Deposit-linked insurance scheme inclusion expands contributory definitions and integrates an Insurance Fund into provident law. Amendment expands the contributory definition in section 2 to include contributions payable for employees covered by the Insurance Scheme, and inserts two ... Summary
Deposit-linked insurance scheme inclusion expands contributory definitions and integrates an Insurance Fund into provident law.
Amendment expands the contributory definition in section 2 to include contributions payable for employees covered by the Insurance Scheme, and inserts two definitions: Insurance Fund as the deposit-linked insurance fund under section 3G(2) and Insurance Scheme as the coal mines deposit-linked insurance scheme under section 3G(1), with a consequential re-lettering of clause ff to fc.
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