Section 3(12)(b) in The Life Insurance Corporation of India (Employees) Pension Rules, 1995
(b)refund within sixty days after the expiry of the said period of one hundred and twenty days specified in clause (a) above, 1.3 times of the entire amount of the CorporationÂ’s contribution to the Provident Fund including interest accrued thereon paid to the retired employee at the time of retirement / family of the deceased employee at the time of settlement of Provident Fund account.