Cash Medical Benefit to Pre-86 Retireeslspouses of Retirees The surviving pre-01.01.1986

LIFE INSURANCE CORPORATION OF INDIA

CENTRAL OFFICE

Jeevan Bima Marg,

Mumbai- 400021.

Dept : Personnel/ER "Yogal

Cir. No.; COIPERIER-Ar 024/2013

11th March, 2013.

To.

ALL OFFICES OF THE CORPORATION l

Re: Cash Medical Benefit to Pre-86 Retireeslspouses of Retirees

The surviving pre-01.01.1986 retirees of the Corporation have been drawing index-Linked Ex-gratia as per instructions contained in CO circular ref: ZD.f919l'ASPi*99 dated 20.05.1999 whereas the surviving spouses of deceased pre-01.01.1986 retirees of the

Corporation draw ex-gratia as per administrative procedure laid down vide CO circular ref:ZD/1 108!ASPf2007 dated 13.07.2007.

It has now been decided to grant Cash Medical Benefit to the surviving pre-01.01.1986retirees and the spouses of deceased pre—01.01.1986 retirees who are covered under the above said schemes of ex-gratia. The amount admissible as Cash Medical Benefit is given below:

1. For Pre—86 retirees — Rs.12,000l'- per annum, payable monthly.

2. For Spouses of deceased Pre-86 retirees — Rs.6000/- per annum, payable monthly.

Payments of Cash Medical Benetit to the above beneficiaries will continue as long as beneficiary is eligible for above ex-gratia payment.

This comes into force with effect from Board meeting held on 23'°' January, 2013 and the payment under Cash Medical Benefit will commence from the month of February, 2013.

Executive Director (Personnel)