BSNL Corporate Offiad POOH offic Pension Section Sw fcor, Und tar Fare fates 379888 / Bharat Sanchar Bhotee (or Ser ST) H.C. Mathur Lane, BHARAT SANCHAR NIGAM LIMITED New Dethi-110001 (A Gon. of a Ereereiae) No. BSNLCO-A/12(12)4/2021/ESTAB Date: 16" January, 2023 To, All Heads of Circles/Units Bharat Sanchar Nigam Limited Subject: IRDA regulation for minimum ‘Annuity amount that is allowed to be purchased for SPS sion, Sir, annuity of less than Rs.1000/- the beneficiary will be paid lumpsum amount only by the LIC. LIC has also provided an illustration indicating the annuity calculation as indicated below:- ILLUSTRATION The total corpus required for annuity amount of Rs.1000/- in “Annuity for life with 100% to spouse with ROC” will be as under: Employee Age 60 years Spouse Age 57 Years Total Corpus 3,16,500,00 1/3" Commutation 1,05,500.00 New Amount 2,11,000.00 Less: GST 1.8% 3,730.84 Purchase Price 2,07,269.00 Annuity for life with 100% to spouse with ROC Rs.1000. Therefore, in the above scenario, for rec: ng an annuity of Rs.1000/- per month the value of corpus shall not be less than Rs.207269/- (excluding tax), b2— Contd......2/ scanned with OKEN Scanner/ PBCO-11/11(13)/2/2022-HR ADMIN i E ise 2023 So a 3. The calculator provided by LIC of India can be accessed from the Pensioners Portal at URL huips:/*bsnl co in/opencms/bsnl/BSNL/about_us‘retirediretired index. hint 4 perl is requested that the above position shall be widely circulated not only among the members of the scheme but also among the retired members and/or their beneficiaries S._ This is issued with the approval of the competent authority. ‘Yours faithfully, ° 93 Sanjeev Kuma? °")* AGM €Estt. 1) File No. PBCO-11/11(13)/2/2022-HR ADMIN Dated at CHD the 19.01.2023 Copy is forwarded for information and n/action to: 1. All Business Area Heads/Units of Punjab Circle. 2. All Vertical Heads in Circle Office, Chandigarh ; 3. AGM (HRYAGM (Admn)/AGM (Legal) Circle Office, Chandigarh 4. AO (Claims) Circle Office, Chandigarh. rh Asstt. General Manager (R&E) CG Scanned with OKEN ScannerPBCO-11/11(13)/2/2022-HR ADMIN 188/2023 ERR He We THe-ss00409 REGD.NO.D.L-s300499 REGD.NO. D.L.-33004%99 Che Gazette of Gudia EXTRAORDINARY rr Hawg 4 PART IMl—Section 4 ‘aftr # wasters PUBLISHED BY AUTHORITY F302) 7H feeel, qeaften, Feeney 3 2015/8R 12, 1937, No. 302] NEW DELHL THURSDAY, SEPTEMBER 3, 2018/BHADeA 1, 1937 ret tar Raters ate Rear mfitecer agar are, 31 se, 2015 uredta ater fears ae sre mifirecer CXR are are ert fe spre etary FAP, 2015 5. 1 Rf or ae arte tr tate Pee nee er fe oe at tye Ae FAFRaR, 2018 a. A or Seer are rents mt aerate my a ee Ate Beate afte are mifitero ar arqittig ait a. nr en Sr ath Fe en ag af ee meer fen Fae oe Tat, veg store ates staat arr arefee Rrt nt Bate op ‘rrr ate Fat er af i ate fy anseuz0is awPBCO-11/11(13)/2/2022-HR ADMIN 88/2023 2 THE GAZETTE OF INDIA EXTRAORDINARY (Paw tn—sre 4) a, Sa Pee PRP ara a en TE fr FAP ore er ane, m “oF Fr ta, 1998 (1938 a7 4) afte ¢ a. a NO Rte eS tee Beret req (oe wana HERR tree ee 1999 (1999 1 41) art gars, 7, STR ae se fea, we an 4.0 Rove, seme [Paar TUA/STET./161/15(192))PBCO-11/11(13)/2/2020-HR ADMIN 38/2023 and other Benefits, t « “Authority may issue separate but ts for withdrawing the products Which are not in somite With these Regulations bur notes ered by the Life lasers ay Which are , SPProved by the Authority prior othe 4a of noitication of these Regularene ‘ Diless otherwise provided by these Regulations, nothing in these Regulations shall deem to ‘Nvaldte tn insorene plisies toned pee these Regulations coming in fone 2. Definitions: in these Regulations, unless the context otherwise requires:- I me ansurance Act, 1938 4 of 1938) & “Act” me - “Authority” means the Insure Aegilatory and Development Authority of India established under Sr raggt0® (D of section 3 ofthe new? Regulatory and Development Authors ‘Act, 1999 (41 of 1999), © All Words and expressions used herein and not defined in these Regulations but defined in Insurance Act 1938 or Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) ot ‘aulatons made thereunder, shall have a ‘meanings respectively assigned to then 8 or Regulations, ities and ‘fe Insurer shall pay or undertaker "cluding any profit or bonus on ‘Any Policy of insurance issued, less then i. Gimulty of Rupees 1,000 per month