CHAPTER 1 - Border Roads Organisation

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6. Monthly subscription and amount of Insurance cover:-
Group to
which the
employ
belongs
(A) For those who
subscribed at old rates
Rate of
Subscription
(Rs.)
Amount of
Insurance
cover
(Rs.)
(B) For those who subscribe at the revised rates
Before enrolment
as a member
(Rs.)
Rate of subscription
After enrolment
as a member
(Rs.)
Amount
of
Insurance
cover
(Rs.)
„A‟ 80 80,000 40 120 1,20,000
„B‟ 40 40,000 20 60 60,000
„C‟ 20 20,000 10 30 30,000
„D‟ 10 10,000 5 15 15,000
6 (a) A. Applicable to all employees who were members of the scheme on 31 -1-89 and
have opted to continue to subscribe at the old rates.
B. Applicable to all employees who were members of the scheme on 31-1-89 and
have opted to subscribe at the revised rate with effect from 1-1-90 and to those who
joined service on or after 1-2-1989.
The Group to which an employee belongs will be determined wrt the post held by him on
a regular basis on the 1 st January.
Insurance Fund and Insurance Cover
7. In order to provide an insurance cover to each member of the scheme portion of the
subscription shall be credited to Insurance Fund to be held in public Account of the Central
Govt. It will be paid to the families of those employees who unfortunately die, due to any cause
while in Central Govt service. The positive and negative balance under the Insurance Fund shall
be credited/debited with the amount of interest calculated at the prevailing rate of interest on the
post office Saving bank deposit.
Savings Fund
8. The balance of the subscription shall be credited to a saving fund which will be held in
the public account of Central Govt. The total accumulation of the savings together with the
interest thereon will be paid to the members on their retirement/cessation of employment with
the Central Govt or to their families on their death while on service. In the case of death of a
member the payment of the amount of insurance will be in addition to payment of saving Fund.
The positive balance under the savings fund will be credited with the amount of interest
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