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Risk Allowance is withdrawn as per the Sixth Pay Commission Report and instead of that employees will be provided with free Life and Medical Insurance of Rs 5 Lakhs.


The Khabrein info. writes “Free Medical and Life Insurance Amounts as per Pay Band

Employees be provided with free medical and life insurance of
Rs.5 lakhs for employees in PB-1 pay band,
Rs.7 lakhs for employees in PB-2 pay band,
Rs.10 lakhs for employees in PB-3 pay band/higher pay bands/scales.

The amount of the insurance should automatically be increased by 50% every time the DA payable on the revised pay goes up by 50%. The entire expenditure on paying premium for this insurance will be borne by the Government.”

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http://budhhi.com/talk/sixth-pay-commission-calculator.php - pay calculator

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