Freezing of DA and DR and other related issues, protest programmes should be organised: Decision of the National Secretariat Meeting of confederation of C G EMPLOYEES held on 28.06.2020

Confederation of Central Govt. Employees & Workers

Ref: CONFD/NS/2020-21

Dated – 29.06.2020

DECISION OF THE NATIONAL SECRETARIAT MEETING HELD ON 28.06.2020

The National Secretariat Meeting of Confederation of Central Government Employees & Workers was held on 28.06.2020 through Video Conference. Com. Ravindran B. Nair presided. About 21 office bearers attended. Senior leaders Com. K. K. N. Kutty and M. Krishnan were present.

Before Commencement of the meeting, one minutes silence was observed paying homage to the Jawans who were martyred on the India-China border and also to the departed leaders.

Com. R. N. Parashar, Secretary General, presented a brief report on the agenda items and also about the activities taken place during the period after the Nagpur national Conference. Thereafter the agenda items were taken for discussion. Detailed discussion took place on all agenda items. Many other issues faced by the Central Government Employees, especially COVID-19 related issues, were also discussed.

The following decisions are taken.

1. Review of the 26th National Conference held at Nagpur

The Conference was well organised and the arrangements made were excellent. About 36 affiliates and 13 state level COCs attended. 213 delegates and 13 visitors attended (Male – 238, Female-18). The Conference was jointly inaugurated by Com. Tapan Sen (General Secretary, CITU) and Com. Amarjeet Kaur (General Secretary, AITUC). The National Secretariat congratulated the COC, Vidarbha Region, Nagpur under the leadership of Com. Nilesh D. Nasare, for making best arrangements for the successful conducting of the meeting.

2. Setting up of a committee for finalisation of Accounts for the period from 2016 to 2019.

Secretary General reported that the Accounts for the period from 2016 April to 2019 March could not be presented in the national Conference, as the then Financial Secretary, Com. Vrigu Bhattacharjee, had not attended the Conference. Com. Vrigu Bhattacharjee has emailed the Receipt and Expenditute statements for the period from 2016 to 2019 to the then President. Com. K. K. N. Kutty on 7th February 2020. As it was not signed by the Financial Secretary nor it was audited, the Conference decided to appoint a committee of incoming office bearers and outgoing President and Secretary General. The Conference further decided that after finalisation of the accounts, it should be audited by the internal auditor of Confederation and presented before the National Council for adoption. Com. R. N. Parashar, Secretary General, reported that he had written to Com. Vrigu Bhattacharjee, Ex-Financial Secretary to hand over the accounts alongwith all connected documents to him. But no reply was received. He has also contacted Com Vrigu Bhattacharjee over phone and requested to hand over the accounts. But, Com. Vrigu Bhattachajee was reluctant to hand over the accounts to the newly elected Secretary General. The issue was discussed at length in the National Secretariat and following decisions are taken.

(a) Secretary General, Confederation, shall write another letter to Com. Vrigu Bhattacharjee, Ex-Financial Secretary, to handover the accounts from the period from April 2016 to January 2020 along with all connected records, citing the decision of the national Secretariat held on 28.06.2020.

(b) If Com. Vrigu Bhatacharjee, Ex-Financial Secretary, still refuse to handover the Accounts to the Secretary General, then the Secretary General Shall circulate the skeleton of Accounts sent by Com. Vrigu Bhattacharjee to Ex-President on 07.02.2020, which is not signed by the Financial Secretary nor it is audited, to all National Executive Committee members to verify whether there is any discrepancies in the accounts. After getting reply from national Executive Committee members, the accounts will be finalised by a Committee of following office bearers, for presentation in the next National Executive Committee meeting to be convened by Video Conference.

Committee Members
1. Com. Ravindran B. Nair, President, Confederation
2. Com. R. N. Parashar, Secretary General
3. Com. S. B. Yadav, Financial Secretary
4. Com. K. K. N. Kutty, Vice President & Ex-President
5. Com. M. Krishnan, Vice President & Ex-Secretary General

The National Secretariat decided that after completing the above formalities, the Accounts should be presented before the National Executive Committee meeting by not later than 15.08.2020.

