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Section 2 in The Life Insurance Corporation of India Development Officers (Revision of Certain Terms and Conditions of Service) Rules, 2009
2. Definitions.
- In these rules, unless the context otherwise requires;-(a)"Act" means the Life Insurance Corporation Act, 1956 (31 of 1956);(b)"annual remuneration" means the basic pay, special pay, personal pay, dearness allowance, and all other allowances and non-profit sharing or ex-gratia bonus due to, or paid to, a Development Officer during the appraisal year and includes the expenses payable or reimbursed to him or incurred by the Corporation during that year in respect of travelling, residential telephone, mobile, insurance premium and taxes on motor vehicles, but does not include incentive bonus paid to him in accordance with Rule 13;(c)"appraisal date" means -(I)in relation to a Development Officer appointed on or after the date of publication of these rules in the Official Gazette,(A)in the first year of his service, the first day of the month following that in which he completes twelve months of service from the date of his appointment; and(B)in every subsequent year of his service, the first day of the month following that in which he completes twelve months of service from the last appraisal date;(II)in relation to a Development Officer appointed prior to the date of publication of these rules in the Official Gazette,(A)in the first year of his service from the date of publication of these rules in the Official Gazette the 1st day of the month following that in which he completes a period of twelve months of service from the date on which his last annual increment accrued (Whether released or not) in accordance with sub-rule (2) of Rule 56 of the Life Insurance Corporation of India (Staff) Rules, 1960, and(B)in every subsequent year of service, the first day of month following that in which he completes twelve months of service from the last appraisal date;(d)"appraisal year" means the period between two consecutive appraisal dates and the period of twelve months of service preceding the appraisal date ascertained in accordance with Item (A) of sub-clause (1) of clause (c), and each period of twelve months of service next preceding the appraisal date ascertained in accordance with Item (A) of sub-clause (II) of clause (c), shall also he an appraisal year;(e)"cost ratio" in relation to a Development Officer means the ratio which his annual remuneration in any year bears to the eligible premium of that year and expressed as a percentage of such eligible premium;(f)"decrement" means reduction in basic pay by one or more stages in the scale of pay on one or more occasions;(g)"Development Officer" means a whole-time salaried employee of the Corporation belonging to Class II appointed as a Development Officer;(h)"disincentive" means non-grant of increment or decrement Is as provided in the Table of Disincentive;(i)"eligible premium" means such proportion as may be specified by the Corporation from time to time on the first year's premiums received by the Corporation in respect of the business secured by the agents in the organisation of a Development Officer, which is adjusted in the relevant appraisal year;(j)"expense limit" in respect of an appraisal year in relation to a Development Officer working in an operational area specified in column (1) of the Table below (Hereinafter referred to as the "Table of Expense Limit") means the percentage of the eligible premium of that year as specified in the corresponding entry in column (2) thereof and it shall apply to the Development Officers who have been confirmed in the services of the Corporation on a date prior to the date of publication of these rules in the Official Gazette :-TABLE OF EXPENSF LIMIT| Ifthe Development Officer is working in operational area | Percentageof eligible premium |
| (I) | (2) |
| A | 19% |
| B | 20% |
| C | 21% |
| D | 22% |
| Ifthe Development Officer is working in operational area appraisalyear after | Percentageof eligible premium | ||
| Inthe first appraisal year subsequent | Inthe second subsequent after confirmation | Inthe third and appraisal years after confirmation | |
| (1) | (2) | (3) | (4) |
| A | 22% | 21% | 19% |
| B | 23% | 22% | 20% |
| C | 24% | 23% | 21% |
| D | 25% | 24% | 22% |
| OperationalArea as defined in clause (1) of Rule 2 of the Life InsuranceCorporation of India Development Officers (Revision of CertainTerms and Conditions of Service) Rules, 1989 | A | B | C | D | E |
| ExpenseLimit as provided in the Table of Expense Limit in clause (k) ofRule 2 of the Life Insurance Corporation of India DevelopmentOfficers (Revision of Certain Terms and Conditions of Service)Rules,1989 so repealed shall be taken as base for providingtransitional concessions for the subsequent years based on thedate of publication of these rules in the Official Gazette andsubsequent years mentioned as under : | 22% | 23% | 24% | 25"% | 26% |
| (a)Expense Limit applicable in the First appraisal year | 21% | 22% | 23% | 24% | 25% |
| (b)Expense Limit applicable in the Second appraisal year | 20% | 21% | 22% | 23% | 24% |
| (c)Expense Limit applicable in the Third appraisal year | 19% | 20% | 21% | 22% | 22% |