Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-30042024-253978
EXTRAORDINARY
PART II-Section 3-Sub-section (i)
PUBLISHED BY AUTHORITY
No. 242]
NEW DELHI, TUESDAY, APRIL 30, 2024/VAISAKHA 10, 1946
2819 GI/2024
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 30th April, 2024
G.S.R. 256(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 Class I Officers (Revision of Terms and Conditions of Service)
Rules, 1985, namely:-
1. (1) These rules may be called the Life Insurance Corporation of India Class-I Officers (Revision of Terms and
Conditions of Service) Amendment Rules, 2024.
(2) They shall be deemed to have come into force on the 1st day of August, 2022.
(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 on or after the 1st August, 2022:
Provided that where any Class-I Officer gives a notice in writing to the Corporation, within a period as
specified by the Corporation, expressing his option to be governed by the provisions of these rules with effect from a
date which is not earlier than 1 August, 2022 and not later than the date of publication of this notification in the
Official Gazette, then the Corporation may, by order, permit such Officer to be governed by these rules with effect
from the said date and no arrears for the period prior to the date so opted shall be payable to such officer:
Provided further that an officer, whose resignation had been accepted or whose services had been terminated
under rule 39 of the Life Insurance Corporation of India (Staff) Rules, 1960 during the period from the 1st August,
2022 to the date of publication of this notification in the Official Gazette, shall not be eligible for the arrears on
account of revision under these rules.
2. In the Life Insurance Corporation of India, Class I Officers (Revision of Terms and Conditions of Service) Rules,
1985 (hereinafter referred to as the said rules), for rule 4, the following rule shall be substituted, namely:-
"4. Scales of pay and seniority of Class-I Officers.— (1) The scale of pay of the Class-I Officers shall be as
specified in the table below:-
+-------+-------+---------------------------------------+------------------------------------------------+
| S. No. | Entry | Class-I Officer posts | Scale of pay |
+=======+=======+=======================================+================================================+
| (1) | (2) | (3) | (4) |
+-------+-------+---------------------------------------+------------------------------------------------+
| 1. | (i) | Zonal Managers | (a) Ordinary Scale: Rs. 2,41,965-7,320(8)-3,00,525 |
| | (ii) | Chief Engineers / Chief Architects | (b) Selection Scale: Rs. 2,71,245-7,320(2)- |
| | | | 2,85,885-7,850(1)-2,93,735-8,590(1)-3,02,325- |
| | | | 8,905(4)-3,37,945 |
+-------+-------+---------------------------------------+------------------------------------------------+
| 2. | (i) | Deputy Zonal Managers / Senior | Rs. 2,16,115-6,265(3)-2,34,910-7,055(6)-2,77,240 |
| | | Divisional Managers | |
| | (ii) | Deputy Chief Engineers / Deputy Chief | |
| | | Architects | |
+-------+-------+---------------------------------------+------------------------------------------------+
| 3. | (i) | Divisional Managers | Rs. 1,78,525-6,265(9)-2,34,910 |
| | (ii) | Superintending Engineers / Senior | |
| | | Surveyors of Works / Senior Architects| |
+-------+-------+---------------------------------------+------------------------------------------------+
| 4. | (i) | Assistant Divisional Managers / Senior| Rs. 1,45,640-4,385(1)-1,50,025-4,750(6)- |
| | | Branch Managers | 1,78,525-6,265(4)-2,03,585 |
| | (ii) | Executive Engineers / Surveyors of | |
| | | Works / Deputy Senior Architects | |
+-------+-------+---------------------------------------+------------------------------------------------+
| 5. | (i) | Administrative Officers / Branch | Rs. 1,19,330-4,385(7)-1,50,025-4,750(6)- |
| | | Managers | 1,78,525 |
| | (ii) | Assistant Executive Engineers / | |
| | | Assistant Surveyors of Works / | |
| | | Architects | |
+-------+-------+---------------------------------------+------------------------------------------------+
| 6. | (i) | Assistant Administrative Officers / | Rs. 88,635-4,385(14)-1,50,025-4,750(4)- |
| | | Assistant Branch Managers | 1,69,025. |
| | (ii) | Assistant Engineers / Assistant | |
| | | Architects | |
+-------+-------+---------------------------------------+------------------------------------------------+
(2) A separate seniority list shall be maintained in respect of officers appointed to posts specified in entries (i) and (ii)
under various serial numbers in the table in sub-rule (1).".
3. In rule 5 of the said rules, —
(a) for sub-rule (1), the following sub-rule shall be substituted, namely:-
'(1) The scale of dearness allowance applicable to Class-I Officers shall be determined as
under:-
(a) Index: All India Average Consumer Price Index Number for Industrial Workers.
(b) Base: Index No.8456 in the series 1960=100.
(c) Rate: For every four points in the quarterly average of the All India Consumer Price
Index above 8456 points, a Class-I Officer shall be paid dearness allowance at the
rate of 0.06 per cent. of pay plus Special Allowance under Rule 7G.
Explanation. For the purposes of this clause, “pay" means the basic pay including
additions to the basic pay after reaching maximum of the scale as provided under rule 4A.';
(b) in sub-rule (2), for the figures and words “6352 points in the sequence of 6352-6356-6360-6364", the
figures and words "8456 points in the sequence of 8456-8460-8464-8468" shall be substituted.
4. In rule 6 of the said rules, for sub-rule (1), the following sub-rule shall be substituted, namely:-
'(1) The House Rent Allowance applicable to Class-I Officers, except those who have been allotted residential
accommodation by the Corporation, shall be as specified in the table below:-
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| S. No. | Place of posting | Rate of House Rent Allowance |
+=======+===================================================================================================+===================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 1. | Cities of Mumbai, Kolkata, Chennai, New Delhi, Noida, Faridabad, Ghaziabad, Gurugram, Navi | 10 per cent. of pay, subject to a |
| | Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakh and above | maximum of Rs.13,000/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 2. | Cities with population exceeding 12 lakh but less than 45 lakh, except those mentioned at S. No.1, | 8 per cent. of pay, subject to a |
| | and any city in the State of Goa | maximum of Rs.11,000/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 3. | Other places | 7 per cent. of pay, subject to a |
| | | maximum of Rs.10,500/- per month. |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
Note:- For the purposes of this sub-rule,-
(i) the population figures shall be as per the latest Census report;
(ii) cities shall include their urban agglomerations; and
(iii) "pay" means basic pay, additions to basic pay under rule 4A and Fixed Personal Allowance
under rule 9A.'.
