6. The Board shall have power-(a) to settle claims for insurance sums assured under this Ordinance and all matters connected with such claims;(b) to do or causes to be done all acts and things necessary for the proper administration and management of the moneys or properties of the Insurance Fund;(c) to sanction expenditure connected with the administration and management of the Insurance Fund;(d) to make arrangement for the insurance of the life of the Railway Servants to give effect to the provisions of this Ordinance;(e) to invest moneys held in the Insurance Fund in any profitable ventures with the prior approval of the ¹[Government];(f) to appoint or employ such persons as it considers necessary for the efficient performance of its functions on such terms and conditions as it may, subject to rules, determine; and(g) to do or cause to be done all things ancillary or incidental to any of the aforesaid powers or to the purposes of the Insurance Fund.