVISED ( Revised w.e.f. 01/04/2016)
CADRE LOAN CADRE EXTENDED TOTAL

AMOUNT LOAN CADRE AMOUNT OF
(Cadre + @ 5%, LOAN LOAN
Extended) : @8.5%,
Class –IV 8,00, 000 13,25,000 16,75,000 30,00,000
(Sweepers/peons/Driver
s
Class-III (Record 10,50,000 17,25,000 20,75,000 38,00,000
Clerks)
Class-III (Assistant/ 12,00,000 20,75,000 24,25,000 45,00,000
Stenos/ HGA
Class-II (Development 13,00,000 21,25,000 28,75,000 50,00,000
Officers)
Class - I
AAO / AO 16,00,000 28,00,000 32,00,000 60,00,000
ADMs 18,00,000 28,75,000 34,25,000 63,00,000
DM / SDMs 18,00,000 33,00,000 37,00,000 70,00,000
ZM (O) / ZM (S) 20,00,000 36,00,000 44,00,000 80,00,000
Outstanding Extended Cadre Loan as on 31/03/2016 shall be converted to Cadre
Loan as per Table above w.e.f :01/04/2016. Subsidy for conversion is to be given to
employees’ Salary from April, 2016 onwards.
If an employee has taken housing loan on market rate from LICHFL or any other
Financial Institution, the same can be converted up to the limit as per above Table
on written request to LICHFL and subsidy of such amount will be allowed from the
date of conversion / taking over by LICHFL.
General Rules:
 All confirmed employees are eligible.

 Second Housing Loan will be sanctioned only after expiry of five years from the
date of disbursement of last installment of 1st Housing Loan but quantum will be
the balance amount after deduction of 1st loan availed.
 Housing Loan can be availed for purchase of ready-built Flat / House, under
Constructions Flat, Plot (from Boards / Authorities) ,for Construction / extension
of House, Repairs and Renovations of Flat / House, for any other purpose to
enhance comfort/ utility of flat/ house.
 Loan shall not exceed 85% of total property value including stamp duty and
registration fee.
 Other sources of income including salary of spouse, etc. may be taken to ascertain
repayment capacity.
 On exit by way of retirement, resignation, termination, dismissal, removal,
discharge etc. the benefit for special corporate rate for LIC shall cease.
 The Cadre Loan and Extended Cadre Loan with interest will be repayable over a
period of 25 years or till the date of retirement whichever is earlier or 70 years of
age in case of pensioners.
 EMI will be calculated notionally for 25 years or up to retirement or 70 years of
age in case of pensioners, when residual service is less than 25 years on the date
of sanction of Loan.
Click to Cir No: CO/Per/ER-A/127/2016 Dt: 26/04/2016

For details please refer to circular Ref: CO/HPF/735, Date: 04/03/2010.
------------------------------------------ x-------------------------------------------------

Special Guidelines for all the employees
1. Nominations for Group Personal Accident Insurance, Provident Fund, Group Savings
Linked Insurance, Group Insurance and Group Term Insurance for pension optees are a
must for all the employees. The employees are expected to take initiatives to collect these
forms and submit these to the offices they are attached with.
2. There are some payments in respect of which the employee has to keep the records in
his own personal file. They should keep copies of last reimbursement particulars in
respect of purchase of mobile phones, brief-cases, newspapers/magazines etc.
3. There are some employee benefits in respect of which the employee has to take
initiative to avail them in time. These benefits are not made available by the office
automatically. Benefits like leave encashment in a particular block, LTC to be availed in
a particular block, preventive medical checkups etc have to be availed by the employee
by checking his eligibility.
4. Regarding preventive medical check-up, the employee has to talk to the concerned
Hospital/ Nursing Home to fix date of appointment and then present himself at the
hospital. The employee has to see the list of hospitals to choose from. This list can get
updated from time to time.
5. Regarding LTC, there is a list of approved tour operators. The employee needs to see
the list before booking seats with a particular operator. A particular operator may have
worked with us for a long time but may be a blacklisted one at the moment due to various
reasons.

