Quick Summary
Labour Ministry announces major social security relief to dependents of workers passing away due to COVID-19 The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about well-being of their family members due to increase in incidences of death due to COVID -19 pandemic. Enhanced social security is sought to be provided to the workers without any additional cost to the employer. Currently f
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
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)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Families can receive enhanced social security benefits through ESIC and EPFO. This includes a pension of 90% of the deceased's average daily wage under ESIC and an increased maximum benefit of £7 lakh under EPFO's EDLI scheme.
The deceased worker must have been registered on the ESIC online portal at least three months before COVID diagnosis and had contributions paid or payable for at least 78 days in the year preceding diagnosis.
The pension is available for life for the spouse and widowed mother, and for children until they reach the age of 25. For female children, the benefit is available until marriage.
The maximum benefit has been increased from £6 lakh to £7 lakh. A minimum assurance benefit of £2.5 lakh is now available for eligible members who were employed for 12 months continuously.
Yes, the revised provision of a minimum £2.5 lakh compensation retrospectively benefits contractual and casual labourers who previously lost out due to the condition of continuous employment in one establishment.
The ESIC scheme is effective for a period of two years from 24th March 2020. The revised EPFO EDLI minimum compensation is effective retrospectively from 15th February 2020.
CAclubindia
