Big gift before Diwali! 7.5 lakh employees of Rajasthan government will get bonus

New Delhi: Even before Diwali, the Rajasthan government will give a big gift to its employees. The government has agreed to give good bonus to the state employees on their insurance policies for the financial year 2019-20. About 7.50 lakh state employees will benefit from this decision of the government. Chief Minister Ashok Gehlot has approved this scheme.

According to an official statement by the Rajasthan government, Chief Minister Ashok Gehlot has given his approval to the proposal to provide bonus on insurance coverage of state employees for the financial year 2019-20. For this, the report of Actuarial Valuation has been approved by the CM. 7.50 lakh employees of the state government are very happy with the decision of the CM and now they are waiting for its implementation. Read more: Government made this big announcement for ration card holders, every beneficiary jumped with joy

The Rajasthan Finance Department, in the report of actuarial assessment done by the Director of Insurance under the Rajasthan Government Employees Insurance Rules, 1998, proposed Rs 90 per thousand for endowment policy and life insurance for the year 2019-20. It is proposed that the policy will get simple reversionary benefit of Rs.112.5 per thousand. Companies should implement this now. After this the employees will start getting the benefits. Read more: ICICI Bank hikes interest rates on fixed deposits, check new FD rates

It was suggested that for the financial year 2018-19 also, bonus at the same rate should be given on insurance policies. Further, the State Government has been advised to give interim bonus at the same rate and preserve the terminal bonus rate at Rs.4 per thousand till the declaration of the next evaluation result. Government employees are happy with the action of the state administration. They claim that now we will get direct benefit from it. The government should start as soon as possible.