Relevant circulars:
CIRCULAR NO DATE SUBJECT
CO/OS/Mobile/2016/02 06/01/2016 Mobile Handset

CO/Per/ER-A/128/2016 13/05/2016 Allowance Mini Office
CO/Per/ER-A/127/2016 26/04/2016 Housing Loan
CO/Per/ER-A/124/2016
16/04/2016 Mediclaim
01/04/2016 Festival Advance
29/02/2016 Officiating Cashier Allowance
29/02/2016 LTC – on line receipt / Toll Tax
22/02/2016 Health Check-up
12/02/2016 Mediclaim
12/02/2016 GI
15/01/2016 Revision ClassIII & IV
15/01/2016 Revision Class-II
15/01/2016 Revision Class-I
30/09/2015 Officiating Cashier
01/09/2015 Tea-Coffee
01/09/2015 Meal Coupons
CO/Per/ER-A/101/2015 08/08/2015 Education Advance
CO/Per/ER-A/100/2015 Conversion of four wheeler Scheme from AAO/AO to

10/07/2015 ADM/DM Scheme on Admn side
10/07/2015 New GI Scheme in lieu of GSLI
CO/PER/ER-A/Res/PWD/C.A
08/07/2015 Conveyance Allowance Hearing and Speech Impaired
22/06/2015 MEDICLAIM
CO/PER/ERA/LTC/RRB
05/06/2015 LTC Clarification
CO/Per/ER-A/096/2015 Renewal of Group Mediclaim Family Floater Policy for
13/04/2015 the Year 2015-16.
08/04/2015 Review of procedure for claim settlement under LTC
26.11.2014 Group Insurance Scheme for Corporation employees
CO/Per/ER-A/089/2014 20/11/20 24 Hours GPAP – 2014-

14
CO/Per/ER-A/087/2014 08/11/20 Conveyance Allowance to Hearing and Speech Impaired
14 employees
CO/Per/ER-A/081/2014 04/09/20 Reimbursement of expenses incurred on shifting of
14 personal belongings [RTA]
CO/Per/ER-A/080/2014 01/09/20 Meal Coupons to the Officers/Employees working in LIC
14 offices
CO/Per/ER-A/078/2014 09/08/20
14 Group Term Insurance Scheme, 1997
CO/Per/ER-A/074/2014 23/06/20
14 Grant of Vehicle Advance to Sweeper cum Attendant
12/05/2014 Leave Travel Concession
CO/Per/ER-A/064/2014 03/04/20
14 Retirement Traveling Allowance
CO/Per/ER-A/062/2014 02/04/20 Advance against Reimbursement against Group
14 Mediclaim Policy/Ex-gratia for HCPT scheme
CO/Per/ER-A/059/2014 04/03/20 Ex gratia reimbursement of Medical Expenses for High
14 Cost Protracted Treatment (HCPT)
CO/Per/ER-A/058/2014 04/03/20 Revision of limits of cover under Group Mediclaim
14 Scheme
CO/Per/ER-A/057/2014 04/03/20
14 24 hours Group Personal Accident Policy
CO/Per/ER-A/053/2013 10/01/20
14 Group Insurance Scheme – service tax
CO/Per/ER-A/051/2013 19/12/20 Advance against Natural Calamities viz Flood,
13 earthquake, cyclone etc.
CO/Per/ER-A/049/2013 21/11/20 Group Insurance Scheme for Class- I, Class-II, Class-III
13 & Class- IV Employees of the Corporation.
CO/Per/ER-A/045/2013 Renewal of 24 Hours Group Personal Accident Policy for
08/10/2013 the year 2013-14.
CO/Per/ER-A/041/2013 Scheme of Providing Meal Coupons to the

02/09/2013 officers/employees working in LIC Offices. .
Ref:CO/OS/Mobile/ 2013-14 / 03
01/07/2013 Providing Mobile handset to officers for official purpose

