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| ESI enhances minimum amount | | | Early Times Report
JAMMU, Mar 1: ESI Corporation, one of India's premier Social Security Organization has taken historic decision by enhancing the minimum amount of the periodical monthly payment of Dependants' Benefit payable to all eligible dependants of a deceased employee as Rs. 1200/- vide Ministry of Labour & Employment, Govt. of India gazette notification published on 08th February, 2012. It has become applicable with effect from today . This progressive step has been taken to provide an appropriate amount to the dependants due to price rise. Around 80,000 Dependants' of the deceased persons are being benefited with this new initiative of ESIC.
Dependants' Benefit: Dependants' Benefit is a monthly pension payable to the eligible dependants of an insured person who dies as a result of an employment injury or occupational disease. The benefit can be credited every month to the bank account of the beneficiary.
The rate of dependants' benefit is the 75% of the wages of the deceased insured person. It is distributed among the dependants as follows:
(i) Widow - Till death or remarriage @ 3/5th of the full rate,
(ii) Widowed Mother - till death @ 2/5th of the full rate,
(iii) Sons - @ 2/5th of the full rate each till he attains the age of 25 years,
(iv) Unmarried daughters - @ 2/5th of the full rate till they get married,
(v) If the son or daughter is infirm and wholly dependant on the earnings of the insured person at the time of his death, they continue to receive the benefit even after attaining the age of 25 years/marriage. For providing prompt and transparent services to the beneficiaries, the ESI Corporation has taken initiatives of electronic mode of transfer (ECS) of Cash Benefits directly in their bank account. This saves the beneficiaries from hassle of visiting ESIC Offices time and again. |
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