HomeLIC EmployeesLIC Class 1 Officer Wage Revision Gazette Notification 2021

LIC Class 1 Officer Wage Revision Gazette Notification 2021

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LIC Class 1 Officer Wage Revision Gazette Notification 2021 – G.S.R. 268(E) – Dated 15.04.2021

NOTIFICATION
New Delhi, the 15th April, 2021

G.S.R. 268(E).—In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India Class I Officers‘ (Revision of Terms and Conditions of Service) Rules, 1985, namely:─

1. (1) These rules may be called the Life Insurance Corporation of India Class I Officers‘ (Revision of Terms and Conditions of Service) Amendment Rules, 2021.

(2) They shall be deemed to have come into force on the 1st day of August, 2017.

(3) These rules shall be applicable to those Class I Officers who were in the whole-time salaried service in the permanent establishment of the Corporation on or after the 1st August, 2017:

Provided that where any Class I Officer gives a notice in writing to the Corporation, within a period as specified by the Corporation, expressing his option to be governed by the provisions of these rules with effect from a date which is not earlier than 1st August, 2017 and not later than the date of publication of this notification in the Official Gazette, then the Corporation may, by order, permit such Officer to be governed by these rules with effect from the said date and no arrears for the period prior to the date so opted shall be payable to such officer:

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Provided further that an officer whose resignation had been accepted or whose services had been terminated under rule 39 of Life Insurance Corporation of India (Staff) Rules, 1960 during the period from 1st August, 2017 to the date of publication of this notification in the Official Gazette, shall not be eligible for the arrears on account of revision under these rules.

2. In the Life Insurance Corporation of India, Class I Officers (Revision of Terms and Conditions of Service) Rules, 1985 (hereinafter referred to as the principal rules), for rule 4, the following rule shall be substituted, namely:—

“4. Scales of pay and seniority of Class I Officers.—(1) The scale of pay of the Class I Officers shall be as specified in the table below:—

TABLE

S.N Entry Class I Officer posts Scale of pay
(1) (2) (3) (4)
1 (i) Zonal Managers (a) Ordinary Scale: Rs. 1,46,095-4,415(8)-1,81,415
(ii) Chief Engineers / Chief Architects (b) Selection Scale: Rs. 1,63,755-4,415(2)-1,72,585-4,735(1)-1,77,320-5,180(1)-1,82,500-5,370(4)-2,03,980
2 (i) Deputy Zonal Managers / Senior Divisional Managers Rs. 1,30,500-3,780(3)-1,41,840-4,255(6)-1,67,370
(ii) Deputy Chief Engineers / Deputy Chief Architects
3 (i) Divisional Managers Rs. 1,07,820-3,780(9)-1,41,840
(ii) Superintending Engineers / Senior
Surveyors of Works / Senior Architects
4 (i) Assistant Divisional Managers / Senior Branch Managers Rs. 87,985-2,645(1)-90,630-2,865(6)-1,07,820-
3,780(4)-1,22,940
(ii) Executive Engineers / Surveyors of
Works / Deputy Senior Architects
5 (i) Administrative Officers / Branch Managers Rs. 72,115-2,645(7)-90,630-2,865(6)-1,07,820
(ii) Assistant Executive Engineers / Assistant Surveyors of Works /
Architects
6 (i) Assistant Administrative Officers / Assistant Branch Managers Rs. 53,600-2,645(14)-90,630-2,865(4)-1,02,090
(ii) Assistant Engineers / Assistant Architects

 

(2) A separate seniority list shall be maintained in respect of Officers appointed to posts specified in entries (i) and (ii) respectively under various serial numbers in the table in sub -rule (1).”

3. In rule 4A of the principal rules,—

(i) in clause (b), after the words ―maximum of five such additions‖, the words ―and after two years from availing the fifth such addition, he may be granted one further addition to the basic pay equal to the last increment drawn by him in the scale of pay‖ shall be inserted;

(ii) in clause (c), after the words ―maximum of two such additions‖, the words ―and after two years from availing the second such addition, he may be granted one further addition to the basic pay equal to the last increment drawn by him in the scale of pay‖ shall be inserted.

4. In rule 5 of the principal rules,─

(a) for sub-rule (1), the following sub-rule shall be substituted, namely:—

“(1) The scale of dearness allowance applicable to Class I Officers shall be determined as under:—

(a) Index: All India Average Consumer Price Index Number for Industrial Workers.

(b) Base: Index No. 6352 in the series 1960 = 100.

(c) Rate: For every four points in the quarterly average of the All India Consumer Price Index above 6352 points, a Class I Officer shall be paid dearness allowance at the rate of 0.08 % of Pay.

Explanation.- For the purposes of this clause, “Pay” means the basic pay including additions to the basic pay after reaching maximum of the scale as provided under rule 4A of these rules.”;

(b) in sub-rule (2), for the figures and words “4708 points in the sequence of 4708-4712-4716-4720”, the figures and words “6352 points in the sequence of 6352-6356-6360-6364” shall be substituted.

Also readLIC Class I Officers (Special Allowance for Passing Examinations of Insurance Institute of India) Rules 2021

5. In rule 6 of the principal rules, for sub-rule (1), the following sub-rule shall be substituted, namely:—

“(1) The House Rent Allowance applicable to Class I Officers, except those who have been allotted residential accommodation by the Corporation, shall be as specified in the table below:—

TABLE

Sl.No. Place of posting Rate of House Rent Allowance
(1) (2) (3)
1 Cities of Mumbai, Kolkata, Chennai, New Delhi, Noida, Faridabad, Ghaziabad, Gurugram, Navi Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakh and above 10% of Pay, subject to a maximum of Rs.7,840 per month
2 Cities with population exceeding 12 lakh but less than 45 lakh, and except those mentioned at serial number 1, and any city in the State of Goa 8% of Pay, subject to a maximum of Rs. 6,620 per month
3 Other places 7% of Pay, subject to a maximum of Rs. 6,370 per month

Notes: For the purposes of this sub-rule,─

(i) the population figures shall be as per the latest Census report;

(ii) cities shall include their urban agglomerations; and

(iii) “Pay” means basic pay, additions to basic pay under rule 4A and Fixed Personal Allowance under rule 9A.”