5. For rule 7 of the said rules, the following rule shall be substituted, namely:—
'7. City Compensatory Allowance. -The City Compensatory Allowance payable to Class-I Officers shall be as
specified in the table below:-
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| S.No. | Place of posting | Rate of City Compensatory |
| | | Allowance |
+=======+===================================================================================================+===================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 1. | Cities of Mumbai, Kolkata, Chennai, New Delhi, Noida, Faridabad, Ghaziabad, Gurugram, Navi | 3 per cent. of pay, subject to a |
| | Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakh and above | maximum of Rs.3,300/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 2. | Cities with population exceeding 12 lakh but less than 45 lakh, except those mentioned at S. No.1, | 2.5 per cent. of pay, subject to a |
| | and any city in the State of Goa | maximum of Rs. 3,100/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 3. | Cities with population of five lakh and above but not exceeding 12 lakh, State capitals with | 2 per cent. of pay, subject to a |
| | population not exceeding 12 lakh, Chandigarh, Mohali, Puducherry, Port Blair, and Panchkula | maximum of Rs. 2,400/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
Note:- For the purposes of this sub-rule,-
(i) the population figures shall be as per the latest Census report;
(ii) cities shall include their urban agglomerations; and
(iii) "pay" means basic pay plus additions to basic pay under rule 4A.'.
6. For rule 7A of the said rules, the following rule shall be substituted, namely:—
'7A. Hill Allowance.—The scales of Hill Allowance payable to Class-I Officers shall be as specified in the table
below:-
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| S. No. | Places | Rates |
+=======+===================================================================================================+===================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 1. | Posted at a place situated at a height of 1,500 metres or more above the mean sea level | At the rate of 2.5 per cent. of |
| | | basic pay subject to maximum of |
| | | Rs.2,055/-per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 2. | Posted at a place situated at a height of 1,000 metres or more but less than 1,500 metres above | At the rate of 2 per cent. of |
| | the mean sea level, or at Mercara, or at a place which is specifically declared as a "hill | basic pay subject to maximum of |
| | station" by the Central Government or the State Government concerned for their employees | Rs.1,650/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 3. | Posted at a place situated at a height of not less than 750 metres or more above the mean sea | At the rate of 2 per cent. of |
| | level and which is surrounded by and accessible only through hills having a height of 1,000 metres | basic pay subject to maximum of |
| | or more above the mean sea level | Rs.1,650/- per month.'. |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
7. In rule 7B of the said rules, for the letters and figures "Rs. 710/-", the letters and figures "Rs.1,175" shall be
substituted.
8. In rule 7C of the said rules, for the letters and figures "Rs. 1,595/-", the letters and figures "Rs. 2,630" shall be
substituted.
9. In rule 7(G), for the table, following table shall be substituted, namely:-
+-------+------------------------------------------+-----------------------+
| "S.No. | Category | Allowance per month |
| | | (Rs.) |
+=======+==========================================+=======================+
| (1) | (2) | (3) |
+-------+------------------------------------------+-----------------------+
| 1. | Zonal Manager (Selection) | 26,700/- |
+-------+------------------------------------------+-----------------------+
| 2. | Zonal Manager (Ordinary) | 23,800/- |
+-------+------------------------------------------+-----------------------+
| 3. | Senior Divisional Manager / Deputy Zonal | 20,800/- |
| | Manager | |
+-------+------------------------------------------+-----------------------+
| 4. | Divisional Manager | 17,800/- |
+-------+------------------------------------------+-----------------------+
| 5. | Assistant Divisional Manager | 14,900/- |
+-------+------------------------------------------+-----------------------+
| 6. | Administrative Officer | 11,900/- |
+-------+------------------------------------------+-----------------------+
| 7. | Assistant Administrative Officer | 8,900/-.". |
+-------+------------------------------------------+-----------------------+
10. In rule 9B of the said rules, for the letters and figures "Rs. 1,960/-", the letters and figures "Rs.3,300/-" shall be
substituted.
11. In rule 9D of the said rules, for the letters and figures "Rs 265/-", the letters and figures "Rs.440/-" shall be
substituted.
[No. M-16014/06/2022-Ins.I]
PARSHANT KUMAR GOYAL, Jt. Secy.
EXPLANATORY MEMORANDUM
It is certified that no employee of the Life Insurance Corporation of India is likely to be affected adversely by this
notification being given retrospective effect.
Note: The Life Insurance Corporation of India Class I Officers (Revision of Terms and Conditions of Service)
Rules, 1985 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 the
following notifications:
(1) G.S.R. 960(E), dated the 7th December, 1987
(2) G.S.R. 493(E), dated the 22nd April, 1988
(3) G.S.R. 872(E), dated the 22nd August, 1988
(4) G.S.R. 711(E), dated the 25th July, 1989
(5) G.S.R. 816(E), dated the 11th October, 1990
(6) G.S.R. 324(E), dated the 10th March, 1992
(7) G.S.R. 53(E), dated the 2nd February, 1994
(8) G.S.R. 597(E), dated the 30th June, 1995
(9) G.S.R. 94(E), dated the 16th February, 1996
(10) G.S.R. 286(E), dated the 18th July, 1996
(11) G.S.R. 530(E), dated the 27th August, 1998
(12) G.S.R. 612(E), dated the 30th August, 1999
(13) G.S.R. 550 (E), dated the 22nd June, 2000
(14) G.S.R. 287(E), dated the 27th April,2004
(15) G.S.R. 559(E), dated the 5th September, 2005
(16) G.S.R. 305(E), dated the 25th April,2007
(17) G.S.R. 631(E), dated the 2nd September, 2009
(18) G.S.R. 824(E), dated the 8th October,2010
(19) G.S.R. 16(E), dated the 8th January,2013
(20) G.S.R. 28(E), dated 14th January, 2016
(21) G.S.R. 194(E), dated 26th February, 2016
(22) G.S.R. 402(E), dated 31st May, 2019
(23) G.S.R. 268(E), dated 15th April, 2021
(24) G.S.R. 610(E), dated 17th August, 2023.
