The Company Secretaries Benevolent Fund w.e.f 1st May 2021, has decided to enhance the medical reimbursement limits for those affected by COVID-19, considering the recent splurge in the cases owing to the 2nd wave of the virus. Read the official announcement below:
Considering the very grim phase the country is facing due to the phenomenal surge in Covid-19 pandemic and in order to support its stakeholders, the Company Secretaries Benevolent Fund w.e.f 1st May, 2021, has enhanced the medical reimbursement limits for those affected by Covid 19. The Members and/or their declared dependents who have tested Covid positive from a government/ICMR authorized testing centre (only RT-PCR or Rapid Antigen Test result to be accepted) and have incurred expenses related to treatment for Covid in a hospital (private/government/military) or under home quarantine/isolation (on production of original bills), shall be eligible for reimbursements, with enhanced limits as under:
For Life members of CSBF : Limit enhanced from Rs.75,000/- (Rupees Seventy Five Thousand Only) to Rs.1,50,000/- (Rupees One Lakh Fifty Thousand Only) for self and their declared dependents.
For Life members of CSBF who have not completed 3 years of subscription (for self and their declared dependents); and for Company Secretaries who are non-members of CSBF (for self only) : Limit enhanced from Rs.50,000/- (Rupees Fifty Thousand Only) to Rs.1,00,000/- (Rupees One Lakh Only).
As per the existing Bye Laws of the CSBF, the Annual Income criteria for deserving cases (that is Annual Income up to Rs. 7.5 Lakhs during the previous Financial Year) shall remain the same.
CS Nagendra D Rao
President, ICSI & Chairman-CSBF