CO/Per/ER-A/033/2013 Payment of Special Allowance to Officials posted at Mini
24/06/2013 Offices.
12/03/2013 Preventive health Check-up Scheme.
CO/Per/ER-A/023/2013 Advanced for Purchase of Computer/Laptop, Ipad/Tablet
11/03/2013 to employees of the Corporation.
CO/Per/ER-A/018/2012 Modification to LIC Of India (Leave Travel Concession)
31/12/2012 Instructions, 1994 - LTC after Superannuation
CO/Per/ER-A/016/2012 Revision in the limit of Reimbursement of lodging
24/12/2012 charges at hotels to employees on official tour.
CO/Per/ER-A/013/2012 Mobile Expenses Reimbursement to AAOs,AOs,ADMs
12/12/2012 and DMs on Administration side.
Encashment of Privilege Leave by employees while in
ZD/1205/ASP/2012 10/07/2012 service
ZD/1203/ASP/2012 21/06/2012 Monetary limits for serving Tea/Coffee
CO/HRD/SPR/108/11-12/011 19/09/2011 Special Sports allowance

LIC Employees' Group Term Insurance Scheme (GTIS),
ZD/1184/ASP/2011 01/04/2011 1997 (Increase in Term Cover)

Ref : CO/OS/P&S/JND/2011/22
10/03/2011 Supply of brief case/leather bags to class-I officers
CO/OS/OA/VPT/2010/13 01/01/2011 Reimbursement of Broadband Usage Charges

ZD/1170/ASP/2010 Revision of rates of Daily Allowance Payable to
07/12/2010 employees while on tour in India.
ZD/1167/ASP/2010
03/11/2010 Revision in quantum of Festival Advance
Instructions for implementation of the Life Insurance
Corporation of India (Special Allowance for in-house
ZD/1155/ASP/2010 Development of Actuarial Capability) Amendment Rules,
14/06/2010 2010.
ZD/1148/ASP/2010
06/03/2010 Retirement Traveling Allowance
CO/HPF/ 735 04/03/2010 Revision in Housing Loan Scheme for Employees

ZD/1122/ASP/2008 LTC to Andaman & Nicobar islands and Lakshadweep
26/04/2008 islands
ZD/1121/ASP/2008
11/04/2008 Daily Allowance for journey to Foreign Countries
ZD/1114/ASP/2007
17/11/2007 Foreign LTC
ZD/1044/ASP/2004
29/04/2004 Reimbursement of cost of Daily/Magazine
OLI/ABC/Region/ZD/07/2002 26/10/2002 Incentive for passing Hindi Examination

ZD/956/ASP/2000 Scheme of Advance for purchase of Vehicles to Class-I
31/05/2000 Officers on Administrative side

Some Specimen Forms & Charts
Declaration for Assignment (GPAI)
I, ----------------------------------------------(Name in full) do hereby assign the money

payable by the New India Assurance Co. Ltd. Under Group Personal Accident Insurance
policy No …………………………….. in the event of my death to my ---------------------
(mention relationship with the Insured), Mr/Mrs/Miss ------------------------------------------
(Name in full) and I further declare that receipt shall be a sufficient discharge to the
Company.
(Signature) ----------------------------------------------
At ------------------------------------- Designation ------------------------------
Dated --------------------------------- S.R. No ----------------------------------
Witness: ------------------------------ Place of Posting -------------------------
Signature ----------------------------
Name --------------------------------

Form of Appointment of Beneficiary (GSLIS)
I, ---------------------------------------------- (Name in full) an Insured member of the Life

Insurance Corporation of India Group Savings Linked Insurance Scheme hereby appoint
in terms of Rules No 8 headed “Appointment of Beneficiary” of the Rules governing the
Scheme my (relationship) named ------------------------------------------------------ and whose
address is ---------------------------------------------------------------------------------------------as
the person to be the beneficiary to whom the moneys payable in terms of the rules of the
scheme shall be paid in the event of my death.
Signed at --------------------- this --------- day of ----------------------------
Signature of the Insured member ----------------------------------
Designation -------------------------
S.R. No ------------------------------
Witness: ------------------------------ Place of Posting ---------------------
Signature ----------------------------
Name --------------------------------

