Quick Summary
ICSI has created a dedicated Corpus Fund of Rs.10,00,00,000/- (Rupees Ten Crore only) for benevolence by providing financial assistance to the declared dependent (s) / legal heir(s) of deceased members of ICSI in case of Covid-19 related unfortunate demises, who were not members of CSBF or were CSBF members of age 60 years and above. Under the said Special Covid - 19 Assistance, the dependent(s) (if declared under CSBF) / legal heir(s), as applicable, of a member of ICSI, who have lost their
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
The scheme is for dependents/legal heirs of ICSI members who passed away due to Covid-19. It applies to members who were not life members of CSBF or were CSBF members aged 60 or above on the date of demise.
The maximum one-time financial assistance available is Rs. 5,00,000/- (Rupees Five Lakh only). However, for CSBF members aged 60 and above, the claim is limited to Rs. 2 Lakh, with the balance potentially claimable from CSBF.
The scheme is available for loss of life due to Covid infection and related complications occurring between 1st April 2020 and 31st March 2022.
Required documents include claimant's ID proof, proof of relation to the deceased, death certificate with Covid report, Covid positive report of the deceased, No Objection Certificates if applicable, and claimant's bank details.
Yes, claimants must provide an undertaking that they have not received more than Rs. 10,00,000/- (Rupees Ten Lakh only) cumulatively from other insurance, ex-gratia, or compensation schemes due to the member's demise.
The application form, undertaking, and NOC formats can be downloaded from the Institute's website.
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