Welfare Fund Manual-2012 - Central Industrial Security Force

of lumpsum, the Risk Element will be utilized to meet the expenditure on account of
death/lnvalidation /missing etc. This also includes the administrative cost i.e. expenditure
related to running the scheme.
ll) By Merger of Assets of Risk Premia cum Medical Assistance cum saving
scheme 1997
An amount of approx. 157 crores held in the name of DG CISF RS Fund form the
INITIAL CORPUS OF THE FUND which is utilized for payment of liabilities of RS Fund
and refund of contributions with bonus. The bank account and Cash Book being
maintained for this Fund will continue to be maintained.
(III) By Earning Interest on Deposits:-
The contributions received from members will be invested in Banks/Post Offices
with a view to earn maximum possible but safe interest on the holdings.
6. RELIEF UNDER THE SCHEME
In Case of death / missing and invalidation out of service with 100% disability.
Lumpsum grant of Rs.5,00,000/- (w.e.f. 01.01.2009) on death to NOKs of the
deceased member of the Force and an additional financial assistance of Rs.2.50
Lakhs to living parents of personnel killed in Action (w.e.f. 01.04.2009).
In the case of missing personnel, the benefits of scheme of Rs.5,00,000/- will be
paid at the rate prescribed at the time of occurrence as under:-
i) To be paid in 4 installments. The first installment of Rs.1,25,000/- (w.e.f.
01.01.09) will be payable only after completion of 3 years from the date of
missing.
ii) Rest in three installments of Rs.1,25,000/- each will be made in next three years
after receipt of the report from Police/NOK.
In case of invalidation out of service with disability below 100%.
(i) Lumpsum grant to Invalidation for 81% and above is Rs.5,00,000/- (w.e.f 1.1.09)
29