C.O.CIRCULAR REF:-
NO-ZD/1051/ASP/2004
DATED : 18/10/2004
FORM OF APPOINTMENT OF BENEFICIARY
(NOMINATION FORM UNDER GROUP INSURANCE SCHEME FOR CLASS-I/

II/III/IV EMPLOYEES OF THE CORPORATION-2004 )
I _____________________________________ an insured member of the

Life Insurance Corporation of India’s Group Insurance Scheme for Class-I/II/III
and IV Employee
of the Corporation -2004 do hereby appoint my (Relation)
_______________________________
Named_________________________________________________________ and whose
address is
________________________________________________________________________
_______
________________________________________________________________________
_______ as the person to be Beneficiary to whom the moneys payable in terms of the
Rules of the Scheme shall be paid in the event of my death.
Signed at___________________ this ________ day______________ of ___________20
Witness By Signature of Insurance Member

1.____________________ Salary Roll No.______________
(Signature ) Designation _________________
Name __________________ Place of Posting_______________
Address_________________
2._______________________
(Signature )
Name____________________
Address__________________

( TO BE FILLED IN DUPLICATE )
LIFE INSURANCE CORPORATION OF INDIA
FORM OF NOMINATION
To,
THE ZONAL MANAGER,
L.I.C.OF INDIA,
________________
I, Sh/Smt./Kum.______________________________________ an
employee of the Life Insurance Corporation of India whose particulars are given below in
the statement, do hereby nominate the person(s) mentioned below to receive the Gratuity
payable under the payment of Gratuity Act-1972/under the rules of Life Insurance
Corporation Of India notified and amended from time to time by the Central Government
under Section 48 of the Life Insurance Corporation Act-1956 and is as applicable to me,
after my death as also the Gratuity standing to my credit in the event of my death before
the amount has become payable or having become payable has not been paid and direct
that the said amount of Gratuity shall be paid in proportion indicated against the name(s)
of the nominee(s).
NOMINEE(S)
NAME IN FULL ADDRESS AGE OF PROPORTION BY WHICH

OF RELATION NOMINEE GRATUITY
NOMINEE(S) WITH THE WILL BE SHARED
EMPLOYEE

PAGE-(2)
2. I hereby certified that the person(s), mentioned is/are a member(s) of my

family within the meaning of Clause (h) of Section-2 of the payment of
Gratuity Act-1972 and is/are dependent upon me.
3. I hereby declare that I have no family within the meaning of Clause(h) of
Section-2 of the said act and should I acquire family herein after, the above
nomination should be deemed as cancelled.
4. (a). My father/mother/parents is/are not dependent on me.
(b). My husband’s/my wife’s father/mother/parents is/are not dependent on
my husband/wife.
5. Nomination made herein above invalidates my previous nomination.
6. I,Sh/Smt./Kum_____________________________________ given below the
name address and relationship of the person(s) to whom the right conferred on the
nominees named above shall pass in the event of the nominees predeceasing me or the
nominee dying after my death, but before receiving the payment of Gratuity.
NAME IN FULL ADDRESS AGE OF PROPORTION BY

OF RELATION NOMINEE WHICH GRATUITY
NOMINEE(S) WITH THE WILL BE SHARED
EMPLOYEE
NOTE:-
(i) In case the Nominee(s) is/are minor(s),the employee may appoint a
Guardian in Form-B (Revised).
(ii) Strike out the words and paragraphs not applicable. The amount/share of
Gratuity shown in this column should cover the whole amount share payable
to the nominees.
7. The above nomination shall become invalid in the happening of

______________________________ (specify the contingency).

(3)
ANNEXURE – I
STATEMENT OF THE EMPLOYEE
1. Name of the Employee : ____________________________________

