Section 20 in The Bureau of Indian Standards (Terms and Conditions of Service of Employees) Regulations, 2007
20. Life Insurance Corporation Group Savings Linked Life Insurance Schemes.
- Life Insurance Corporation Group Saving Linked Insurance Scheme is intended to provide for the Bureau of Indian Standards employees at a low cast and own a wholly contributory and self-financing basis the twin benefits of an insurance cover to help their families in the event of death in service and lump-sum payment to augment their resources on retirement. The insurance cover granted is on a graded pattern according to categories of employees classified into Groups.The Scheme will be compulsory for all those employees who enter the Bureau of Indian Standards service after the introduction of the Scheme.The terms and conditions of the Scheme are given in Second Schedule appointed to the regulations.
