Section 7(a) in The Bar Council Of India Advocates Welfare Scheme, 1998
(a)For Members who are paying annual contribution of Rs, 750 per annum,(i)The maturity benefit payable on retirement at age 90 years or above completion of 40 years of membership will be as shown in Table I of the Scheme,(ii)Further, as an additional benefit for a member who has completed 20 or more nears of membership and is aged below 65 years, a Medi-claim Policy on the life of the member and his wife for a sum of Rs, 1 lakh each will be purchased from New India Assurance Co, Ltd, or any other subsidiary Company of General Insurance Corporation of India covering Hospitalisation/Domiciliary Hospitalisation benefits from age 65 to 70, provided the member and his wife are in good health at the time of taking out the policy,