NOTIFICATION
New Delhi, the 30th April, 2024
G.S.R. 257(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 Development Officers (Revision of Terms and Conditions of
Service) Rules, 1986, namely:-
1. (1) These rules may be called the Life Insurance Corporation of India Development Officers (Revision of Terms
and Conditions of Service) Amendment Rules, 2024.
(2) They shall be deemed to have come into force on the 1st day of August, 2022.
(3) These rules shall be applicable to those Development Officers, who were in the whole-time salaried service
in the permanent establishment of the Corporation on or after the 1st August, 2022:
Provided that where any Development Officer gives a notice in writing to the Corporation, within a period as
specified by the Corporation, expressing his option to be governed by the provisions of these rules with effect from a
date which is not earlier than 1st August, 2022 and not later than the date of publication of this notification in the
Official Gazette, then the Corporation may, by order, permit such Officer to be governed by these rules with effect
from the said date and no arrears for the period prior to the date so opted shall be payable to such Development
Officer:
Provided further that a Development Officer, whose resignation had been accepted or whose services had
been terminated under the Life Insurance Corporation of India Development Officers (Revision of Certain Terms and
Conditions of Service) Rules, 2009 or under rule 39 of the Life Insurance Corporation of India (Staff) Rules, 1960,
during the period from the 1st August, 2022 to the date of publication of this notification in the Official Gazette, shall
not be eligible for the arrears on account of revision under these rules.
(4) Nothing contained in these rules shall entitle an employee to claim overtime wages higher than what he had
been entitled to prior to the date of publication of this notification in the Official Gazette.
2. In the Life Insurance Corporation of India Development Officers (Revision of Terms and Conditions of Service)
Rules, 1986 (hereinafter referred to as the said rules),
(a) in rule 2, for sub-rule (e), the following sub-rule shall be substituted, namely:-
(e) "Special Rules" means the Life Insurance Corporation of India Development Officers (Revision of Certain Terms
and Conditions of Service) Rules, 2009 as amended from time to time'.
(b). in rule 4, for sub-rule (1), the following sub-rule shall be substituted, namely:-
"(1) The scales of pay of the Development Officer shall be Rs. 58,885-3,645(2)-66,175-4,300(2)-74,775-4,385(17)-
1,49,320".
3. In rule 5 of the said rules,-
(i) for sub-rule (1), the following sub-rule shall be substituted, namely:—
'(1) The scale of dearness allowance applicable to Development Officers shall be determined as
under:-
(a) Index: All India Average Consumer Price Index Number for Industrial Workers.
(b) Base: Index No.8456 in the series 1960=100.
(c) Rate: For every four points in the quarterly average of the All India Consumer Price
Index above 8456 points, a Class-I Officer shall be paid dearness allowance at the
rate of 0.06 per cent. of pay plus Special Allowance under rule 7C.
Explanation. For the purposes of this clause, “pay" means the basic pay including
additions to the basic pay after reaching maximum of the scale as provided under sub-rule
(3) of rule 4.';
(ii) in sub-rule (2), for the figures and words "6352 points in the sequence of 6352-6356-6360-6364",
the figures and words "8456 points in the sequence of 8456-8460-8464-8468" shall be substituted.
4. In rule 6 of the said rules, for sub-rule (1), the following sub-rule shall be substituted, namely:-
'(1) The House Rent Allowance of Development Officers, except those who are allotted residential
accommodation by the Corporation, shall be as specified in the table below:-
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| S. No. | Place of posting | Rate of House Rent Allowance |
+=======+===================================================================================================+===================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 1. | Cities of Mumbai, Kolkata, Chennai, New Delhi, Noida, Faridabad, Ghaziabad, Gurugram, Navi | 10 per cent. of pay, subject to a |
| | Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakh and above | maximum of Rs.13,000/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 2. | Cities with population exceeding 12 lakh but less than 45 lakh, except those mentioned at S.No. 1, | 8 per cent. of pay, subject to a |
| | and any city in the State of Goa | maximum of Rs.11,000/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 3. | Other places | 7 per cent. of pay, subject to a |
| | | maximum of Rs.10,500/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
Note: For the purposes of this sub-rule,-
(i) the population figures shall be as per the latest Census report;
(ii) cities shall include their urban agglomerations; and
(iii) "pay" means basic pay, additions to basic pay and Fixed Personal Allowance.'.
5. For rule 7 of the said rules, the following rule shall be substituted, namely:-
'7. City Compensatory Allowance. The City Compensatory Allowance payable to Development Officers
shall be as specified in the table below:-
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| S. No. | Place of posting | Rate of City Compensatory |
| | | Allowance |
+=======+===================================================================================================+===================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 1. | Cities of Mumbai, Kolkata, Chennai, New Delhi, Noida, Faridabad, Ghaziabad, Gurugram, Navi | 3 per cent. of pay, subject to a |
| | Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakh and above | maximum of Rs.2,800/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 2. | Cities with population exceeding 12 lakh but less than 45 lakh, except those mentioned at S. No. 1, | 2.5 per cent. of pay, subject to a |
| | and any city in the State of Goa | maximum of Rs. 2,600 /- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 3. | Cities with population of five lakh and above but not exceeding 12 lakh, State capitals with | 2 per cent. of pay, subject to a |
| | population not exceeding 12 lakh, Chandigarh, Mohali, Puducherry, Port Blair and Panchkula | maximum of Rs. 2,300 /- per month.|
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
Note:- For the purposes of this sub-rule,-
(i) the population figures shall be as per the latest Census report;
(ii) cities shall include their urban agglomerations; and
(iii) "pay" means basic pay plus additions to basic pay.'.
