NEW DELHI: The government on Saturday declared that dependants of employees who have died as a result of Covid-19 because March 23 final year will qualify for pension under the Workers’ State Insurance Scheme for a couple of decades.
Included in new social security benefits for employees, the authorities said it’s”improved and liberalised” insurance benefits under the Workers’ Deposit-Linked Insurance Plan (EDLI) handled by the retirement fund, Workers’ Provident Fund Organisation (EPFO).
Prime Minister Narendra Modi stated these measures will help mitigate fiscal problems faced by these families.
“Family Pension underneath ESIC and EPFOEmployees’ Deposit Linked Insurance Scheme can offer a financial cushion to all those households that have lost their getting member because of Covid-19.
GOI stands in solidarity with those households,” he also tweeted.
Dependant family members will be eligible for the advantage of pension equal to 90 percent of their average daily wage brought on by the employee according to the present norms.
This advantage will be available jointly with effect from March 24 final year and also for many such instances until March 24, 2022.
The quantity of maximum insurance benefit was raised from Rs 6 lakh to Rs 7 lakh, and also the supply of minimal insurance policy advantage of Rs 2.
5 lakh was revived and may apply retrospectively from February 15, 2020 for the subsequent few decades.
The labor ministry stated gains will be related to dependant families given that the employee was enrolled on the ESIC online portal three or more months before being diagnosed using coronavirus and his subsequent departure.
In addition, for casual and contractual employees, the government liberalised the requirement for constant employment in just 1 institution and said that the advantage of EDLI is going to be expanded to households of employees who might have changed tasks in the 1 year in their death.