Section 8 in Life Insurance Corporation General Rules, 1956
8. [ Fees of members.
- A member not being a whole-time officer of the Corporation or an officer of the Central Government shall be paid fees by the Corporation as follows : -(a)for attending meetings of the Corporation - Rs. 40,000 (rupees forty thousand) for each meeting;(b)for attending meetings of the Committee constituted by the Corporation - Rs. 20,000 (rupees twenty thousand) for each meeting as well as for visit to other places in connection with the affairs of the Corporation;(c)for chairing meetings of the Corporation - Rs. 10,000 (rupees ten thousand) for each meeting in addition to (a) above;(d)for chairing meetings of any committee constituted by the Corporation- Rs. 5,000 (rupees five thousand) for each meeting in addition to (b) above, subject to an overall ceiling of Rs. 15,00,000 (rupees fifteen lakh) per annum per member.]
