RBE No. 221/2009: Deposit Linked Insurance Scheme
No. E(W)2009/WE-1/10, dated 14.12.2009
Sub: Deposit Linked Insurance Scheme for subscribers to SRPF.
1. Reference this Ministry’s letter No.E(W)89/WE-i/23, dated 18.04.1990 (RBE No. 67/1990) as amended/ clarified from time to time regarding the revised Deposit Linked Insurance Scheme for railway servants.
2. The President is pleased to direct that Clauses-2(1)(a)(i) to (iv) of the revised Deposit Linked Insurance Scheme as amended/ clarified vide this Ministry’s letter No.E(W)97/WE-1/13, dated 20.10.1998 (RBE No. 238/1998) and 29.05.2000 (RBE No. 102/2000) may be substituted with the following:-
“2(1)(a) – The balance at the credit of such subscriber shall not at any time during three years preceding the month of death have fallen below the limits of:-
(I) Rs.25000 in the case of a subscriber holding a post in the Pay Band-2 (Rs.9300-34800) or above and drawing a Grade Pay of Rs.4800 p.m. or more as per Railway Services (Revised Pay) Rules, 2008.
(II) Rs.15000 in the case of a subscriber holding a post and the Pay Band-2 (Rs.9300-34800) and drawing a Grade Pay of Rs.4200 p.m. or more but less than Rs.4800 p.m. as per Railway Services (Revised Pay) Rules, 2008.
(III) Rs.10000 in the case of a subscriber holding a post in Pay Band-2, Pay Band-1 or Pay Band 1S (Rs.4440-7440) and drawing a Grade Pay of Rs.1400 p.m. or more but less than Rs.4200 p.m. as per Railway Services (Revised Pay) Rules, 2008.
(IV) Rs.6000 in the case of a subscriber holding a post in the Pay Band 1S (Rs.4400-7440) and drawing a Grade Pay of Rs.1300 p.m. or more but less than Rs.1400 p.m. as per Railway Services (Revised Pay) Rules, 2008.
3. These orders are effective from 06.06.2009. However, the pre-revised Scheme which existed before issue of these orders shall apply in case of death of subscriber on or before 06.06.2009 and to whom these revised orders do not apply.
4. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.
Download Railway Board Circular RBE No. 221/2009
Forward reference ⇒ RBE No.