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Employee State Insurance (General Provident Fund) Rules

Section 24: Deposit-Linked Insurance Revised Scheme

On the death of a subscriber, the person entitled to receive the amount standing to the credit of the subscriber shall be paid by the Accounts Officer an additional amount equal to the average balance in the account during the 3 years immediately preceding the death of such subscriber, subject to the condition that-
(a) the balance at the credit of such subscriber shall not at any time during the 3 years preceding the month of death have fallen below the limits of-
(i) Rs 12,000 in the case of a subscriber who has held, for the greater part of the aforesaid period of three years, a post of maximum of the pay scale of which is Rs 4000 or more.
(ii) Rs 7500 in the case of a subscriber who has held for the greater part of the aforesaid period of three years, a post of the maximum of the pay scale of which is Rs 2900 or more but less than Rs 4000.
(iii) Rs 4500 in the case of a subscriber who has held for the greater part of the aforesaid period of three years, a post of the maximum of the pay scale of which is Rs 1151 or more but less than Rs 2900.
(iv) Rs 3000 in the case of a subscriber who has held for the greater part of the aforesaid period of three years, a post of the maximum of the pay scale of which is less than Rs 1151.
(b) the additional amount payable under this rule shall not exceed Rs 30,000.
(c) the subscriber has put in at least 5 years service at the time of his/her death.