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The Institute of Company Secretaries of Indiahas broughtto the notice of all Members that CSBF is reimbursing the medical expenses, in deserving cases, incurred by the CSBF Life Members towards Covid-19 treatment up to Rs.75,000/- (limited to Rs.50,000/- till completion of 3 years of subscription). Read the official announcement below: Dear Member, As we are all aware, the people of India are going through one of the most difficult situations in their lives due to the Covid-19 pandemic.
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FAQ :
ICSI, through the Company Secretaries Benevolent Fund (CSBF), is reimbursing medical expenses incurred by CSBF Life Members for Covid-19 treatment.
The reimbursement is up to Rs.75,000 for deserving cases. However, for members who have completed less than three years of subscription, the limit is Rs.50,000.
CSBF Life Members are eligible for the reimbursement of Covid-19 medical expenses, provided the case is deemed deserving.
CSBF offers financial benefits such as Rs.10,00,000 to dependents of deceased members (under 60), Rs.3,00,000 for those over 60, Rs.50,000 per child for education, and medical expense reimbursements for self or family members.
Members can become a life member of CSBF by remitting a one-time subscription of Rs.10,000/- through the Institute's portal (http://www.icsi.edu) with a duly filled 'Form-A'.
Yes, contributions to CSBF qualify for deduction under Section 80G of the Income Tax Act, 1961.
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