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Core Purpose

Notification amending four sets of Life Insurance Corporation of India service rules under section 48 of the Life Insurance Corporation Act, 1956, covering daily allowance/hotel charges, Class III and IV employee terms, Class I officer terms, and staff service conditions.

Detailed Summary

The Ministry of Finance (Department of Financial Services) issued four notifications on 17th August 2023 under section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), each further amending existing LIC service rules. G.S.R. 608(E) amends the Life Insurance Corporation of India (Daily Allowance and Hotel Charges to Employees on Tour) Rules, 1989 by substituting a revised daily allowance table (rates from Rs.750 to Rs.2700 across Metro, A, B and C class cities) for Class I to IV staff. G.S.R. 609(E) amends the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985 by inserting a new Officiating Cashier Allowance of Rs.140 per day for Class III employees handling cash. G.S.R. 610(E) amends the Life Insurance Corporation of India, Class I Officers (Revision of Terms and Conditions of Service) Rules, 1985 by inserting a new rule 7H providing a Cash Handling Allowance of Rs.170 per day for Class I Officers in Satellite Offices. G.S.R. 611(E) amends the Life Insurance Corporation of India (Staff) Rules, 1960, revising deputation provisions under rule 19, and casual leave and sick leave provisions under rules 61, 62 and 64, including a 12-day annual casual leave cap and conversion of unused casual leave into additional sick leave. All four notifications were issued under File No. S-14014/04/2022-Ins.I and signed by Mukesh Kumar Bansal, Joint Secretary.