2. Sex : ____________________________________
3. Religion : ____________________________________
4. Date of First Appointment : ____________________________________
5. Date of Confirmation : ____________________________________
6. Post held : ____________________________________
7. S.R. No. : ____________________________________
8. Father’s name : ____________________________________
9. Husband’s name : ____________________________________
(For married women only)
10. Marital Status : ____________________________________
(Whether married/unmarried/widow/widower)
11. Date of Birth _________ Days ________ Year _________
12. Permanent Address :
__________________________________________________________________
__________________________________________________________________
____________________ Village _____________________________ Post Office
____________________ District _____________________________ State
Dated this _________________ day of ______________ year _______________

at ___________________________
_______________________
Signature / Thump impression
(if illiterate) of the Employee.
DECLARATION BY WITNESS
Fresh nomination signed/thumb-impressioned/impressed before me after he/she has read

the entries. The entries have been read over to him/her by me.
NAME IN FULL & FULL SIGNATURE OF WITNESSES

ADDRESS OF WITNESS
1. __________________________ 1. ________________________
2. __________________________ 2. ________________________
Place :
Date :
________________________________________________________________________
If signature of the nominee is in vernacular then he/she should declare his/her in own
handwriting above his/her signatures that the contents were explained to him/her and that
his/her replies were given after fully understanding.
LIFE INSURANCE CORPORATION OF INDIA
PROVIDENT FUND-I
THE TRUSTEES,
THE LIFE INSURANCE CORPORATION OF INDIA, NOMINATION NO-
PROVIDENT FUND NO-I REGD. NO-
NEW DELHI
Signature of OIC of PF
Deptt.
I ___________________________________ a member of the Life Insurance

Corporation of India, Provident Fund No. I do hereby nominate under Rule-22, the
person(s) mentioned below to whom the sum standing to my credit in the above
mentioned fund at my death should be paid in the event of the said nominee/nominees
surviving me, if in the event of any of the nominees mentioned below predeceasing me,
the payment should be made to the survivor or survivors of them:-
NAME OF NOMINEE OR RELATION AGE OF NOMINEE(S) AMT. OF SHARE OF

NOMINEES PROVIDENT FUND
1. Certified that I have no family & should I acquire family hereinafter , the
above Nomination should be deemed as cancelled.
2. Certified that my father/mother is/are dependent upon me.
3. The Nomination supercedes all my earlier Nomination (s).
In witness where of I have set my hand at______________________ this

_______________ Day of _______________ 20____.
( SIGNATURE OF MEMBER )
DESIGNATION_____________
S.R.NO:-___________________
NAME OF OFFICE___________
The above named ______________________________ has set his/her hand in the

Joint presence of himself and us who at his/her request and,in such Joint presence , have
hereunto subscribed our names as
1.WITNESS:- 2.WITNESS:-
SIGNATURE__________________ SIGNATURE______________________
FULL NAME _________________ FULL NAME______________________
DESIGNATION ___________________ DESIGNATION_____________________
S.R.NO___________________ S.R.NO.___________________________
ADDRESS_________________________ ADDRESS_________________________

Basic Code of Conduct of the Employees
All employees are whole time employees
All employees of the Corporation are to make themselves available for the
services of the organization on a whole time basis in the capacity and at the
place as decided by the organization.
Abide by the Regulation
Every employee shall maintain absolute integrity and devotion to duty, abide
by all rules and Regulations , comply with and obey all orders.
No employee can pass important internal information to others

No employee shall, in service or after his retirement, pass any important
official information to others unless and until he is ordered to do so by his/her
superior.
Evidence:
No employee can, except with the previous sanction of the competent
authority, give evidence in connection with any inquiry conducted by any
person, committee or authority. He can give evidence before an authority
appointed by the Govt, Parliament, Corporation and Judicial inquiry.
Employee must uphold the interest of the organization
It is the duty of every employee to serve the Corporation honestly and

faithfully, to promote the interest of the Corporation and show courtesy and
attention while discharging duties.
It shall be the duty of every employee to prevent any member of his family
from taking part in, subscribing in aid of or assist in any other manner any
movement which tends directly or indirectly to be detrimental to the interest
of the Life Insurance Corporation or of the Government.
No employee can take part in an election to any legislature or local authority.
The employee can do so only if the Chairman of the organization allows
him/her to do such acts.
No employee can participate in a radio broadcast or write any article

in newspaper
No employee is allowed to be associated with the editing or managing of any
newspaper or periodical. No employee can, except with the previous sanction
of the Corporation, can contribute any article or write any letter to any
newspaper or periodical or say something on a radio broadcast. However, no
such sanction is required if the employee’s contribution is of a purely literary,
artistic or scientific character.