6. For rule 7A of the said rules, the following rule shall be substituted, namely:-
'7A. Hill Allowance.—The scales of Hill Allowance payable to Development Officers shall be as specified in
the table below:-
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| S.No. | Places | Rates |
+=======+===================================================================================================+===================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 1. | Posted at a place situated at a height of 1,500 metres or more above the mean sea level | At the rate of 2.5 per cent. of |
| | | basic pay subject to maximum of |
| | | Rs.1,650/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 2. | Posted at a place situated at a height of 1,000 metres or more but less than 1,500 metres above | At the rate of 2 per cent. of |
| | the mean sea level, or at Mercara, or at a place which is specifically declared as a "hill | basic pay subject to maximum of |
| | station" by the Central Government or the State Government concerned for their employees | Rs. 1,305/- per month |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
| 3. | Posted at a place situated at a height of not less than 750 metres or more above the mean sea | At the rate of 2 per cent. of |
| | level and which is surrounded by and accessible only through hills having a height of 1,000 metres | basic pay subject to maximum of |
| | or more above the mean sea level | Rs. 1,305/- per month.'. |
+-------+---------------------------------------------------------------------------------------------------+-----------------------------------+
7. In rule 7C of the said rules, in sub-rule (1), for the letters and figures "Rs.3,200/-", the letters and figures
"Rs.6,400/-" shall be substituted.
8. For rule 10 of the said rules, the following rule shall be substituted, namely:-
"10. Equitable Relief. — (1) Notwithstanding anything contained in rule 4 of the Life Insurance Corporation
of India Development Officers (Revision of Certain Terms and Conditions of Service) Rules, 2009, the
Corporation may, in respect of Development Officers, by instructions, provide for grant of arrears of salary
for the period prior to the 1st April, 2024 by way of equitable relief in the manner provided in sub-rule (2).
(2) The equitable relief paid for the period from 1st August, 2022 to 31st March, 2023 and 1st April, 2023 to
31st March, 2024 for the purpose of arriving at the annual remuneration for the purpose of appraisal year
under the special rules shall be shown below:-
(i) 25 per cent. of the equitable relief paid for the period 1st August, 2022 to 31st March, 2023 shall
form part of the annual remuneration for the appraisal year commencing immediately after the date
of publication of these rules and 75 per cent. of the equitable relief paid shall not be taken into
account for the purpose of arriving at the annual remuneration; and
(ii) 25 per cent. of the equitable relief paid for the period 1st April, 2023 to 31st March, 2024 shall
form part of the annual remuneration for the appraisal year of twelve months period following the
first mentioned period of twelve months and 75 per cent. of the equitable relief paid shall not be
taken into account for the purpose of arriving at the annual remuneration.
Explanation.-
(1) For the removal of doubts, it is clarified that the salary relating to the financial year
commencing on the 1st April, 2024 shall form part of the annual remuneration in the
relevant appraisal years in that financial year.
(2) The Corporation may provide by instructions issued in this behalf under sub-rule (2) of rule
51 of Life Insurance Corporation of India (Staff) Rules, 1960 for fixation of basic pay in
the scales of pay, as revised by these rules, of persons who may have worked as
Development Officers on or after the 1st August, 2022 but before the date of publication of
this notification in the Official Gazette, classify them according to the nature of cessation
of their service as Development Officers and specify whether the payments by way of
equitable relief may be allowed to any class of Development Officers at all for the period
of their service as such and if so, the amount and the terms and conditions thereof :
Provided that no payment by way of equitable relief shall be allowed in respect of
the class of Development Officers whose services may have been terminated under the
Special Rules.
(3) Subject to the other provisions of this rule, where basic pay is fixed in accordance with this
rule, the other allowances and benefits as revised by these rules shall also be payable on the
basis of such fixation.".
9. In rule 10C of the said rules, for the letters and figures "Rs. 265/-", the letters and figures "Rs. 440/-" shall
be substituted.
[No. M-16014/06/2022-Ins.I]
PARSHANT KUMAR GOYAL, Jt. Secy.
EXPLANATORY MEMORANDUM
It is certified that no employee of the Life Insurance Corporation of India is likely to be affected adversely by this
notification being given retrospective effect.
Note: The Life Insurance Corporation of India Development Officers (Revision of Terms and Conditions of
Service) Rules, 1986 were published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i)
vide notification number G.S.R. 1091(E), dated the 17th September, 1986 and were subsequently amended
vide the following notifications:
(1) G.S.R. 962(E), dated the 7th December, 1987
(2) G.S.R. 871(E), dated the 22nd August,1988
(3) G.S.R. 968(E), dated the 7th November, 1989
(4) G.S.R. 825(E), dated the 9th October, 1990
(5) G.S.R. 55(E), dated the 21st January, 1992
(6) G.S.R. 325(E), dated the 10th March, 1992
(7) G.S.R. 54(E), dated the 2nd February, 1994
(8) G.S.R. 596(E), dated the 30th June, 1995
(9) G.S.R. 95(E), dated the 16th February, 1996
(10) G.S.R. 287(E), dated the 18th July, 1996
(11) G.S.R. 531(E), dated the 27th August, 1998
(12) G.S.R. 551(E), dated the 22nd June, 2000
(13) G.S.R. 288(E), dated the 27th April,2004
(14) G.S.R. 560(E), dated the 5th September, 2005
(15) G.S.R. 825(E), dated the 8th October,2010
(16) G.S.R. 29(E), dated 14th January, 2016
(17) G.S.R. 196(E), dated 26th February, 2016
(18) G.S.R. 403(E), dated 31st May, 2019
(19) G.S.R. 269(E), dated 15th April, 2021
(20) G.S.R. 476(E), dated 7th July, 2021.
NOTIFICATION
New Delhi, the 30th April, 2024
G.S.R. 258(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 III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985,
namely:-
1. (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, 2024.
(2)They shall be deemed to have come into force on the 1st day of August, 2022.
(3)These rules shall be applicable to those Class III and Class IV employees, who were in the whole-time
salaried service in the permanent establishment of the Corporation on or after the 1st August, 2022:
Provided that where any Class III and Class IV employees gives a notice in writing to the Corporation, within
a period as specified by the Corporation, expressing his option to be governed by the provisions of these rules with
effect from a date which is not earlier than 1st August, 2022 and not later than the date of publication of this
notification in the Official Gazette, then the Corporation may, by order, permit such employees to be governed by the
said rules with effect from the said date and no arrears for the period prior to the date so opted shall be payable to such
employees:
Provided further that the Class III and Class IV employees whose resignations had been accepted or whose
services had been terminated under rule 39 of the Life Insurance Corporation of India (Staff) Rules, 1960 during the
period from the 1st August, 2022 to the date of publication of this notification in the Official Gazette, shall not be
eligible for the arrears on account of revision under these rules.
