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Centre announces pension, insurance benefits under EDLI scheme for Covid-affected families
India Ahead Staff |
May 29, 2021 Published 9:14 pm |
Updated 9:17 pm
New Delhi: The Prime Minister Office on Saturday announced measures for families that have been affected by Covid-19, in the form of loosing an earning member due to Coronavirus. The measures include family pensions for dependents, who lost their lives due to Covid under Employees State Insurance Corporation.
These are in addition to the latest announcement, made by PM Narendra Modi, for all children who have lost both parents or guardians due to COVID-19 will be supported under the ‘PM-CARES for Children’ scheme. The PM CARES will contribute through a specially designed scheme to create a corpus of Rs 10 lakh for each child when he or she reaches 18 years of age.
“In addition to the measures announced under PM CARES for Children- Empowerment of Covid affected children, Government of India has announced further measures to help families who have lost the earning member due to Covid. They will provide pension to families of those who died due to Covid and an enhanced & liberalised insurance compensation,” the statement read.
Employees Provident Fund Organization- Employees’ Deposit Linked Insurance Scheme (EDLI)
Additionally, Employees’ Deposit Linked Insurance Scheme (EDLI) scheme has been enhanced and liberalised in order to help the dependents in such families to receive insurance benefits.
The PMO added that the amount of maximum insurance benefit (under EDLI) has been increased from Rs 6 lakh to Rs 7 lakh. The provision of minimum insurance benefit of Rs 2.5 lakh has been restored and will apply retrospectively from 15th February 2020 for the next three years.
For families of contractual and casual workers, the condition of continuous employment in only one establishment has been liberalized, with benefit being made available to families of even those employees who may have changed jobs in the last 12 months preceding his death.
Family Pension under Employees State Insurance Corporation (ESIC)
The Centre has announced to extend the benefits of ESIC pension scheme for employment related death cases, to even those who have died due to Covid-19. In order to help family live a life of dignity and maintain a good standard of living, dependent family members of such people will be entitled to the benefit of pension equivalent to 90 per cent of average daily wage drawn by the worker as per the existing norms. This benefit will be available retrospectively with effect from March 24, 2020 and for all such cases till March 24, 2022.