Govt announces scheme to provide pension for families of COVID-19 victims

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New Delhi: The authorities on Saturday (May 29) introduced a string of measures, together with a pension for dependents of these having misplaced their lives due to COVID-19, amongst different advantages for the families who misplaced their incomes members to the pandemic.

Besides household pensions, insurance coverage advantages underneath the Employees’ Deposit-Linked Insurance (EDLI) scheme have been enhanced and liberalised. 

Prime Minister Narendra Modi mentioned these steps will assist mitigate monetary difficulties confronted by these families.

PM Modi mentioned the federal government stands in solidarity with these families. In a tweet, the PM mentioned, “Family Pension under ESIC and EPFO- Employees’ Deposit Linked Insurance Scheme will provide a financial cushion to those families who have lost their earning member due to COVID-19. The Government of India stands in solidarity with these families.”

 

To assist these families stay a life of dignity and preserve an excellent normal of dwelling, the profit of the Employee State Insurance Corporation (ESIC) pension scheme for employment-related dying instances is being prolonged to even those that have died due to Covid, the PMO mentioned in a press release, in accordance to information company PTI.

Dependent members of the family of such individuals will probably be entitled to the profit of pension equal to 90 per cent of the common each day wage drawn by the employee as per the present norms.

This profit will probably be obtainable retrospectively with impact from March 24 final 12 months and for all such instances until March 24, 2022.

The enhancement of insurance coverage advantages underneath the EDLI scheme will specifically assist the families of workers who’ve misplaced their lives due to the pandemic, the PMO mentioned. The quantity of most insurance coverage profit has been elevated from Rs 6 lakh to Rs 7 lakh, and the supply of minimal insurance coverage profit of Rs 2.5 lakh has been restored and can apply retrospectively from February 15, 2020 for the subsequent three years.

To profit families of contractual and informal staff, the situation of steady employment in just one institution has been liberalised, with the profit being made obtainable to families of even these workers who could have modified jobs within the final 12 months previous his dying, it mentioned.

Detailed tips of these schemes are being issued by the Ministry of Labour and Employment, the PMO added.

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