11. (1) On the death of a Railway Servant the sum assured shall be paid to such member or members of his family ¹[or such person or persons] as he might have nominated in the prescribed form in full or in shares specified by him at the time of making the nomination. (2) Where no valid nomination made by the Railway Servant subsists at the time of his death, the sum assured shall be paid to such member or members of his family subject to such conditions imposed with a view to ensuring that the sum is justly and equitably utilised for the maintenance and benefit of all the members of the family as may be prescribed or may, consistently with the rules, be determined by the Board or any officer authorised by the Board in that behalf. ²[(3) In case a Government Servant leaves no family and no valid nomination made by him subsists at the time of his death, the sum assured shall be utilised for such purpose or purposes as the Board may determine.]