AS WE HAVE ALREADY REPORTED, CENTRAL OFFICE HAS ISSUED CIRCULAR ON 11TH MARCH 2013 GRANTING CASH MEDICAL BENEFIT OF RS.1000/- PER MONTH TO PRE 1-1-1986 EX-GRATIA PENSIONERS AND RS.500/- PER MONTH TO SPOUSES OF DECEASED PRE 1-1-1986 RETIREES EFFECTIVE FEBRUARY 2013.'
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LIFE INSURANCE CORPORATION OF INDIA
CENTRAL OFFICE
Jeevan Bima Marg,Mumbai- 400021.
Dept : Personnel/ER
11th March, 2013.
To ALL OFFICES OF THE CORPORATION
Re: Cash Medical Benefit to Pre-86 Retirees & spouses of Retirees.
The surviving pre-01.01.1986 retirees of the Corporation have been drawing index-Linked Ex-gratia as per instructions contained in CO circular ref: ZD.f919l'ASPi*99 dated 20.05.1999 whereas the surviving spouses of deceased pre-01.01.1986 retirees of the
Corporation draw ex-gratia as per administrative procedure laid down vide CO circular ref:ZD/1 108!ASPf2007 dated 13.07.2007.
It has now been decided to grant Cash Medical Benefit to the surviving pre-01.01.1986 retirees and the spouses of deceased pre—01.01.1986 retirees who are covered under the above said schemes of ex-gratia. The amount admissible as Cash Medical Benefit is given below:
1. For Pre—86 retirees — Rs.12,000/- per annum, payable monthly.
2. For Spouses of deceased Pre-86 retirees — Rs.6000/- per annum, payable monthly.
Payments of Cash Medical Benetit to the above beneficiaries will continue as long as beneficiary is eligible for above ex-gratia payment.
This comes into force with effect from Board meeting held on 23rd January, 2013 and the payment under Cash Medical Benefit will commence from the month of February, 2013.
Executive Director (Personnel)
