GPF Lapse or wrongful assignment of policies Rule 27
The General Provident Fund (Central Services) Rules, 1960
RULE 27- LAPSE OR WRONGFUL ASSIGNMENT OF POLICIES
If the policy lapses, or is assigned, otherwise than to the President under rule 22, charged or encumbered, the provisions of sub-rule (4) of rule 22 applicable to a failure to assign and deliver a policy shall apply.