3. Financial review and strengthening of funds position

After detailed discussion it is decided that the Secretary General and Financial Secretary shall issue notice to all affiliates and COCs directing them to remit up to date quota and to clear all arrears of quota and dues within one month. The Financial position will be further reviewed in the next national Executive meeting to be held before 15.08.2020.

4. Freezing of DA and DR and other related issues.

5. Charter of demands of Confederation.

Both the above agenda items were discussed together. It is decided that protest programmes should be organised, exclusively on Central Govt. Employees demands, by Confederation. In the revised Charter of demands adopted by the Nagpur National Conference, the following demands are to be added.

(a) Withdraw the orders, freezing the DA and impounding of arrears of Central Govt. Employees & Pensioners till June 30th 2021.

(b) Stop the unjustified increasing of prices of Petrol and diesel. Reduce the price by reducing the excise duty by Central Government.

(c) Settle all COVID-19 related issues pertaining to the Central Govt. Employees (detailed note will be attached). Treat the period of absence during lockdown as duty. Grant wages to casual, part-time, contingent and contract workers including daily-rated mazdoors, during the lock-down period. (It is reported that in Tamilandu Postal Circle no wages are paid during lockdown period to Casual/Contract workers inspite of Finance Ministry & DOP orders.)

Secretary General and President is authorised to re-draft the Charter of demands and Circulate among all National Secretariat member for approval before publishing in website. The date of the protest programme is to be decided by President and Secretary General, preferably in the 3rd or 4th Week of July 2020. Next phase of programme will be decided by the National Executive Committee meeting to be held before 15.08.2020.

6. Organizational Review

The National Secretariat felt that the disruptive activities initiated by the Ex-Financial Secretary has not affected the overall functioning of Confederation. Efforts are to be made to sort out the issues and to bring back the misguided comrades and to further strengthen the functioning of all affiliated organisations and COCs. It is decided that indiscipline and anti-organisational activities from any corner should not be compromised or tolerated.

7. Date of next National Executive Committee meeting

The meeting authorised President and Secretary General to fix and notify the date of next National Executive meeting by not later than 15.08.2020.

8. Central Trade Unions Programme on 03.07.2020

The meeting decided to organise the protest programme against the anti-people and anti-worker policies of the Central Government at all important Centres on 03.07.2020. The Central TUs has included the DA freeze and impounding of arrears as one of the main demands. All affiliates and COCs are requested to ensure participation of Central Govt. Employees in the joint protest programmes of Central Trade Unions.

9. It is decided to prepare a detailed note on the present situation and the issues faced by the Central Govt. Employees for wide circulation among Central Govt. Employees through Websites and Social media. Com. K. K. N. Kutty, Vice President will prepare the draft.

The meeting concluded with vote of thanks by Com. R. N. Parashar, Secretary General.

Fraternally yours,

(R. N. Parashar)
Secretary General

Source : Confederation

Confederation of Central Government Employees and workers endorse the call of Central trade unions and appeal to all Constituent organisations to conduct protest demonstration on 3rd July 2020 at all work places, maintaining all norms of social distancing and others of Covid 19.

05th June, 2020

Central Trade Unions call for 3rd July as Nation Wide Protest Prepare for Countrywide Struggle of Non Cooperation and Defiance

The Central Trade Unions (CTUs) in their meeting on 3rd June 2020 congratulated the workers for responding enthusiastically to the nation-wide protest call demanding immediate halt to changes in labour laws, abrogating the rights won over after a struggle of 150 years among other demands. The meeting took serious note of the continuous aggressive attack on the workers’ rights ignoring all the joint representations to the Government on the matter including the nationwide protest on 22nd May 2020.

The Government not only failed in getting its own orders and advisories implemented in regard to payment of wages to workers, no retrenchments to be carried during lockdown period. Instead, it withdrew its own decision in the face of the case in Supreme Court by the employers of some companies. The Government did not heed to the demand of cash transfer of Rs. 7500/- to all non income tax paying households including unorganised labour (registered or unregistered) for the months of April, May, June, neither the demand for Government support to pay the wages of workers of MSMEs for these three months. The ration to all working people for at least six months to be made available universally also did not find favour with the Government. Neither our demand for workers safe journey home paid attention to.

