Central Provident Fund Act 1953 s 47
s 47 Period of cover
47.—(1) On payment of the prescribed premium payable under section 45 for an insured person, the person is covered under the Scheme by the Board or an appointed insurer assigned by the Board (as the case may be) for a period of 12 months beginning on —(a)
the date of such payment; or
(b)
where the insured person’s insurance cover is issued under section 43A, such other date as may be prescribed under section 51(e).[6/2016]
(2) Subject to the provisions of this Part, the insurance cover under the Scheme must be renewed annually in accordance with the prescribed requirements.
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