6. For rule 7 of the principal rules, the following rule shall be substituted, namely:—

7. City Compensatory Allowance.—The City Compensatory Allowance payable to Class I Officers shall be as specified in the table below:—

TABLE

Sl.No. Place of posting Rate of City Compensatory Allowance
(1) (2) (3)
1 Cities of Mumbai, Kolkata, Chennai, New Delhi, Noida, Faridabad, Ghaziabad, Gurugram, Navi Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakh and above 3% of Pay, subject to a maximum of Rs. 1,960/- per month
2 Cities with population exceeding 12 lakh but less than 45 lakh, and except those mentioned at serial number 1, and any city in the State of Goa 2.5% of Pay, subject to a maximum of Rs. 1,865/- per month
3 Other places 2% of Pay, subject to a maximum of Rs. 1,445/- per month

Notes: For the purposes of this sub-rule,─

(i) the population figures shall be as per the latest Census report;

(ii) cities shall include their urban agglomerations; and

(iii) “Pay” means basic pay plus additions to basic pay under rule 4A.”

7. For rule 7A of the principal rules, the following rule shall be substituted, namely:—

“7A. Hill Allowance.—The scales of Hill Allowance payable to Class I Officers shall be as specified in the table below:—

TABLE

Sl.No. Places Rates
(1) (2) (3)
1 Posted at a place situated at a height of 1,500 metres or more above the mean sea level At the rate of 2.5% of Basic Pay subject to maximum of Rs. 1,245/- per month
2 Posted at a place situated at a height of 1,000 metres or more but less than 1,500 metres above the mean sea level, or at Mercara, or at a place which is specifically declared as a “hill station” by the Central Government or the State Government concerned for their employees At the rate of 2% of Basic Pay subject to maximum of Rs. 1,000/- per month
3 Posted at a place situated at a height of not less than 750 metres or more above the mean sea level and which is surrounded by and accessible
only through hills having a height of 1,000 metres or more above the mean sea level
At the rate of 2% of Basic Pay subject to maximum of Rs. 1,000/- per month”.

8. In rule 7B of the principal rules, for the letters and figures “Rs. 500”, the letters and figures “Rs. 710” shall be substituted.

9. In rule 7C of the principal rules, for the letters and figures ―Rs. 1130‖, the letters and figures “Rs. 1,595” shall be substituted.

10. After rule 7F of the principal rules, the following rule shall be inserted, namely:—

“7G. Special Allowance.—(1) The amount of Special Allowance payable to Class I Officers shall be as specified in the table below:—

TABLE

Sl.No. Category Allowance per month (Rs.)
(1) (2) (3)
1 Zonal Manager (Selection) 13,500
2 Zonal Manager (Ordinary) 12,000
3 Senior Divisional Manager / Deputy Zonal Manager 10,500
4 Divisional Manager 9,000
5 Assistant Divisional Manager 7,500
6 Administrative Officer 6,000
7 Assistant Administrative Officer 4,500

 

(2) The allowance under this rule shall be reckoned for the purpose of calculation of dearness allowance but shall not be reckoned for the purposes of Provident Fund, gratuity, House Rent Allowance, pension, encashment of privilege leave and fixation of pay upon promotion.

11. In rule 9B of the principal rules, for the letters and figures ―Rs. 1330‖, the letters and figures “Rs. 1,960” shall be substituted.

12. In rule 9D of the principal rules, for the letters and figures ―Rs 185/-‖, the letters and figures “Rs. 265” shall be substituted.

[F. No. S-11012/03/2018-Ins. I]
SAURABH MISHRA, Jt. Secy.

EXPLANATORY MEMORANDUM

It is certified that no employee of the Life Insurance Corporation of India is likely to be affected adversely by the notification being given retrospective effect.

Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 794(E), dated the 11th October, 1985 and were subsequently amended vide the following notifications:

(1) G.S.R. 960(E), dated the 7th December, 1987
(2) G.S.R. 493(E), dated the 22nd April, 1988
(3) G.S.R. 872(E), dated the 22nd August, 1988
(4) G.S.R. 711(E), dated the 25th July, 1989
(5) G.S.R. 816(E), dated the 11th October, 1990
(6) G.S.R. 324(E), dated the 10th March, 1992
(7) G.S.R. 53(E), dated the 2nd February, 1994
(8) G.S.R. 597(E), dated the 30th June, 1995
(9) G.S.R. 94(E), dated the 16th February, 1996
(10) G.S.R. 286(E), dated the 18th July, 1996
(11) G.S.R. 530(E), dated the 27th August, 1998
(12) G.S.R. 612(E), dated the 30th August, 1999
(13) G.S.R. 550 (E), dated the 22nd June, 2000
(14) G.S.R. 287(E), dated the 27th April, 2004
(15) G.S.R. 559(E), dated the 5th September, 2005
(16) G.S.R. 305(E), dated the 25th April, 2007
(17) G.S.R. 631(E), dated the 2nd September, 2009
(18) G.S.R. 824(E), dated the 8th October, 2010
(19) G.S.R. 16(E), dated the 8th January, 2013
(20) G.S.R. 28(E), dated 14th January, 2016
(21) G.S.R. 194(E), dated 26th February, 2016
(22) G.S.R. 402(E), dated 31st May, 2019

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