The Supreme Court had to take cognizance finally asking the Governments of Centre and States not to demand passenger fares from workers, give them proper shelter and food till they are transported to their homes. Nineteen High Courts had taken cognizance of workers, frontline fighters and hospital services etc during this period.

We re-iterate that the Central Government chose the cover of COVID-19 lockdown to push through its agenda of disinvestment and wholesale privatisation of Public Sector Enterprises, 100 percent FDI in core sectors - Indian railways, Defence, Port and Dock, Coal, Air India, Banks, Insurance etc., steps in favour Corporates of Indian & Foreign brands to usurp natural resources and business of the country while mouthing behind the slogan of Aatma-Nirbhar Bharat. The earlier decisions and those taken during COVID-19 lockdown on privatization/corporatization/commercialization in Defense, Coal, Space science, Atomic energy, Insurance, Banks and most of the PSUs are being pursued with vigour and arrogance. The decision of DA freeze of 48 lakh Central Government Employees and DR freeze of 68 lakh pensioners, which is also having impact on the state government employees, is not withdrawn despite vehement opposition from Government employees and CTUs.

In this back ground various sections are now in agitation mode. The electricity workers and engineers have jointly observed countrywide protest against Electricity Amendment Bill 2020 on 1st June 2020. While welcoming the sectoral struggles which are developing in various sectors, CTUs support the protest programmes taken up by Defence federations including “strike ballots” and those in the coal mine sector on 10-11 June 2020.

The scheme workers, ASHA, Anganwadi, MDM, 108 ambulance employees, etc and the nurses and doctors who are in the front ranks among the front line warriors working at the community level for combating Covid 19 Pandemic are agitated for their demands for safety measures not being addressed appropriately and neither they are provided proper health care on falling sick from COVID-19 infection, nor the social security and insurance coverage being extended to the families who are succumbing to the disease. The scheme workers are also being denied

payment of honorarium for lockdown period.

ASHAs, anganwadi employees, Doctors, Nurses, Safai Karamcharis, have been in the protests now and then in various parts of the country on similar demands. The CTUs support all these agitations on their just demands.

The so-called 20 lakh crore package of the Government is nothing but a hoax and cruel joke on the suffering people; this mainly comprises of loan guarantee to various sectors and the actual relief package reaching people is not even 1 percent of GDP. Even, previously announced budgetary allocations and welfare schemes such as PM Kisan Samman Nidhi, Construction Workers Welfare Board and District Mineral Funds etc have been unscrupulously repackaged to befool the people.

The workers who have reached back to their villages would need work, so there is dire need of additional amount to cover these workers also along with the existing needs of rural labours. But the sum announced was paltry in face of demand at the ground level. We demand that the coverage of MNREGA must be enhanced sufficiently to meet the demand for livelihood and work for all including the returned migrant workers; similar employment guarantee should also be extended for the urban areas to meet the demand for work and livelihood for all including the most suffering unorganized sector workers; they should also be provided universal social security including health care and food support.

Now with the opening up of some industrial units the complaints are that all workers are not being taken back, only a small percentage is finding their place back in jobs and that also on reduced wages and refusal to pay lockdown period salary. Such denial of employment and pressure for wage-reduction have to be unitedly combated and we also demand upon the governments for immediate corrective interventions in that direction.

The jobless are more than 14 crore and if we add the daily wagers/contract/casual, it is more than 24 crores who are out of livelihood at present. The MSMEs themselves are reporting that 30% to 35% units may not be in position to start their activities. The unemployment rate is already reached 27%. ILO has said in its report that more than 40 crore people would be pushed into deeper poverty. According to eminent scientists & medical experts, India is faced with stark reality, that malnutrition would increase, hunger deaths would become a daily reality, and there is real threat of depression resulting in suicides amongst workers.

