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Citizens Investment Trust Important Notice Regarding Insurance

News 25 Sep 2019 17841 0

Citizens Investment Trust Important Notice Regarding Insurance

 

The Citizens Investment Trust came into being with the approval of the Council of Ministers of Nepal Government, 2075/08/03, in the Budget Statement of the fiscal year 2076/77 of the Government of Nepal. Even to manage the program, the "periodic G.I. Do not insurance fund management procedures, the 2076 "procedure has been brought into and implemented. This procedure has been put on the fund's website. This insurance plan will include civil servants, Nepali Army, Nepal Police, Armed Police Force Nepal and permanent teachers of community schools. All concerned are informed that the public servants involved in the program should do the following.

1. In this insurance plan, the new policy will be renewed from 1st Shrawan every year and the insurance policy of the participants will be renewed after the same date.

2. Every civil servant who participates in this insurance plan and will be required to deposit the annual insurance fees required by the end of each year in the Civil Investment Fund. Since the annual insurance fees are not deposited in the fund, since the fund cannot send insurance charges to the National Insurance Institute, every employee is aware that they do not reach the required insurance charges. Money must be deposited. If no insurance fee is available then the employee will not be able to participate or participate in the program. To participate in this program, the insurance policy should be sent according to the insurance policy sent to the National Insurance Institute.

3. There will be a provision for new government employees to be included in the Fiscal Year from the previous 1st Shrawan deadline to participate in the scheme, but the insurance charges and deferred fees required to be filed with the Civil Investment Fund in advance. Also, you will have to file the funds to meet the insurance charges required for the coming year.
For example, if a person is 30 years old on 2076/04 and his / her appointment is taken on 2076/06/05, then the date of participation in the scheme from 2076/04/01 is less than 50 years as on the date of 20 years, since the deduction of insurance charges. Rs.9,600 / - and late fees (at the rate of 12%) will have to be filed in advance with the civil investment fund. By joining, he will have to individually enroll in the fund for 2076 Shrawan, Bhadra and Shrawan months of insurance. If not enrolled in this way, the insurance fee required for the coming year cannot be deposited in the fund so the fund cannot send insurance fee to the institute on the 1st Shrawan. Identification No. 1 issued by the Citizens Investment Trust within 1 month of the new appointment. Accordingly, the amount has to be deposited in the fund.

4. According to point Number 3, the insurance charges and deferred fees will not be deposited in advance and monthly deductions of employees can be deposited only by Rs. Will receive

5. By Shrawan of each year (On the 1st Shrawan of the participant's age is less than 50 years and regular monthly remuneration by the participant (monthly remuneration and addition of Rs. 800 x 12 = Rs.9600 accrued) will be deducted from regular monthly remuneration. Personally employed if additional insurance charges are required to be collected due to the age of 50 years Within 7 (seven) days of depositing the funds into the bank account titled Related Civil Insurance Fund, Nepal Military Insurance Fund, Nepal Police Insurance Fund, Armed Police Force Insurance Fund and Community Schools Teacher Insurance Fund, operated by the Civil Investment Fund through the office. Must be deposited in an investment fund.

6. A sample of the fundraising team has been placed on the fund's website. The details and bank filing vouchers should be deposited monthly to the Citizens Investment Trust.

7. If the insurance fee maintained by the age of the participating national worker is not deposited in the Citizens Investment Trust but will not be enrolled in the National Insurance Institute, then it will not be included in the insurance plan. In the event of any event occurring during this period, only the amount deposited in the Civil Investment Fund will be paid to him.

8. Non-service personnel who want to take surrender value or convert their insurance individually can take payment from the National Insurance Corporation or convert the insurance individually on the recommendation of the Civil Investment Fund.

9. The details of insurance charges required for groups of 50 years and above are kept on the website of the Fund on 1st Shrawan of the year of joining the civil servants.

Citizens Investment Trust

New Baneshwar, Kathmandu

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