Administration Manual - B.E.S.T. Undertaking.

this yearly reconciliation of all the above codes is to be
done for which monthly reconciliation is to be tallied
from available records.
Clerk No. 3 :
195
There are about 85000 policies premia recovery
through paysheet of all the employees of the Undertaking
amounting to Rs. 2.25 Cr. which is deducted and
remitted (Previously only 45000 policies with Rs. 90
lakhs only) to LIC of India, SSS Dept. Santacruz a
cheque by hand delivery before 11th of succeeding
month to enable the Undertaking to receive service
charges from LIC of India. Alongwith with Cheque listing of
exception + not recovered due to CB is also handled over.
New Duties : 02 New Codes are allotted to Max New
LIC Code 194( 0 0002) & TATA AIG 194(00001). The bill has
to be prepared of above two company (Max & Tata) on 5 th of
every month. Cheque should be ready on 15 th of every
month. For preparing bill of Max & Tata to collect listing
from consule room(EDP) one copy of listing to be given to
employee of Company who visits SMA(BB). The work of
reconciliation of Code 189, 192, 193, 194 (1 & 2).
LIC Bill is prepared by 10th of every month by
considering cyclewise paysheet, summaries and retention, if
any, which is forwarded personally to Audit Dept. to
enable to obtain cheque before 11th of the month to be
hand delivered to receive service charges from LIC. The
cheque is to be collected from Cash Department after
completing required formalities and subsequently handed
over to LIC counter(Santacruz).
Employer's certificate of premia remittance is
issued to LIC if employees are required to produce the
same for any period of time for any policy to enable them