Modi Government has most insensitively dealt with the problem of COVID 19 as law & order issue instead of treating it as medical emergency for the human being and society. It has caused immense miseries to millions of workers, farmers and other vulnerable sections of the society. Whereas, Government stood only by Corporates & big businesses.

A Government which has no respect and concern, towards the rights and basic survivalentitlements of workers and the people does not deserve any co-operation. We the workers/employees and trade unions need to do everything possible to be in solidarity with each other, unitedly face the disease taking all precautions necessary, stand with each other to defend our rights of unionization, collective bargaining, decent working condition, wages & future securities etc. This Govt has demonstrated cruel insensitivity of the basic human needs of the workers and people. This cannot be endorsed and cooperated with.

We cannot accept lying down the designs for imposition of slavery on workers through total nullification of all labour laws; nor can we remain onlooker to the Govt project of wholesale privatization of our PSUs through multipronged routes; we cannot silently accept the aggressive structural changes in the agricultural economy in favour of corporate-landlord lobby putting already distressed majority of the agricultural populace in deeper miseries besides endangering food security for the entire people. Trade union movement cannot endorse or cooperate with this process; we have to totally non-cooperate, defy and resist through united struggles such disastrous anti-people, anti-worker and anti-national designs being imposed on the society taking advantage of the lockdown situation in an unscrupulous manner. The Central Government has defied its constitutional obligation.

Hence we the Central Trade Unions, independent Federations and Associations in this background have jointly decided to observe Nationwide Protest Day on 3rd July 2020, by the workers and employees of formal & informal sector and service establishments, maintaining physical distancing and other precautions. This programme is in preparation and prelude to further united struggle of prolonged Non-Cooperation and Defiance of the anti-people, anti-national policies of the Govt and in defence of our rights and basic entitlements. Preceding the nationwide protest, to generate awareness about the changes being made in labour laws and other policy issues, the state level joint meeting/seminars/conventions may be held.

We demand upon the Government to immediately hold the long overdue Indian Labour Conference to dwell upon the 12 point Charter of Demands, the labour and trade union rights, issues of job losses, wages, job security, the migrant workers’ issues including their journey to home and return journey to those who desire to join back their work, instead of frequently meeting only the employers and corporates organisations.

We call upon the working class and trade unions of all affiliations to make the programme of Nationwide Protest Day on 3rd July 2020 a massive success throughout the country, in all workplaces and centres in preparation to countrywide united struggles of Non-Cooperation and Defiance to anti-worker, anti-farmer, anti-people and anti-national policies of the Govt for at least six-months period to defend the rights of the people and save and defend the national economy. The concrete form of Non Cooperation and Defiance including nationwide general strike will be decided by the joint platform of Central Trade Unions and independent Federations and Associations at appropriate time in the next phase after the observance of the Nationwide Protest Day.

  

And Together with the Federations and Associations of various sectors

REGULATION OF PENSION AND OTHER RETIREMENT BENEFITS OF GOVERNMENT SERVANTS WHO WERE ON EXTRAORDINARY LEAVE/UNAUTHORIZED ABSENCE/SUSPENSION AS ON 01.01.2016 AND RETIRED OR DIED THEREAFTER WITHOUT JOINING DUTY. (CLICK THE LINK BELOW TO VIEW)

http://documents.doptcirculars.nic.in/D3/D03ppw/38_37_16_PPW_A_240620204iO3G.PDF

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REVISION OF PENSION OF PRE-2016 PENSIONERS / FAMILY PENSIONERS IN IMPLEMENTATION OF GOVERNMENTS DECISION ON THE RECOMMENDATIONS OF THE 7TH CENTRAL PAY COMMISSION-CONCORDANCE TABLE CORRIGENDUM REGARDING

 (CLICK THE LINK BELOW TO VIEW)

http://documents.doptcirculars.nic.in/D3/D03ppw/38_37_2016_PPW_A_24062020fzarv.PDF

NOTICE- REPRESENTATION OF PA/SA CANDIDATES OF CHSLE 2017 SEEKING CHANGE OF POSTAL CIRCLES (CLICK THE LINK BELOW TO VIEW)

http://utilities.cept.gov.in/dop/pdfbind.ashx?id=4572

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BOOKING OF INTERNATIONAL EMS AND INTERNATIONAL TRACKED PACKET.

