Friday, April 17, 2009

Finmin Offers Salary Per Month For Insurance Ombudsman - April 17, 2009

The government has suggested Rs 80,000 a month salary for insurance ombudsmen on the pattern of high court judges, whose pay was revised previous year.

"Ombudsman shall be allowed a fixed pay of Rs 80,000 per month and any pension to which he is entitled from the Central Government or a state Government or any other organisation or institution shall be deducted from his salary," the Finance Ministry said in a draft. Suggestions or any objections to the proposal are invited by 19th May of current year.

The Insurance ombudsmen are entitled to get a salary, which is equal to the salary of a judge of a high court, as per the Redressal of Public Grievances Rules, 1998. Though, the salary of judges of the High Courts and the Supreme Court was revised last year. According to the revised pay scales, Judges of the High Courts will draw a salary of Rs 80,000 per month along with Dearness Allowance.

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