No employee can take up any full or part time job outside the
organization
No employee can, except with the previous sanction of the Corporation,
undertake any full or part time work for a public or private body, private
person, whether stipendiary or honorary.
No employee shall engage himself directly or indirectly in any trade or

business without the approval of the commission.
Employee or his/her spouse can not be an insurance agent of LIC

No employee of the Corporation shall be permitted to act as an LIC insurance
agent and no employee shall allow any member of his family to act as an LIC
agent.
An employee can not take leave without the permission of the

competent authority
An employee can not absent himself from his duties without having obtained
the permission of the competent authority, nor shall he absent himself in
case of sickness or accident without submitting a medical certificate
satisfactory to the competent authority.
For unforeseen emergency one day’s casual leave is allowed without prior
sanction. No employee shall absent himself from his station overnight, except
on duty, without the prior sanction of the competent authority.
No employee or his/her spouse can accept any gift.

No employee can accept any gift nor can he permit his/her spouse to accept
from any person any gift of more than a trifling value.
No employee can make speculative investments

No employee shall speculate in any investment. Habitual purchase or sale of
securities of notoriously fluctuating values shall be deemed to be speculation
in investment .No employee shall make or permit his/her spouse or any other
member of his family to make an investment likely to embarrass or influence
him in the discharge of his duties.
Restrictions on Borrowings and Investments:
No employee can lend money to any person possessing land within the local
limit of his authority. However, a small loan without interest may be given to
a friend or near relative even if such persons possess land within the local
limit of his authority.
No employee or his family members can borrow money from any source
other than bank or reputed firms within his local limits of authority. However,
a small amount of purely temporary loan may be taken from a friend or
relative or bona fide tradesman.
Employees in Debt:
An employee must manage his personal affairs in a way to avoid habitual

indebtedness or insolvency. If he is in debt, he has to furnish statement on

his indebtedness on 30th June and 31st December every year. There he must
mention the steps taken by him to come out of his indebtedness. The
employees who fail to liquidate his debt within a reasonable time or furnishes
a false statement shall be liable to disciplinary action.
An employee is deemed to be in debt if his total liabilities exclusive of those

which are fully secured or those taken from Employees’ Co-operative Credit
Society exceed his salary for 6 months.
FILING OF RETURNS OF PROPERTY
No employee or his family members can except with the previous knowledge
of LIC acquire, lease, sell or gift any immovable property in any manner.
No employee can, except with previous sanction of the competent authority,

enter into any transaction with a person or firm with whom he has or had any
official dealings.
Every transaction of movable property has to be reported to the Corporation

immediately if the value of transaction exceeds Rs. 10,000 in case of Class-I
or Class-II employees and Rs. 5,000 in case of Class-III or Class-IV employees.
Commencing from 1st April, 1995, all employees are bound to submit returns
of assets and liabilities in a prescribed form to the Corporation.
In the said returns, all immovable properties acquired or owned or inherited

must be mentioned. In addition all shares, debentures or other securities or
cash including bank deposits held under the employee’s name has to be
mentioned.
For the newly recruited employees, the first of such returns has to be
submitted within one month from the date of appointment, in respect of
assets and liabilities.
Suspension:
The competent authority can place an employee under suspension if there is

a disciplinary proceeding against him is contemplated or pending or if any
case against him in respect of any criminal offence is under investigation or
trial.
An employee who is detained in custody for more than 48 hours is suspended

with effect from the date of detention and will remain under suspension until
further orders.