(4) Nothing contained in these rules shall entitle an employee to claim overtime wages higher than what he had
been entitled to prior to the date of publication of this notification in the Official Gazette.
2. In the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of
Service) Rules, 1985 (hereinafter referred to as the said rules), for rule 4, the following rule shall be substituted,
namely:-
"4. Scales of pay and other allowance of Class III employees.–(1) The scale of pay of the Class III Employees shall
be as specified in the table below:-
+-----------------------------------------------------------------------------------------------------+---------------------------------------------------------------------+
| Class III employees posts | Scale of pay |
+=====================================================================================================+=====================================================================+
| (1) | (2) |
+-----------------------------------------------------------------------------------------------------+---------------------------------------------------------------------+
| Higher Grade Assistants | Rs. 58,325-3,925(3)-70,100-4,385(15)-1,35,875 |
+-----------------------------------------------------------------------------------------------------+---------------------------------------------------------------------+
| Stenographers | Rs. 48,745-2,800(4)-59,945-3,245(2)-66,435-3,960(3)-78,315- |
| | 4,110(2)-86,535-4,385(8)-1,21,615 |
+-----------------------------------------------------------------------------------------------------+---------------------------------------------------------------------+
| Assistants, Assistants Appointed as Receiving and Paying Cashiers, Projectionists and Microprocessor | Rs. 38,700-2,275(1)-40,975-2,485(2)-45,945-2,800(5)-59,945- |
| Operators | 3,245(2)-66,435-3,960(3)-78,315-4,110(2)-86,535-4,385(5)- |
| | 1,08,460 |
+-----------------------------------------------------------------------------------------------------+---------------------------------------------------------------------+
| Record Clerks | Rs. 35,850-1,280(4)-40,970-2,020(3)-47,030-2,275(2)-51,580- |
| | 2,300(6)-65,380-2,485(6)-80,290. |
+-----------------------------------------------------------------------------------------------------+---------------------------------------------------------------------+
(2) In addition to the scales of pay specified in sub-rule (1), the following categories of employees shall
receive a special allowance to the extent specified below:-
(A) Higher Grade Assistants appointed as Internal Audit Assistants:
(a) for the first five years - Rs.2,515/- per month
(b) for the next five years - Rs.2,870/- per month
(c) for the subsequent years - Rs.3,100/- per month
(B) Assistants appointed as receiving and paying Cashiers - Rs.5,820/- per month;
(C) Officiating Cashier Allowance to Class III shall be Rs.140/- per day for paying and receiving cash:
Provided that this allowance shall not be reckoned for the purpose of calculation of
Dearness Allowance, Provident Fund, Gratuity, House Rent Allowance, Pension, encashment of
privilege leave and fixation of pay upon promotion.
(3) Functional Allowance shall be paid to the following categories of Class III employees:-
(a) Banda, Duplicating and Xerox Machine Operators in the scale of pay of Record Clerks – Rs.355/- per
month;
(b) Microprocessor Operators in the scale of pay of Assistants – Rs.670/- per month;
(c) Programmers in the scale of pay of Higher Grade Assistants – Rs.2,095/- per month:
Provided that an existing Class III employee, who is in receipt of any Functional Allowance as on the
31st day of July, 2022 shall continue to draw the same so long as he is holding the post to which the Functional
Allowance is attached, to be absorbed in future wage revision.".
3. For rule 6 of the said rules, the following sub-rule shall be substituted, namely:-
"6. Scale of pay of Class IV subordinate employees.- (1) The scales of pay of Class IV subordinate
employees shall be as specified in the table below:-
+-----------------------------+---------------------------------------------------------------------+
| Class IV employees posts | Scale of pay |
+=============================+=====================================================================+
| (1) | (2) |
+-----------------------------+---------------------------------------------------------------------+
| Drivers | Rs. 35,850-1,620(6)-45,570-1,680(1)-47,250-2,020(12)- |
| | 71,490 |
+-----------------------------+---------------------------------------------------------------------+
| Sepoys, Hamals, Head Peons, | Rs. 31,205-1,280(5)-37,605-1,365(8)-48,525-1,620(1)-50,145- |
| Liftmen and Watchmen | 1,680(2)-53,505-2,020(3)-59,565 |
+-----------------------------+---------------------------------------------------------------------+
| Sweepers and Cleaners | Rs. 29,585-1,280(5)-35,985-1,365(8)-46,905-1,620(6)-56,625. |
+-----------------------------+---------------------------------------------------------------------+
(2) In addition to the scales of pay of Class IV subordinate employees specified in sub-rule (1), -
(a) the following categories of employees shall receive special allowance to the extent
specified below, which shall count as a basic pay for all purposes:
Head Peons, Liftmen and Watchmen – Rs.2,670/- per month;
(b) Franking Machine Operators in the scale of Sepoy shall be paid a Functional Allowance of
Rs.285/- per month.".
4. In rule 8 of the said rules,-
(a) for sub-rule (1), the following sub-rule shall be substituted, namely:-
'(1) The scale of Dearness Allowance of Class III and Class IV employees shall be determined as
under:-
(a) Index: All India Average Consumer Price Index Number for Industrial Workers.
(b) Base: Index No.8456 in the series 1960=100.
(c) Rate: For every four points in the quarterly average of the All India Consumer Price
Index above 8456 points, a Class III or a Class IV employee shall be paid dearness allowance at the
rate of 0.06 per cent. of pay plus Special Allowance under rule 13B.
