Welfare Fund Manual-2012 - Central Industrial Security Force

2. PRELIMINARY
A) The re-framed Rules may be called the Revised Central Industrial Security Force
Risk Premia cum Saving Scheme Rules -2002. In short the scheme has been titled as
'RS-2002'. This is to provide for the constitution and Regulation of a Private Fund to be
known as (CISF -RS Fund) for providing financial assistance to the families of CISF
Personnel who die while in service and to those who are invalidated out of service or
retire from service on attaining the age of superannuation or leaving the Force otherwise.
The benefits under this scheme may be termed as "LUMPSUM PAYMENT" to the
members or their spouse or their nominee.
(B) This scheme came into force with effect from 1 AUGUST 2002 and the existing
CISF Risk-premia-cum-Medical Assistance-cum-saving scheme 1997 be merged with
this scheme. All assets and liabilities of the existing CISF Risk-premia-cum-Medical
Assistance-cum-saving scheme 1997 to be transferred to the revised scheme with effect
from the date of its inception.
3. DEFINITION
(i) 'RS' means Revised Central Industrial Security Force Risk Premia cum Saving
Scheme Rules -2002.
(ii) 'Year' means the FINANCIAL YEAR i.e. April to March.
(iii) 'Member' means serving personnel (including deputationists) who are
subscribers to the scheme.
(iv) 'Spouse' means legally wedded husband/wife of a valid marriage of the
member.
(v) 'Fund' means the CISF RS Fund.
(vi) 'Principal Beneficiary' means a member who has by virtue of his service and
contribution become eligible to the benefits of the Fund/Scheme.
(vii) 'First Nominee' means the legally wedded spouse of the Principal Beneficiary
in case of a married member or father/mother in case of a bachelor member,
to whom the benefits shall accrue on the demise of the principal beneficiary.
(viii) 'Second Nominee' means such nominee nominated by the Principal
Beneficiary for receiving the benefits of the scheme in the event of the death of
both the principal beneficiary and First nominee.
(ix) 'Bonus' means the amount to be paid in addition to the subscription paid by
the subscriber towards the schemes applicable at that time, i.e., CISF Risk-
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