Section 140(2) in The Navy (Pay And Allowances) Regulations, 1966
(2)Chariot Pay will be treated as pay for all purposes.NOTE-Chariot Pay shall be admissible subject to the condition that sailors borne against the chariot strength obtain additional life insurance cover through Naval Group Insurance Scheme against all risks fora minimum of Rupees one lakh, on payment of monthly contribution of rupees one hundred and fifty per month. The Naval Insurance Group will pay 'Survival Benefits' to sailors covered under the above Insurance Scheme on retirement/release, the amount of which will he determined by the Naval Group Insurance Scheme from time to time.]Conservancy Allowance