Explanation.- For the purposes of this clause "pay" means -
(i) the basic pay;
(ii) additions to basic pay referred to in rule 7;
(iii) special allowance referred to in clause (a) of sub-rule (2) of rule 6;
(iv) Graduation Allowance payable to the employees in the scale of pay of Assistants
and Stenographers as provided in rule 19A; and
(v) special allowance referred to in rule 2 or rule 4 of the Life Insurance Corporation
of India Class-III Employees (Special Allowance for Passing Examination) Rules,
1988.';
(b) in sub-rule (2), for the figures and words "6352 points in the sequence of 6352-6356-6360-6364",
the figures and words "8456 points in the sequence of 8456-8460-8464-8468" shall be substituted ;
5. In rule 9 of the said rules, for sub-rule (1), the following sub-rule shall be substituted, namely:-
'(1) The House Rent Allowance of Class III and Class IV employees, except those who have been allotted
residential accommodation by the Corporation, shall be as specified in the table below:-
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| S. No. | Place of posting | Rate of House Rent Allowance |
+=======+===================================================================================================+=====================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 1. | Cities of Mumbai, Kolkata, Chennai, New Delhi, Noida, Faridabad, Ghaziabad, Gurugram, Navi | 10 per cent. of pay, subject to the |
| | Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakh and above | minimum of Rs.2,900/- per month and |
| | | the maximum of Rs.13,000/- per month.|
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 2. | Cities with population exceeding 12 lakh but less than 45 lakh, except those mentioned at S. No. 1, | 8 per cent. of pay, subject to the |
| | and any city in the State of Goa | minimum of Rs. 2,500/- per month and|
| | | the maximum of Rs. 11,000/- per month.|
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 3. | Other places | 7 per cent. of pay, subject to the |
| | | minimum of Rs. 2,400/- per month and|
| | | the maximum of Rs. 10,500/- per month.|
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
Note: For the purposes of this sub-rule,-
(i) the population figures shall be as per the latest Census report;
(ii) cities shall include their urban agglomerations; and
(iii) "pay" means-
(a) basic pay including additions to basic pay referred to in rule 7;
(b) special allowance referred to in clause (a) of sub-rule (2) of rule 6;
(c) Graduation Allowance payable in the scale of pay of Assistant
and Stenographers as provided in rule 19A;
(d) Special Allowance referred to in rule 2 or rule 4 of the Life Insurance Corporation of India
Class-III Employees (Special Allowance for Passing Examination) Rules, 1988;
(e) Fixed Personal Allowance provided under rule 19D.'.
6. For rule 10 of the said rules, the following rule shall be substituted, namely:-
'10. City Compensatory Allowance.—The City Compensatory Allowance payable to Class III and Class IV
employees shall be as specified in the table below:-
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| S.No. | Place of posting | Rate of City Compensatory Allowance |
+=======+===================================================================================================+=====================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 1. | Cities of Mumbai, Kolkata, Chennai, New Delhi, Noida, Faridabad, Ghaziabad, Gurugram, Navi | 3 per cent. of pay, subject to the |
| | Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakh and above | minimum of Rs. 900/- per month and |
| | | the maximum of Rs. 2,600/- per month.|
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 2. | Cities with population exceeding 12 lakh but less than 45 lakh, and except those mentioned at S. No. 1, | 2.5 per cent. of pay, subject to the|
| | and any city in the State of Goa | minimum of Rs. 700/- per month and |
| | | the maximum of Rs. 2,500/- per month.|
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 3. | Cities with population of five lakh and above but not exceeding 12 lakh, State capitals with | 2 per cent. of pay, subject to the |
| | population not exceeding 12 lakh, Chandigarh, Mohali, Puducherry, Port Blair and Panchkula | minimum of Rs. 600/- per month and |
| | | the maximum of Rs. 2,100/- per month.|
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
Notes:- For the purposes of this sub-rule,-
(i) the population figures shall be as per the latest Census report;
(ii) cities shall include their urban agglomerations; and
(iii) "pay" means basic pay, additions to basic pay under rule 7 and special allowance payable to
Class IV employees under clause (a) of sub-rule (2) of rule 6.'.
7. For rule 11 of the said rules, the following rule shall be substituted, namely :-
'11. Hill Allowance. The scales of Hill Allowance payable to Class III and Class IV employees shall be as
specified in the table below:-
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| S. No. | Places | Rates |
+=======+===================================================================================================+=====================================+
| (1) | (2) | (3) |
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 1. | Posted at a place situated at a height of 1,500 metres or more above the mean sea level | At the rate of 2.5 per cent. of |
| | | basic pay subject to maximum of |
| | | Rs.1,650 per month |
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 2. | Posted at a place situated at a height of 1,000 metres or more but less than 1,500 metres above | At the rate of 2 per cent. of |
| | the mean sea level, or at Mercara, or at a place which is specifically declared as a "hill | basic pay subject to maximum of |
| | station" by the Central Government or the State Government concerned for their employees | Rs.1,305 per month |
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
| 3. | Posted at a place situated at a height of not less than 750 metres or more above the mean sea | At the rate of 2 per cent. of |
| | level and which is surrounded by and accessible only through hills having a height of 1,000 metres | basic pay subject to maximum of |
| | or more above the mean sea level | Rs.1,305 per month.'. |
+-------+---------------------------------------------------------------------------------------------------+-------------------------------------+
8. In rule 13B of the said rules, in sub-rule (1) for the table, following table shall be substituted, namely:-
+-------+-----------------------+-----------------------+
| "S.No. | Category | Allowance per month |
| | | (Rs.) |
+=======+=======================+=======================+
| (1) | (2) | (3) |
+-------+-----------------------+-----------------------+
| 1. | Higher Grade Assistant| 6,000/- |
+-------+-----------------------+-----------------------+
| 2. | Stenographer | 5,000/- |
+-------+-----------------------+-----------------------+
| 3. | Assistant | 4,000/- |
+-------+-----------------------+-----------------------+
| 4. | Record Clerk | 3,600/- |
+-------+-----------------------+-----------------------+
| 5. | Driver | 3,600/- |
+-------+-----------------------+-----------------------+
| 6. | Peon | 3,200/- |
+-------+-----------------------+-----------------------+
| 7. | Sweeper | 3,000/-.". |
+-------+-----------------------+-----------------------+
9. In rule 19A of the said rules,- (1) in sub-rule (a) relating to Graduation Increments", after the long line, the
following proviso shall be inserted, namely:-
"Provided that those who are appointed as Assistant after the date of publication of this notification
in the Official Gazette, where required minimum qualification is Graduate, shall not be eligible for
Graduation Increments."