(CLICK THE LINK BELOW TO VIEW)

http://utilities.cept.gov.in/dop/pdfbind.ashx?id=4576

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FILLING UP OF THE VARIOUS VACANT POSTS OF ASSISTANT DIRECTOR GENERAL AND ASSISTANT DIRECTOR IN POSTAL DIRECTORATE

(CLICK THE LINK BELOW TO VIEW)

http://utilities.cept.gov.in/dop/pdfbind.ashx?id=4569

VERIFICATION OF MEMBERSHIP OF SERVICE ASSOCIATIONS UNDER CCS (RSA) RULES, 1993 IN DEPARTMENT OF POSTS-CALLING OF APPLICATIONS REGARDING

TRAVELLING ALLOWANCE RULES-SUBMISSION OF BOARDING PASS ALONGWITH TA BILL (Click the link below to view)

https://doe.gov.in/sites/default/files/MX-M452N_20200623_212716.pdf

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POST OFFICE SAVINGS BANK AND POST OFFICE SAVINGS CERTIFICATE LATEST UPDATES COMPILED BY POSTAL TRAINING CENTRE, MYSURU AS ON 20.06.2020

CLICK TO DOWNLOAD PDF ( 27 PAGES)

GUIDELINES REGARDING CREDIT FACILITIES TO SERVING EMPLOYEES OF MINISTRY OF HEALTH AND FAMILY WELFARE, CGHS AND DIRECTORATE OF HEALTH SERVICES

ALLOTMENT OF SPACE IN TRAINS TO DEPARTMENT OF POSTS FOR TRANSPORTATION OF THEIR CONSIGNMENTS-REGARDING

 

DO FROM SECRETARY POSTS REGARDING EXPEDITIOUS DISPOSAL OF CLAIMS RELATING TO FAMILY PENSION/DEATH BENEFITS/PLI/RPLI & POSB

NEW PROMOTIONAL AND INCENTIVE STRUCTURE OF PLI/RPLI (CLICK THE LINK BELOW TO VIEW)

http://utilities.cept.gov.in/dop/pdfbind.ashx?id=4568

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME(CGEGIS)

No.NC/JCM/2020                                                                                                    Date: June 18, 2020

The Secretary,

Department of Personnel & Training,

(Government of India),

North Block,  New Delhi-110001

Dear Sir,

Sub: Central Government Employees Group Insurance Scheme(CGEGIS)

Ref.: (i) Customized CGEGIS, Dept. of Expenditure, MoF’s OM dated 07.12.2018

         (ii) Brief on Customized Group Insurance Scheme (Dept. of Expenditure 06.05.2019)

        (iii) Brief Note on CGEGIS (DoPT 06.05.2019)

        (iv) Revised proposal for LIC’s customized Group Insurance(GI) for Central Government

Employees (13.09.2019)

1.                   Revision of Central Government Employees Group Insurance Scheme (CGEGIS) is long overdue since the rates of Sum Assured and the premium thereof continues to be the same since it was decided in 1990 inspite of much inflation and devaluation of money.

2.1.       Arising out of 7^th CPC recommendations and based on JCM (Staff Side) representation, the Union Cabinet had asked the Ministry of Finance to work out a Customized Group Insurance Scheme for Central Government Employees with low premium and high risk cover.

2.2.       Staff Side had pointed out that the existing Scheme of CGEGIS is having a proven system. It is good except for non-revision of the scheme since 1990.

2.3.       Subsequently, some of the Customized Group Insurance Scheme for Central Government Employees prepared by LIC was shared with the JCM (Staff Side).

3.                   Main drawbacks in LIC proposals: Staff Side finds following major flaws in the proposal submitted by LIC to Department of Expenditure:

3.1               LIC has not given any proposal for the sum assured of 50 lakh, 25 lakh and 15 lakh at lesser subscription compared to the recommended by 7th CPC, as advised by the Cabinet.

