Page:Gilgit Baltistan Civil Servants Health & Life Insurance Act, 2019.pdf/5

Rh CHAPTER-III HEALTH & LIFE INSURANCE FUND

7. Fund.—(1) There shall be established a fund to be called the Health & Life Insurance Fund which shall vest in the Board and administered by it.

(2) The fund shall consist of all the sums received from the civil servants as contribution to the Fund, contribution by the Government, any interest or profit accruing thereon, any other grant and any other amount related to the Fund.

(3) The moneys credited to the Fund shall be kept in such banks and financial institutions as the Board may decide.

8. Payment of contribution.—(1) Every civil servant shall be liable to pay to the Fund such sum of money as determined by the Board from time to time as contribution and the amount of such contribution and be deducted at source from his pay and credited or remitted to the fund.

(2) In case of deduction of contribution at source from the pay of a civil servant, the Accountant General, after compilation of accounts with all District Account offices and other offices, as the case may be, shall transfer the amount to the accounts of the Fund, up to the tenth (10) day of each month.

(3) Where the amount of contribution cannot, for any reasons, be deducted from the pay of the civil servant, the civil servant shall remit to the Fund, the sum of contribution payable by him, any balance remaining unpaid due to inadvertence or negligence of the civil servant or otherwise shall be recoverable from him in such manner as may be prescribed.

(4) Default in the payment of contribution, either for the reason that the pay of the employee was not drawn or due to his negligence or fault or for any other reason whatsoever, shall not affect the right of the civil servant or his family to receive the amount of said benefit in the event of retirement or death of the civil servant.

(5) In case of proceeding on leave without pay or deputation or stoppage of pay for any other reason, a civil servant shall pay the amount of his contribution through pay order or crossed cheque or in any other manner as may be prescribed.