(2) In sub-rule (b) relating to "Graduation Allowance", -
(A) in clause (i), for the letters and figures "Rs.755/-", the letters and
figures "Rs.1,245/-" shall be substituted;
(B) in clause (ii), -(I) in item (a), for the letters and figures “Rs.1,625/-",
the letters and figures "Rs.2,680/-" shall be substituted;
(II) in item (b), for the letters and figures "Rs.830/-",
the letters and figures "Rs. 1,370/-" shall be substituted;
(III) in item (c), for the letters and figures "Rs.1,625/-" the
letters and figures "Rs.2,680/-" shall be substituted;
10. In rule 19E of the said rules, for the letters and figures "Rs.680/-", the letters and figures "Rs.1,200/-" shall
be substituted.
11. In rule 19F of the said rules, for the letters and figures "Rs.265/-", the letters and figures "Rs.440/-" shall be
substituted.
[No. M-16014/06/2022-Ins.I]
PARSHANT KUMAR GOYAL, Jt. Secy.
EXPLANATORY MEMORANDUM
It is certified that no employee of the Life Insurance Corporation of India is likely to be affected adversely by this
notification being given retrospective effect.
Note: The Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and
Conditions of Service) Rules, 1985 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 the following notifications:
(1) G.S.R. 18(E), dated the 7th January, 1986
(2) G.S.R. 1076(E), dated the 11th September, 1986
(3) G.S.R. 961(E), dated the 7th December, 1987
(4) G.S.R. 870(E), dated the 22nd August, 1988
(5) G.S.R. 873(E), dated the 22nd August, 1988
(6) G.S.R. 515(E), dated the 12th May, 1989
(7) G.S.R. 509(E), dated the 24th May, 1990
(8) G.S.R. 620(E), dated the 6th July, 1990
(9) G.S.R. 628(E), dated the 10th July, 1990
(10) G.S.R. 338(E), dated the 11th July, 1991
(11) G.S.R. 697(E), dated the 25th November, 1991
(12) G.S.R. 46(E), dated the 4th February, 1993
(13) G.S.R. 47(E), dated the 4th February, 1993
(14) G.S.R. 746(E), dated the 13th December, 1993
(15) G.S.R. 55(E), dated the 2nd February, 1994
(16) G.S.R. 595(E), dated the 30th June, 1995
(17) G.S.R. 669(E), dated the 27th September, 1995
(18) G.S.R. 96(E), dated the 16th February, 1996
(19) G.S.R. 102(E), dated the 22nd February, 1996
(20) G.S.R. 261(E), dated the 22nd May, 1998
(21) G.S.R. 532(E), dated the 27th August, 1998
(22) G.S.R. 445(E), dated the 18th June, 1999
(23) G.S.R. 611(E), dated the 30th August, 1999
(24) G.S.R. 552(E), dated the 22nd June, 2000
(25) G.S.R. 289(E), dated the 27th April,2004
(26) G.S.R. 561(E), dated the 5th September, 2005
(27) G.S.R. 306 (E), dated the 25th April,2007
(28) G.S.R. 72 (E), dated the 6th February, 2008
(29) G.S.R. 826 (E), dated 8th October, 2010
(30) G.S.R. 30 (E), dated 14th January, 2016
(31) G.S.R. 195 (E), dated 26th February, 2016
(32) G.S.R. 1087 (E), dated 24th November, 2016
(33) G.S.R. 404 (E), dated 31st May, 2019
(34) G.S.R. 270 (E), dated 15th April, 2021
(35) G.S.R. 609 (E), dated 17th August, 2023.
NOTIFICATION
New Delhi, the 30th April, 2024
G.S.R. 261(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 (Special Allowance for In-House Development of Actuarial Capability) Rules, 2002, namely: -
1. (1) These rules may be called the Life Insurance Corporation of India (Special Allowance for In-House
Development of Actuarial Capability) Amendment Rules, 2024.
(2) They shall be deemed to have come into force on the 1st day of August, 2022.
(3) These rules shall be applicable to all confirmed employees who were in the whole-time salaried service
in the permanent establishment of the Corporation on or after the 1st August, 2022:
Provided that the employee, whose resignation had been accepted or whose services had been terminated
under rule 39 of the Life Insurance Corporation of India (Staff) Rules, 1960 during the period from the 1st
August, 2022 to the date of publication of this notification in the Official Gazette, shall not be eligible for
arrears on account of revision under these rules.
2. In the Life Insurance Corporation of India (Special Allowance for In-House Development of Actuarial
Capability) Rules, 2002 (hereinafter referred to as the said rules), in rule 2,
(a) for Table 1, the following Table shall be substituted, namely: -
+-------+----------------------------------+------------------------------+
| "TABLE1 | |
| S. No. | Number of papers passed or cleared | Special allowance per month (Rs.) |
+=======+==================================+==============================+
| (1) | (2) | (3) |
+-------+----------------------------------+------------------------------+
| 1. | Upto 3 | 1,000 per subject |
+-------+----------------------------------+------------------------------+
| 2. | 4 to 6 | 1,400 per subject |
+-------+----------------------------------+------------------------------+
| 3. | 7 to 9 | 2,000 per subject |
+-------+----------------------------------+------------------------------+
| 4. | 10 to 12 | 2,700 per subject |
+-------+----------------------------------+------------------------------+
| 5. | 13 | 4,000"; |
+-------+----------------------------------+------------------------------+
(b) for Table 2, the following Table shall be substituted, namely: -
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| | | 'TABLE 2 | | | | |
| | | (If posted in | | | | |
| | | Core-Group) | | | | |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| SL | Number of Papers Passed or | Special Allowance | Additional Fixed Allowance for Central | | |
| No. | exempted (as per new | (Rate per month in| Office Core Group | | | |
| | curriculum of 2019) | Rs.) | (Rate Per month in Rs.) | | | |
+=======+===================================+===================+===================+===================+===================+===================+
| (1) | (2) | (3) | (4) | (5) | (6) | (7) |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| 1. | 6 | 25,800 | 12,800 | 2,580 | - | 1,290 |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| 2. | 7 | 30,300 | 14,300 | 3,030 | - | 1,515 |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| 3. | 8 | 35,500 | 17,100 | 3,550 | - | 1,775 |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| 4. | 9 | 44,400 | 21,400 | 4,440 | - | 2,220 |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| 5. | 10 | 53,400 | 25,600 | 5,340 | - | 2,670 |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| 6. | 11 | 62,100 | 29,900 | 6,210 | - | 3,105 |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| 7. | 12 | 80,000 | 35,500 | 8,000 | - | 4,000 |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
| 8. | All subjects passed or cleared | 1,33,300 | 42,700 | 13,330 | 88,800 | 6,665. |
+-------+-----------------------------------+-------------------+-------------------+-------------------+-------------------+-------------------+
Explanation.-For the purposes of this rule,-
(i) "Designated Actuary" means, a full time officer of the Corporation, who is a Fellow Member of the
Institute of Actuaries, India or Institute of Actuaries, London and who is nominated as a Designated
Actuary by the Chairman or an officer or committee authorised by the Chairman for selection of the
Designated Actuaries;
(ii) an employee shall be entitled only for one Additional Fixed Allowance specified under column (5)
or (6) or (7) of Table 2, whichever is higher.'.
