Srinagar, Oct 21 : Government has amended Jammu and Kashmir State Insurance Fund Rules, making employees eligible to take insurance policy up to 50 years.
“The Government Employees can take insurance policy up to 50 years of age instead of the existing limit of maximum 48 years of age,” reads the order, a copy which lies with KNS.
The SRO 339 has been amended, in exercise of the powers conferred by proviso to section 124 of the Constitution of Jammu and Kashmir.
“Governor is pleased to direct that the following amendment shall be made in the Jammu and Kashmir State Insurance Fund Rules; At the end of Rule 1- the following shall be added as proviso —– The Government Employees can take insurance policy up to 50 years of age instead of the Existing limit of maximum 48 years of age,” it reads.
“2. State Insurance Fund Schedule of premium rates scheme ‘B ‘ (Endowment Assurance) substituted vide SRO 459 dated 10-12-2010 shall be substituted by the Schedule annexed to this notification,” it adds. (KNS)