23. Deposit-linked Insurance Scheme
On the death of a subscriber on or before 30th September, 1991 and to whom rule 24 does not apply, the person entitled to receive the amount standing to the credit of the subscriber shall be paid by the accounts officer an additional amount equal to the average balance in the account during the 3 years immediately preceding the death of such subscriber subject to the condition that-
(a) the balance at the credit of such subscriber shall not at any time during the three years preceding the month of death have fallen below the limits of-
(i) Rs. 4,000 in the case of a subscriber who has held for the greater part of the aforesaid period of three years, a post the maximum of the pay scale of which Rs. 1,300 or more in the pre-revised scale,.
(ii) Rs. 2,500 in the case of a subscriber who has held, for the greater part of the aforesaid period of three years, a post the maximum of the pay scale of which is Rs. 900 or more but less than Rs. 1,300 in the pre-revised scale;
(iii) Rs. 1,500 in the case of a subscriber who has held, for the greater part of the aforesaid period of three years, a post the maximum of the pay scale of which is Rs. 291 or more but less than Rs. 900 in the pre-revised scale;
(iv) Rs. 1,000 in the case of a subscriber who has held, for the greater part of the aforesaid period of three years, a post the maximum of the pay scale of which is less than Rs. 291 in the pre-revised scale.
(b) the additional amount payable under this rule shall not exceed Rs. 10,000/-;
(c) the subscriber has put in at least five years’ service at the time of his death.
Note 1: The average balance shall be worked out on the basis of the balance at the credit of the subscriber at the end of each of the 36 months preceding the month in which the death occurs. For this purpose, as also for checking the minimum balances prescribed above:
(a) the balance at the end of March shall include the annual interest credited in terms of rule 13;
(b) if the last of the aforesaid 36 months is not March, the balance at the end of the said last month shall include interest in respect of the period from the beginning of the financial year in which death occurs, to the end of the said last month.
Note 2: Payments under this scheme should be in whole rupee. If an amount due includes a fraction of a rupee it should be rounded to the nearest rupee (50 paise counting as the next higher rupee).
Note 3: Any sum payable under this scheme is in the nature of insurance money and, therefore, the statutory protection given by section 3 of the Provident Funds Act, 1925 (19 of 1925), does not apply to sums payable under this scheme.
Note 4 : This scheme also applies to those subscribers to the fund who are transferred to an autonomous organization consequent upon conversion of a government department into such a body and who, on such transfer, opt, in terms of option given to them, to subscribe to this fund in accordance with these rules.
(a) In case of a government servant who has been admitted to the benefit of the fund under rule 26 or 27, but dies before completion of three years’ service, or as the case may be, five years service from the date of his admission to the fund, that period of his service under the previous employer in respect whereof the amount of his subscriptions and the employer’s contribution, if any, together with interest have been received, shall count for purposes of clause (a) and clause (c) of this rule.
(b) In case of persons appointed on tenure basis and in the case of re-employed pensioners, service rendered from the date of such appointment or re-employment, as the cas
e may be, only will count for purpose of this rule.
(c) The scheme does not apply to persons appointed on contract basis.
Note 6 : The budget estimates of expenditure in respect of this scheme will be prepared by the accounts officer responsible for maintenance of the accounts of the fund having regard to the trend of expenditure, in the same manner as estimates are prepared for other retirement benefits.