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ESI launches Relief Scheme for insured Covid victims

ESI launches Relief Scheme for insured Covid victims DECCAN CHRONICLE. Updated Jul 27, 2021, 7:37 am IST The scheme is effective for two years with effect from March 24, 2020  The deceased IP must have been in employment on the date of diagnosis of COVID-19 disease and contributions for at least 70 days should have been paid or payable in respect of him/ her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death. Representational image?AP Nellore: In order to provide help and succour to the families of the Insured Persons (IPs) who died due to COVID-19, Employees’ State Insurance Corporation (ESIC) has launched ESIC COVID-19 Relief Scheme.

You have very limited choice as to who gets your EPF, EPS, EDLI in case you die

You have very limited choice as to who gets your EPF, EPS, EDLI in case you die Concept by Muhabit ul haq Synopsis If you will your EPF and EDLI money to anyone other than the defined family members, then the nomination made in the scheme would override the beneficiary mentioned in the will. Similarly, EPS cannot be bequeathed via a will. Most salaried individuals have Employees Provident Fund (EPF) and Employees Pension Scheme (EPS) (provided certain conditions are satisfied) accounts. Along with EPF, an individual is also covered under Employees Deposit Linked Insurance (EDLI). Nomination in EPF, EDLI and EPS accounts are governed by the Employees Provident Fund & Miscellaneous Provisions Act, 1952. Under the Act, an EPF member can nominate only those people who are defined

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