Ministry of Finance Department of Financial Services Not Applicable

Life Insurance Corporation General (Amendment) Rules 2026

Published: 27 January 2026 Download PDF

Gazette ID: CG-DL-E-27012026-269598

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Core Purpose

The Central Government, through the Ministry of Finance, amends the Life Insurance Corporation General Rules, 1956, to modify reappointment terms for officials.

Detailed Summary

This notification, G.S.R. 59(E), issued by the Ministry of Finance (Department of Financial Services) on January 27, 2026, details the Life Insurance Corporation General (Amendment) Rules, 2026. Exercising powers under section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government amends the Life Insurance Corporation General Rules, 1956. Specifically, in rule 5, sub-rule (1), clause (i), the phrase "one further term of four years" is substituted with "reappointment for one further term of up to four years". Additionally, in the proviso to the same clause, "one further term of four years" is replaced with "one further term of up to four years". These amendment rules will come into force on the date of their publication in the Official Gazette. The principal rules were originally published as S.R.O. 1889A on August 28, 1956, and have been subsequently amended thirteen times, with the last amendment being G.S.R. 171(E) dated March 3, 2022. The notification is signed by Parshant Kumar Goyal, Jt. Secy.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-27012026-269598 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 58] NEW DELHI, TUESDAY, JANUARY 27, 2026/MAGHA 7,1947 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 27th January, 2026 G.S.R. 59(E).— In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation General Rules, 1956, namely:— 1. Short title and commencement.—These rules may be called the Life Insurance Corporation General (Amendment) Rules, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Life Insurance Corporation General Rules, 1956, in rule 5, in sub-rule (1), in clause (i), — (i) for the words "one further term of four years", the words "reappointment for one further term of up to four years" shall be substituted; (ii) in the proviso, for the words "one further term of four years", the words "one further term of up to four years" shall be substituted. [F. No. I-13011/03/2021-Ins.I] PARSHANT KUMAR GOYAL, Jt. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number S.R.O. 1889A, dated the 28th August, 1956 and were subsequently amended vide the following notifications: (1) G.S.R. 317, dated the 30th April, 1958 (2) G.S.R. 1101, dated the 8th November, 1958 (3) G.S.R. 1568, dated the 23rd October, 1964 (4) G.S.R. 1094, dated the 22nd July, 1965 (5) G.S.R. 1116, dated the 2nd December, 1988 (6) G.S.R. 278(E), dated the 28th May, 1997 (7) G.S.R. 474(E), dated the 23rd July, 2004 (8) G.S.R. 669(E), dated the 26th October, 2006 (9) G.S.R. 2, dated the 3rd January, 2012 (10) G.S.R. 199, dated the 14th October, 2015 (11) G.S.R. 96(E), dated the 10th February, 2020 (12) G.S.R. 460 (E), dated the 30th June, 2021 (13) G.S.R. 171 (E), dated the 3rd March, 2022. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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