Page:Gilgit Baltistan Civil Servants Health & Life Insurance Act, 2019.pdf/3

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(2) The Board shall consist of the following, namely:

(i) Chief Secretary, Government of the Gilgit-Baltistan Chairman

(ii) Secretary to Government, Finance Department Member

(iii) Secretary to Government, Law & Prosecution GB Member

(iv) Secretary to Government, Service & GA Department Convener

(v) Secretary to Government, Health Department Member

(vi) Two representatives of the civil servants (one from BS-01 to 16 and the other from BS-17 and above) to be nominated by Government for a period of two years

(3) The principal office of the Board shall be at Gilgit.

(4) The Services & GA Department of the Government shall provide Secretariat support to the Board.

4. Powers of the Board.—the Board shall—

(i) Approve selection of the insurance company for the purpose;

(ii) Make policies and procedures for the purpose of this Act;

(iii) Settle claims for health and life insurance and all matters connected with such claims;

(iv) Sanction grant from the Fund to the civil servants or their families in accordance with the provisions of this Act and the rules made thereunder;

(v) Invest surplus money held in the Fund in profitable ventures especially in Islamic mode of investment;

(vi) Control, supervise and administer the assets of the Fund in such manner as to promote the purpose for which the Fund is established;

(vii) Determine and revise the rates of contribution and amounts of benefit as it may deem necessary;