FIX PAY SPECIAL LEAVE PAPRIPATR

FIX PAY SPECIAL LEAVE PAPRIPATR

 
Subject: Matter of giving leave benefit to fixed salary employees.
 
Regarding the above subject, it has been proposed to the Education Department in a letter dated 10/05/2019 by this office to give the benefit of special leave to the education assistants performing duty in the primary schools of the district/town primary education committee of the state as per the resolution-1 of the finance department.  
 
The proposal was rejected in the letter of reference-2 of the education department and if such leave was sanctioned in the letter of reference-3 of this office, instructions were given to cancel the leave and recover the deductible as one day’s paid leave.  After which the matter of sanctioning special leave is under consideration at the present Government level.
 

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FIX PAY SPECIAL LEAVE PAPRIPATR

FIX PAY SPECIAL LEAVE PAPRIPATR

Insurance is an important part of our economy. Without the protection insurance affords us, we
would have to spend more time and money protecting ourselves from the risks of loss and less
time in enjoying life and pursuing goals. 
 
 
Insurance is a very old concept. Basically, it means many people paying a little money to create
a bigger pool of money so that anyone who is unfortunate enough to suffer a loss is reimbursed
financially for that loss.
First, insurance is designed to make a loss whole. 
 
 
In the simplest terms, a loss occurs when
things you own are destroyed or reduced in value. If your house burns to the ground,
insurance will provide the funds to rebuild it. The idea is to pay for your actual losses without
allowing you to make money. 
 
 
This is what an insurer means by making the loss whole.
In addition, it’s important to note that an insurance policy is a legally binding contract between
two parties. One party is the insured person—you—and the other is the insurance company. 
 
As is true with all contracts, an insurance policy describes the rights and obligations of each
party. In addition, the policy identifies how much you must pay to receive those rights. This
amount is known as the premium. The policy identifies how much the insurance company is
obligated to pay, if certain events should occur. 
 
 
The maximum amount an insurance company
will have to pay is the limit of insurance.
The study of insurance is full of jargon that is unique to the industry. It is important to know
these important basic concepts since you will encounter them throughout this course and in your
practice of insurance.
 
 

FIX PAY SPECIAL LEAVE PAPRIPATR

 
 
 
 
 
 

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