3. In rule 4 of the said rules, in sub-rule (1), for the letters and figures "Rs. 1,25,000/- p.m.", the letters, figures
and words "Rs. 1,66,600/- per month" shall be substituted.
[No. M-16014/06/2022-Ins.I]
PARSHANT KUMAR GOYAL, Jt. Secy.
Note: The Life Insurance Corporation of India (Special Allowance for In-House Development of Actuarial
Capability) Rules, 2002 were published vide notification number G.S.R.55(E), dated the 22nd January, 2002
and subsequently amended vide notification numbers G.S.R.564(E), dated the 5th September,
2005,G.S.R.753(E), dated the 15th October, 2009, G.S.R.334(E), dated the 12th April, 2014,G.S.R. 562(E),
dated the 8th June, 2017, G.S.R. 272(E), dated the 15th April, 2021 and G.S.R. 474(E), dated the 7th July, 2021.
NOTIFICATION
New Delhi, the 30th April, 2024
G.S.R. 262(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 to
amend the Life Insurance Corporation of India Class I Officers (Special Allowance for Passing Examinations of
Insurance Institute of India) Rules, 2021, namely:-
1. (1) These rules may be called the Life Insurance Corporation of India Class I Officers (Special Allowance
for Passing Examinations of Insurance Institute of India) Amendment Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
(3) These rules shall apply to whole time salaried and confirmed Class I Officers of the Corporation.
2. In the Life Insurance Corporation of India Class I Officers (Special Allowance for Passing Examinations of
Insurance Institute of India) Rules, 2021, for rule 3, the following shall be substituted, namely:-
"3. Special allowance.-Subject to the conditions specified in rule 4, officers who pass the examination of
the Insurance Institute of India set out in column (1) of the table below, shall be paid a special allowance
specified in the corresponding entry in column (2) of the said table:
+-------+-------------------------------------------------------------+-----------------------------+
| S.No. | Name of examination of Insurance Institute of India. | Amount of special allowance |
| | | payable per month |
+=======+=============================================================+=============================+
| (1) | (2) | (3) |
+-------+-------------------------------------------------------------+-----------------------------+
| 1. | Licentiate | Rs.800/- |
+-------+-------------------------------------------------------------+-----------------------------+
| 2. | Associateship | Rs.3,200/- |
+-------+-------------------------------------------------------------+-----------------------------+
| 3. | Fellowship | Rs.6,300/-" |
+-------+-------------------------------------------------------------+-----------------------------+
[No. M-16014/06/2022-Ins.I]
PARSHANT KUMAR GOYAL, Jt. Secy.
Note: The Life Insurance Corporation of India Class I Officers (Special Allowance for Passing Examinations of
Insurance Institute of India) Rules, 2021 were published in the Gazette of India, Extraordinary, Part II,
section 3, sub-section (i) vide notification number G.S.R. 267(E), dated the 15th April, 2021.
NOTIFICATION
New Delhi, the 30th April, 2024
G.S.R. 263(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, Information Technology Specialist Group (Selection, terms and conditions of service and
Payment of Allowance) Rules, 2007, namely: -
1. (1) These rules may be called the Life Insurance Corporation of India, Information Technology Specialist
Group (Selection, terms and conditions of service and Payment of Allowance) Amendment Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Life Insurance Corporation of India, Information Technology Specialist Group (Selection, terms and
conditions of service and Payment of Allowance) Rules, 2007, in rule 9,–
(a) for sub-rule (1), the following sub-rule shall be substituted, namely: –
"(1) In addition to the salary and other benefits applicable to the cadre, the selected personnel, on joining
the Information Technology Specialist Group and till the period such personnel remains there, shall be
paid a fixed allowance as under, which shall not count as basic pay for any purpose:
(i) Developer - Rs. 20,000/- per month
(ii) Business System Analysts - Rs. 30,000/- per month
(iii) Project Leader - Rs. 40,000/- per month.";
(b) for sub-rule (3), the following sub-rule shall be substituted, namely: -
"(3) The Functional Allowance payable under rule 7(C) of Life Insurance Corporation of India Class-I
Officers (Revision of Terms and Conditions of Service) Rules, 1985 and sub-rule (3) of rule 4 of Life
Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of
Service) Rules, 1985, shall not be payable on joining the Information Technology Specialist Group."
[No. M-16014/06/2022-Ins.I]
PARSHANT KUMAR GOYAL, Jt. Secy.
Note: The Life Insurance Corporation of India, Information Technology Specialist Group (Selection, terms and
conditions of Service and Payment Allowance) Rules, 2007 were published in the Gazette of India,
Extraordinary, Part II, section 3, sub-section (i), vide notification number G.S.R. 304(E), dated the 25th April,
2007 and subsequently amended vide notification number G.S.R. No. 475(E), dated the 7th July, 2021.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
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