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Saturday, February 12, 2011
Health insurance policy portability from July 1
New Delhi, Feb 10 (PTI) In a big relief to dissatisfied health insurance policy holders, sectoral regulator Irda today allowed them portability -- shifting policies from one insurer to another on same terms -- from July 1.
"The Authority has examined various issues involved in the portability of health insurance plan and has issued necessary orders for effecting portability which will be implemented from July 01, 2011," Insurance Regulatory and Development Authority (Irda) said in a statement.
The portability facility will allow policy holders to switch over to another insurance company with the same conditions.
"The accepting insurer shall provide cover, at least up to the sum assured in the previous insurance policy," the regulator said.
The new facility will also help those policy holders who stick to one insurer throughout life for fear of losing the cover for Pre Existing Diseases (PED).
Rates of Dearness Allowance applicable w.e.f. 1.1.2010 and 1.7.2010 to the Railway employees continuing to draw their pay in the pre-revised scale
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
The General Managers/CAO(R),
All Zonal Railways & PUs
(As per standard mailing list)
Sub: -Rates of Dearness Allowance applicable w.e.f. 1.1.2010 and 1.7.2010 to the Railway employees continuing to draw their pay in the pre-revised scale.
In continuation of Ministry of Railway's letter of even Number dated 30.10.2009, (PC-VI/156, RBE No.195/2009) revising rates of Dearness Allowance w.e.f. 01.07.2009 in respect of Railway Servants who continue to draw their pay and emoluments in the pre-revised scale of pay (5th CPC Scale), the rates of Dearness Allowance admissible to these category of employees shall be enhanced from the existing 73% to 87% w.e.f. 1.1.2010 and 87% to 103% w.e.f. 1.7.2010. All other conditions as laid down in the Board's letter dated 17.11.2008 (RBE No.179/2008) will continue to apply.
2. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.
3. Hindi version is enclosed.
[Authority: MoF's OM No.(s).1(3)/2008-EII(B), dated 31.03.2010 & 29.09.2010]
Dy.Director, Pay Commission - V