1.0 OBJECTIVE:
The SJVNL Employees Death Relief Scheme is introduced with a view to provide financial assistance to the families of member employees who die a natural death while in the employment of the Company.

2.0 SCOPE AND COERAGE:
2.1 The Scheme will cover all employees borne on the regular rolls of the Company who enroll themselves as members of the scheme, but will exclude deputationists, lien holders, apprentices, muster roll, casual, badli or substitute employees.

2.2 The benefits under this scheme will be in addition to that admissible under any other Insurance Scheme.

3.0 MEMBERSHIP OF THE SCHEME:
3.1 The membership of the scheme will be voluntary.

3.2 An eligible employee who wishes to become a member shall apply in the prescribed format authorizing SJVN to recover contribution payable by him @ one day salary (Basic+ DA) at the time of death of a member and giving details of nominees (For trainees who are paid consolidated salary, one day pay shall be calculated by dividing the consolidating stipend by 30).

3.3 Management will provide matching grant equivalent to contribution of the employees.

4.0 EXTENT OF PAYMENT/BENEFITS UNDER THE SCHEME
4.1 In the event of natural death of members while in the employment of the company, nominee will be paid an amount equivalent to one day salary (Basic + DA) of all members alongwith matching contribution by the Company.

The benefit, as above, shall not be admissible in the case of death arising out of accident, for which the relief is covered under Company’s Group Personal Accident Insurance Scheme.

4.2 In addition in the event of the death of the members, an amount of RS. 30,000/- will be paid towards funeral expenses over and above the matching contribution by Company. The payment will be released immediately from concerned F&A Deptt. in the event of occurrence.

4.3 In the event of natural death of an employee on deputation to SJVN a relief of Rs. 10,000/- (non-refundable) shall be released immediately to the family members of such employees towards funeral expenses.

5.0 NOMINATION FOR PAYMENT
5.1 Every member employee shall make a nomination in the prescribed format conferring one or more persons of his family the right to receive the benefit under the scheme in the event his death indicating the shares payable to each member. Family for this purpose shall mean the Spouse, children whether married or unmarried, dependant parents and the widow and children of deceased son, if any.

5.2 The nomination may be changed by a member employee at any time through a written notice to this effect and filling of revised nominations in the prescribed from.

5.3 In case no nomination has been made by the deceased member employee under this scheme, the benefit under the scheme will be paid to the person(s) as nominated for Provident Fund.

6.0 PROCEDURE FOR PAYMENT
6.1 On natural death of a member employee, intimation to F&A will be given by the concerned HR Department. On receipt of the communication F&A Department will sanction the amount after ascertaining the beneficiary/beneficiaries entitled to receive the benefit. The payment will be made by a crossed cheque/bank draft.

7.0 ADMINISTRATION OF THE SCHEME
7.1 The scheme will be administered by Sr. Manager (P&A), incharge of Estt. Shimla at Corporate Centre.

7.2 Sr. Manger (P&A) shall receive the application for the membership of the scheme, in duplicate and maintain a register. A copy of the list of members shall also be sent to F&A Deptt.

7.3 In the event of death of a member, Sr. Manager (P&A) shall intimate F&A Deptt. Based on this information F&A will effect recoveries at the stipulated rates from next salary. In the case of members who leave the service of the company after the receipt of such intimation and before the next salary disbursement, recoveries shall be effected from their last dues.

7.4 Payment to the nominee of the deceased member shall be calculated as per the formula given below:

1. One day salary of total number of membership in the company as on the last date of the preceding month in which death occurs plus equivalent amount as management contribution.

2. An amount of Rs. 30,000/- will be paid towards funeral expenses over and above the matching contribution by the management.

8.0 CESSATION OF MEMBERSHIP
8.1 The membership of an employee will cease, with specific written notice for withdrawal or in the event of separation from the Company.

9.0 POWERS FOR AMENDMENT/CLARIFICATION
9.1 CMD/Director (P) of the Corporation shall be the final authority to modify/amend/revoke and to give clarification/interpretation to any of the provision of the scheme.