3.2               The existing system of CGEGIS is a self-financing scheme, having non-transferable consolidated fund. When handed over to LIC, it will be treated as a profit centre. Hence subscription and other conditions will be changed to provide profit to LIC.

3.3               LIC has proposed a premium(for insurance) 20% higher than 7th CPC recommendations. In addition to that,18% GST on the Subscription have to be borne by employees. Hence, employee will end up in contributing subscription 41.6% more than the recommendations of the 7^th CPC.

3.4               LIC’s proposal of revising the subscription every year will be disadvantageous to the employee and as such not acceptable to the Staff Side. 

3.5               LIC’s proposal of age based subscription increases monthly subscription by 4.28 times. It may result in different rates of premium for employees belonging to different age group working in the same pay level.

3.6               LIC also proposed for higher subscription if total number of employees covered in the scheme comes down. This will bring in total uncertainty as staff strength on roll continues to fluctuate due to retirement etc. and non-filling of vacancies.

3.7               LIC asked for transfer of existing corpus (around Rs.500 crore) which was most unreasonable, unprecedented and undesirable, particularly since it does not provide any matching relief to the employees in terms of lower premium.

3.8               Premium proposed to be charged by LIC was too high ,considering a very large group employees to be covered with a sanctioned strength of nearly 38.6 lakh Central Government employees in the CGEGIS.

3.9            a) In LIC’s Jeevan Amar Life Term Assurance Plan (UIN: 512N332V01), for the assured sum of Rs. 50 Lakh at the entry age of 20, annual premium is Rs.4,356, at the entry age of 30,it is Rs. 6,952. (The sample illustrative premiums for Jeevan Amar life term assurance plan is attached as Annexure-I).

b) Even after adding for Saving Fund under CGEGIS @ 3 times of the premium for Life Term Assurance Plan, the total amount of subscription for CGEGIS will be less than half of the monthly subscription proposed by the LIC and by the 7^th CPC.

c) Monthly Subscription can be reduced by 20% when the scheme is applied for more than 30 lakh employees as a Group as per details given in Table-2, based on the Premium for Individual Term Insurance indicated in Table 1 below:-

Table-1: Monthly subscription in proportion to LIC’s Jeevan Amar Life Term Assurance Plan):

Pay Level of Employee	Insurance Amount Recommended by 7th CPC Rs.	Proposed monthly subscription for CGEGIS (In proportion to LIC’s Jeevan Amar Term Assurance Plan) (#)			Correspond-ing SA (Savings) For 30 years of service @8% annual interest Monthly compounding
		Insurance Fund (25%) Rs.	Savings Fund (75%) (##) Rs.	Total Monthly Subscription Rs.
Level 10 & above	50,00,000	600	1800	2400	27,02,331
Level 6 to 9	25,00,000	300	900	1200	13,51,165
Level 1 to 5	15,00,000	200	600	900	9,00,777

(#) Based on entry age of 30 years for Individual Term Insurance. (Premium amount rounded off to next hundred Rs.) (##)7^th CPC recommended a ratio of 75:25 for savings fund to insurance fund.

Table-2 Monthly subscription for Group Insurance @ 20% lesser than subscription charged by LIC for Individual Life Term Assurance (shown in table-1) plus savings Fund in the ratio 25:75

Pay Level of Employee	Insurance Amount Recommended by 7th CPC Rs.	Proposed monthly subscription for CGEGIS - (20% less than LIC’s Jeevan Amar Term Assurance Plan’s premium) (#)			Corresponding SA (Savings) For 30 years of service @8% annual interest Monthly compounding
		Insurance Fund (25%) Rs.	Savings Fund (75%) (##) Rs.	Total Monthly Subscription Rs.
Level 10 above	50,00,000	480	1440	1920	21.61,865
Level 6 to 9	25,00,000	240	720	960	10,80,932
Level 1 to 5	15,00,000	160	480	640	7,20,621

4. PROPOSALS OF THE STAFF SIDE

1.1. Staff Side proposes that for the sum assured recommended by 7^th CPC the following rates of Monthly subscription @ 20% less than the Premium for Individual Term Insurance plus Savings Fund as derived in table-2 above.

