Section 63(2) in Life Insurance Corporation of India (Staff) Rules, 1960
(2)The period of privilege leave which can be accumulated by any employee is [270] [Substituted by Notification No. G.S.R. 415 (E), dated 28.4.2017 (w.e.f. 1.7.1960).] days. Leave up to a maximum of 120 days may be sanctioned at any one time. Provided, however, an employee may be granted the full leave to his credit, subject to a maximum of [270] [Substituted by Notification No. G.S.R. 415 (E), dated 28.4.2017 (w.e.f. 1.7.1960).] days, preparatory to retirement.
