Section 57(2) in Life Insurance Corporation of India (Staff) Rules, 1960
(2)Subject to such conditions as may be imposed from time to time, a personal allowance may be granted to employees promoted to a higher cadre in consideration of the loss in remuneration drawn by them in the lower cadre at the time of promotion.Explanation: 1. For the purpose of this [rule], special pay, as defined shall be treated as part of basic pay.
