Section 59 in Life Insurance Corporation of India (Staff) Regulations, 1960
59. Ad hoc Grants & Bonus Commission.
- The Corporation may sanction ad hoc grants where the circumstances require it. The Corporation may also sanction bonus commission to its Development Officers depending upon business. [The Corporation may also sanction merit awards and incentive payments to employees in accordance with such schemes as it may approve from time to time.] [Notified in Gazette of India, Part-III Section 4 dated 7.8.1971.]
