Employees State Insurance Corporation (ESIC) Wednesday approved a new scheme Atal Bimit Vyakti Kalyan Yojna, which would pay cash relief to insured persons during the period of unemployment. The proposal scheme was approved in the ESIC board meeting chaired by the Labour Minister Santosh Gangwar in New Delhi. In a statement the Minister said, the scheme, is a relief payable in cash directly to Bank Account of insured person in case of unemployment and while they search for new engagement.
The scheme would benefit insured persons (IP) covered under the Employees’ State Insurance Act, 1948. The ESIC also approved the proposal for relaxing eligibility conditions for availing Super Specialty treatment from earlier insurable employment of 2 years to 6 months with contribution requirement of only 78 days.
Besides, the eligibility for availing Super Specialty treatment for dependents of Insured Person has now been relaxed to insurable employment of one year with 156 days of contributions.
The ESIC has approved the proposal for increasing the funeral expenses from existing 10,000 Rupess to 15,000 rupees being paid on the death of Insured Person.