Subsistence Allowance
Employee under suspension is entitled to some subsistence allowances.
Treatment of the Period of Suspension:
When the suspension or dismissal etc of an employee is found to be

unjustified, the employee is honourably acquitted and he becomes entitled to
his full pay and allowances which he would have entitled to in the case of
non-dismissal or non-suspension, less the subsistence allowance.
Penalties:
Certain penalties are imposed on such individuals who commit any breach of
regulation of the Corporation or who does anything which is detrimental to
the interest of the Corporation. These penalties are as under:
(a) Censure,
(b) withholding one or more increments either permanently or for a specified

period,
(c) recovery from the pay or such other amount as may be due to him of such
employees who cause pecuniary loss to the Corporation by negligence or
breach of order,
(d) reduction to a lower service or post, or to a lower time scale or to a lower

stage in a time scale,
(e) compulsory retirement,
(f) removal from service which shall not be a disqualification for future
employment,
(g) dismissal.
Employees would be given reasonable opportunities to defend themselves

against charges mentioned above.

An employee is considered to have abandoned his post if he absents himself
from duty without leave or overstays his leave for a continuous period of
ninety days without any written intimation.

END.

Employee Benefits

Uploaded by

Copyright:

Available Formats

Employee Benefits

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Employee Benefits

Uploaded by

Copyright:

Available Formats

(As updated up to 03.04.

Purpose of this Booklet

Scope of this booklet

Help us to improve this booklet

The suggestions can be sent to the following e-mail id:

Employees’ Benefit Handbook / EZTC / Kolkata Page 3

Employees’ Benefit Handbook / EZTC / Kolkata Page 4

1. Scale of Pay at various cadres:

Employees’ Benefit Handbook / EZTC / Kolkata Page 5

Pay Scale of Class-III employees is as under:

Higher Grade Assistants 21655-1445(3)-25990-1610(15)-50140

Click to Back to Index

Pay scale of Class-IV employees is as under:

Employees’ Benefit Handbook / EZTC / Kolkata Page 6

Revision Rules: 2016.

Cadre Maximum No. of Cadre Maximum No. of

Click to Back to Index

Employees’ Benefit Handbook / EZTC / Kolkata Page 7

Click to Find Current DA Slabs

4. House Rent Allowance

Rate House Rate Allowance (Per month)

Click to Back to Index

5. City Compensatory Allowance (CCA)

Click to Back to Index

6A. Paradeep Port Allowance:

Employees’ Benefit Handbook / EZTC / Kolkata Page 9

7. Functional & Special Allowances

Cadres of Functional Allowances Special Allowances

In the Scale of Sepoys as Head Peons, Liftmen and

8. Officiating Cashier Allowance

Class III Employees appointed as Cashiers.

Class-I officers in Satellite Offices

Click to Back to Index

9. North East State Educational Allowance

10. Graduation Increments and Graduation Allowance

11. Transport Allowance

11A. Conveyance Allowance for Blind and Differently Abled

Click to Back to Index

Employees’ Benefit Handbook / EZTC / Kolkata Page 11

Cadres of Employees Basic Salary Cash Medical Benefit

13. Washing Allowance

14. Fixed Personal Allowance

Category FPA (in Rs) Category FPA (in Rs)

15. Project Allowance for Engineers

Click to Back to Index

Employees’ Benefit Handbook / EZTC / Kolkata Page 12

No of Papers Passed Special Allowance per Special Allowance per

Click to find Cir No: ZD/1155/ASP/2010 dt 14/06/2010 for Actuarial

Click to Back to Index

Employees’ Benefit Handbook / EZTC / Kolkata Page 13

19. Allowance for the ITSG Group Members

20. Incentives payable on passing Hindi Examinations

21. Festival advance

Click to find Cir No: CO/Per/ER-A/123/2016 dt 01/04/2016 for

Click to Back to Index

Employees’ Benefit Handbook / EZTC / Kolkata Page 14

Quantum of Advance: Up to and Maximum Rs.10 lacs for one child.

Entitled amount of advance = 85% of [Gratuity + PF + Addl Gratuity / Free Insurance

All terminal dues of the employees shall be assigned to the Corporation.