Payment of Financial Assistance

In the event of unfortunate demise of member during the service or in case of permanent disability due to an accident, the financial aid will be provided as under:

Financial aid for all schemes will be provided to nominated successor in two installments, out of which first installment will be paid within ten days of receiving information of death or accident and second installment will be payable within four months.

All the above payments will be made through A/c Payee cheque or Demand Draft. In certain circumstances, first installment can also be paid in cash with the approval of Managing Committee.