Pay Level of Employee	Insurance Amount Recommended by 7th CPC Rs.	Proposed monthly subscription for CGEGIS - (20% less than LIC’sJeevan Amar Term Assurance Plan’s premium)
		Insurance Fund (25%) Rs.	Savings Fund (75%) Rs.	Total Monthly SubscriptionRs.
Level 10 & above	50,00,000	480	1440	1920
Level 6 to 9	25,00,000	240	720	960
Level 1 to 5	15,00,000	160	480	640

4.2        Monthly Subscriptions of Rs.1920, Rs.960 and Rs.640 for Sum Assured of Rs. 50 lakh, 25 lakh and 15 lakh for the Levels proposed by the 7^th Pay Commission respectivelyand payable to the family of the deceased employee in case of an employee’s death.

4.3        Ratio of the Insurance Fund and Saving Fund should be 25% : 75% respectively.

4.4        In case of retirement, employees be paid a maturity benefit in proportion to the subscription, length of service and applicable interest rates.

4.5        The CGEGIS should continue to be handled by the Government as here to for.

4.6        The proposal to tie up with LIC should be dropped forthwith especially keeping in view the drawbacks in the proposal of LIC, as enlisted earlier in this letter,

4.7        The Revised Scheme, drawn after consideration of the above proposals, may please be discussed with the JCM Staff Side, and be finalised early as the revision thereof has already been delayed for too long.

Hoping for an early favourable decision on the long pending issue is solicited

                                                                                              

Encl: 1 Annexure

√Copy: Secretary, Department of Expenditure, Ministry of Finance – for necessary action please.

Annexure I

LIC’s JEEVAN AMAR LIFE TERM ASSURANCE PLAN (UIN: 512N332V01)

The sample illustrative premiums for both Option I (Level Sum Assured) and Option II (Increasing Sum Assured) for Basic Sum Assured of Rs.50 Lakh.

Option I (Level Sum Assured):

Age	Policy term	Regular Annual Premium	Annual Premium for limited premium Paying term of (Policy term minus 5) years	Annual Premium for limited premium Paying term of (Policy term minus 10) years	Single Premium
20	20	Rs. 4,356	Rs. 5,104	Rs.6,556	Rs.48,928
30	20	Rs. 6,952	Rs. 6,952	Rs.8,932	Rs.66,088
40	20	Rs.13,545	Rs. 13,545	Rs.17,595	Rs.1,27,395

Option II (Increasing Sum Assured):

Age	Policy term	Regular Annual Premium	Annual Premium for limited premium Paying term of (Policy term minus 5) years	Annual Premium for limited premium Paying term of (Policy term minus 10) years	Single Premium
20	20	Rs. 5,715	Rs. 5715	Rs. 8,595	Rs. 63,720
30	20	Rs. 8,415	Rs. 8415	Rs. 12,870	Rs. 94,095
40	20	Rs. 17,664	Rs. 17644	Rs. 27,232	Rs. 1,95,868

Eligibility conditions and other Restrictions:

a)       Minimum Age at entry: [18] years (Last Birthday)

b)       Maximum Age at entry: [65] years (Last Birthday)

c)       Maximum age at Maturity: [80] years (Last Birthday)

d)       Minimum Basic Sum Assured: Rs. 25,00,000/-.

e)       Maximum Basic Sum Assured: No Limit.The Basic Sum Assured shall be in multiples of: Rs. 1,00,000/-, if Basic Sum Assured for the policy is Rs.25,00,000/- to Rs. 40,00,000/-Rs. 10,00,000/-, if Basic Sum Assured for the policy is above Rs. 40,00,000/-.

f)        Policy Term: [10 to 40] years

g)       Premium Paying Term:Regular Premium: Same as policy termPremium: [Policy Term minus 5] years for Policy Term [10 to 40] years : [Policy Term minus 10] years for Policy Term [15 to 40] years