The insured shall have to pay an annual premium of Rs.100/-, inclusive of Service tax for an assured sum of Rupees Eight Lakh.
The compensation admissible shall be as follows:
- Death due to accident – 100% of sum insured
- Loss of 2 limbs or sight of both eyes and one limb and sight of one eye due to accident – 100% of sum insured
- Loss of one limb or sight of one eye due to accident – 50% of sum insured
- Permanent total disablement due to accident – 100% of sum insured
The Drawing and Disbursing Officer/ Self Drawing Officer shall deduct the premium of Rs.100/- per employee from all the categories of employees included in the Scheme from the salary for the month of November 2010 payable in December. In case of any spill over, the same should be recovered from the salary of December 2010 payable in the 3rd week of December.
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