Full Text

EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 478] NEW DELHI, THURS DAY, AUGUST 17 , 2023/ SHRAVANA 26, 1945 CG-DL-E-17082023-248171 (1) (2) (3) (4) (5) (6) अजधकारी 1950 1650 1425 1200 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 17th August , 2023 G.S.R . 608(E).—In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India (Daily Allowance and Hotel Charges to Employees on Tour) Rules, 1989, namely: — 1. Short title and commencement. — (1) These rules may be called the Life Insurance Corporation of India (Daily Allowance and Hotel Charges to Employees on Tour) Amendment Rules, 2023. (2) They shall come into force on the date of their publication in Official Gazette. 2. In the Life Insurance Corporation of India (Daily Allowance and Hotel Charges to Employees on Tour) Rules, 1989, in Schedule, for PART -I the following shall be substituted, namely: - “PART – I Daily Allowance TABLE Serial No. Name of Category Rate of Daily Allowance Metro* City “A” Class City “B” Class City “C” Class City (1) (2) (3) (4) (5) (6) 1. Class I Officers (a) Managing Director 2700 1950 1650 1425 (b) Executive Director / Zonal Manager 2700 1950 1650 1425 (c) Deputy Zonal Manager / Senior Divisional Manager / Divisional Manager 2250 1950 1650 1425 2. Assistant Divisional Manager / Administrative Officer / Assistant Administrative Officer 1950 1650 1425 1200 3. Class II Officers 1050 1050 900 675 4. Class III Employees (a) Higher Grade Assistant 1050 1050 900 675 (b) Other Class III Employees 900 900 780 510 5. Class -IV Employees 750 750 600 375”. *Mumbai, Delhi, Kolkata, Chennai. [F. No. S-14014/04/2022 -Ins.I] MUKESH KUMAR BANSAL , Jt. Secy. Note: The Principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i) vide notification number G.S.R. 934(E), dated the 27th October,1989 and subsequently amended vide notification number G.S.R. 322(E), dated the 10th March, 1992, G.S.R. 422(E), dated the 13th September,1996, G.S.R. 286(E), dated the 27th April,2004, G.S.R. 563(E), dated the 8th September, 2005, G.S.R. 932 (E), dated the 1st December, 2010 and G.S.R. 11 36(E), dated the 14th December, 2016. NOTIFICATION New Delhi, the 17th August , 2023 G.S.R . 609(E).—In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insuran ce Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985, namely: — 1. Short title, commencement and application. — (1) These rules may be called the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Amendment Rules, 2023. (2) They shall come into force on the date of their publication in Official Gazette. (3) These rules shall be applicable to those Class III employees who were in the whole -time salaried service in the permanent establishment of the Corporation. 2. In the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985, in rule 4, in sub -rule (2), after clause (B), the following shall be inserted, namely: - “(C) Officiating Cashier Allowance to Class III employees: — Officiating Cashier Allowance to Class III employee shall be Rs.140/ - per day for paying and receiving cash: Provided that this allowance shall not count for the purpose of calculation of Dearness Allowance, Provident Fund, Gratuity, House Rent Allowance, Pension, Encashment of Privilege Leave and fixation of salary on promotion;” [F. No. S-14014/04/2022 -Ins.I] MUKESH KUMAR BANSAL , Jt. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide notification number G.S.R. 357(E), dated the 11th April, 1985 and were subsequently amended vide G.S.R. 18(E), dated the 7th January, 1986 , G.S.R. 1076(E), dated the 11th September, 1986, G.S.R. 961(E), dated the 7th December, 1987, G.S.R. 870(E) and 873(E), both dated the 22nd August, 1988, G.S.R. 515(E), dated the 12th May, 1989, G.S.R. 509(E), dated the 24th May, 1990, G.S.R. 620(E), dat ed the 6th July, 1990, G.S.R. 628(E), dated the 10th July, 1990, G.S.R. 338(E), dated the 11th July, 1991, G.S.R. 697(E), dated the 25th November, 1991, G.S.R. 46(E) and 47(E), both dated the 4th February, 1993, G.S.R. 746(E) dated the 13th December, 1993 , G.S.R. 55(E), dated the 2nd February, 1994, G.S.R. 595(E) dated the 30th June, 1995, G.S.R. 669(E), dated the 27th September, 1995, G.S.R. 96(E), dated the 16th February, 1996, G.S.R. 102(E), dated the 22nd February, 1996, G.S.R. 261(E), dated the 22nd May, 1998, G.S.R. 532(E), dated the 27th August, 1998, G.S.R. 445(E), dated the 18th June, 1999, G.S.R. 611(E), dated the 30th August, 1999, G.S.R. 552(E), dated the 22nd June, 2000, G.S.R. 289(E), dated the 27th April, 2004, G.S.R. 561(E), dated the 5th September, 2005, G.S.R. 306(E), dated the 25th April, 2007, G.S.R. 72(E), dated the 6th February, 2008, G.S.R. 826(E), dated the 8th October, 2010, G.S.R. 30(E), dated the 14th January, 2016, G.S.R. 195(E), dated the 26th February 2016, G.S.R. 1087(E), d ated the 24th November, 2016, G.S.R. 404(E), dated the 31st May, 2019 and G.S.R. 270(E), dated the 15th April, 2021. NOTIFICATION New Delhi, the 17th August , 2023 G.S.R . 610(E).