Section 67 in The Employees' Provident Funds Scheme, 1952
67. Recovery of amounts paid towards insurance policies.
- If a policy matures or otherwise falls due for payment during the currency of its assignment, the Central Board or, where so authorised by the Central Board, the Commissioner shall realise the amount assured together with bonus, if any, accrued thereon, place to the credit of the member the amount so realised, or the whole of the amount paid from the Fund in respect of the policy with interest thereon, whichever is less, and refund the balance, if any, to the member.] [Substituted by G.S.R. 1083, dated 30.6.1966.]
