(a) “Amount due to Government means any amount payable by the insured to the Government or recoverable from the insured by the Government under any rule or order relating to his conditions of service under Government or under any security bond or contract”.
(b) ‘Average Pay’ means the amount equal to the mean between the minimum and maximum of the Time Scale of pay of the post held by the Insured.
(c) “Department” means “Karnataka Government Insurance Department”.
(d) “Government” means “The Government of Karnataka”
(e) “Hazardous occupation” means any occupation involving extra risk to life declared to be a hazardous occupation by the Director”.
(f) “Insured” means “The person who has assured his life under these rules”.
(g) “Pay” means “Pay as defined in the Karnataka Civil Services Rules, 1958”.
(h) “Policy” means the written document containing the contract for the payment under these rules of a certain sum of money on the occurrence of the events specified therein, in consideration of the premium paid by the Insured.
(i) “Prescribed” means prescribed in these rules.
(j) “Premium” means the amount periodically payable under the policy by the Insured.
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(k) “Proposer” means the person whose life is proposed to be insured.
(l) “Director” means the Director, the Karnataka Government Insurance Department.
(m) “State” means the State of Karnataka.
Guarantee
4. The amount assured on a policy issued under these rules shall be payable from the Public Account of the Karnataka State.
Age
5. (a) The age of the proposer for purposes of Insurance under these Rules shall be the age accepted for purposes of service under Government by the competent authority.
(b) If the date of birth of an insured is altered by Government or the Head of a Department, after his policy is issued, he will be given the option either to have the original sum assured reduced or to pay the enhanced premium from the date of risk, with interest provided his increased age does not exceed 50 years on the date of risk.
(c) The age of the proposer shall be taken to be the age at his last birthday or next birthday, whichever may be the nearest to the date on which the Proposal is accepted.
If it be equidistant, it shall be taken to be the age at his last birthday.
Eligibility: Officers in Permanent Service