— In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India, Class I Officers (Revision of T erms and Conditions of Service) Rules, 1985, namely: — 1. Short title, commencement and application. — (1) These rules may be called the Life Insurance Corporation of India, Class I Officers (Revision of Terms and Conditions of Service) Amendment Rules, 2023. (2) They shall come into force on the date of their publication in Official Gazette. (3) These rules shall be applicable to those Class I Officers who were in the whole -time salaried service in the permanent establishment of the Corporation. 2. In the Life In surance Corporation of India, Class I Officers (Revision of Terms and Conditions of Service) Rules, 1985, after rule 7G, the following shall be inserted, namely: - “7H. — Cash Handling Allowance to Class I Officer in Satellite Offices shall be Rs.170/ - per day for paying and receiving cash: Provided that this allowance shall not count for the purpose of calculation of Dearness Allowance, Provident Fund, Gratuity, House Rent Allowance, Pension, Encashment of Privilege Leave and fixation of salary on promo tion.” [F. No. S-14014/04/2022 -Ins.I] MUKESH KUMAR BANSAL , Jt. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide notification number G.S.R. 794(E), dated the 11th October, 1985 and were subsequently amended vide G.S.R. 960(E), dated the 7th December, 1987, G.S.R. 493(E), dated the 22nd April, 1988, G.S.R. 872(E), dated the 22nd August, 1988, G.S.R. 711(E), dated the 25th July, 1989, G.S.R. 816(E), dated the 11th October, 1990, G.S.R. 324(E), dated the 10th March, 1992, G.S.R. 53(E), date d the 2nd February, 1994, G.S.R. 597(E), dated the 30th June, 1995, G.S.R. 94(E), dated the 16th February, 1996, G.S.R. 286(E), dated the 18th July, 1996, G.S.R. 530(E), dated the 27th August, 1998, G.S.R. 612(E), dated the 30th August, 1999, G.S.R. 550(E) , dated the 22nd June, 2000, G.S.R. 287(E), dated the 27th April,2004, G.S.R. 559(E), dated the 5th September, 2005, G.S.R. 305(E), dated the 25th April,2007, G.S.R. 631(E), dated the 2nd September, 2009, G.S.R. 824(E), dated the 8th October, 2010, G.S.R. 16(E), dated the 8th January, 2013, G.S.R. 28(E), dated the 14th January, 2016, G.S.R. 194(E), dated the 26th February, 2016, G.S.R. 402(E), dated the 31st May, 2019, and G.S.R. 268(E), the dated 15th April, 2021. NOTIFICATION New Delhi, the 17th August , 2023 G.S.R . 611(E).— In exercise of the powers conferred by clause (cc) of sub -section (2) of section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India (Staff) Rules, 1960, namely:― 1. Short title and commencement. ― (1) These rules may be called the Life Insurance Corporation of India (Staff) Amendment Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Life Insurance Corporation of India (Staff) Rules, 1960, — (a) in rule 19, in sub-rule 2(A), in clause (b), in sub -clause (i), in the first proviso, after the word “deputation” the words “to overseas offices” shall be inserted; (b) in rule 61, in clause (j), the following proviso shall be inserted, namely : - “Provided that Saturdays, Sundays, restricted holidays and holidays, whether intervening, prefixed or suffixed, shall not be counted as casual leave.”; (c) for rule 62, the following shall be substituted, namely: - “62. Casual Leave and Restricted Holidays. — (1) An employee may be granted casual leave upto a maximum of twelve days during a calendar year. (2) Subject to the provisions contained in first proviso to rule 64, any casual leave not availed of by an employee shall lapse at the end of the calendar year. (3) Casual leave can be availed for not more than six days at a time. (4) In addition to holidays under the Negotiable Instruments Act, 1881 (26 of 1881), an employee may be allowed to avail of not more than two restricted holidays in a calendar year, as per his choice, out o f the list of restricted Holidays declared by the Central Government from year to year, subject to such choice of the employee being submitted to the Corporation or Company before commencement of the calendar year concerned.”; (d) in rule 64, for the provisos the following provisos shall be substituted, namely : — “Provided that the casual leave admissible to an employee under sub - rule (1) of rule 62 and not availed of by him shall be converted into additional sick leave on full pay upto a maximum of two mont hs or on half pay upto a maximum of four months during the entire period of his service to be availed of by him on medical certificate: Provided further that if an employee is suffering from any of the major diseases of cancer, leprosy. T.B., paralysis, m ental diseases, brain tumor, cardiac ailments or kidney diseases, he may be allowed special sick leave on half pay for a period not exceeding six months if he has to his credit no sick leave admissible to him.”. [F. No. S-14014/04/2022 -Ins.I] MUKESH KUMAR BANSAL , Jt. Secy. Note: The Principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i) vide notification dated the 23rd July,1960, and was last amended vide number G.S.R No. 58(E) dated the 31st January, 2022. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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