Deposit-linked Insurance scheme enables employer contributions with government matching to fund employee life insurance benefits. Section 6C creates an Employees' Deposit-linked Insurance Scheme under which the Central Government may notify a scheme to provide life insurance benefits; employers must pay into a Deposit-linked Insurance Fund amounts (not exceeding one per cent of specified wage aggregates) as notified, and the Central Government shall, after appropriation, contribute one-half of each employer's contribution. Employers may also pay further sums (up to one-fourth of their contribution) for administration expenses, with the Government matching one-half of those sums; the Fund vests in and is administered by the Central Board and the scheme may take effect prospectively or retrospectively.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deposit-linked Insurance scheme enables employer contributions with government matching to fund employee life insurance benefits.
Section 6C creates an Employees' Deposit-linked Insurance Scheme under which the Central Government may notify a scheme to provide life insurance benefits; employers must pay into a Deposit-linked Insurance Fund amounts (not exceeding one per cent of specified wage aggregates) as notified, and the Central Government shall, after appropriation, contribute one-half of each employer's contribution. Employers may also pay further sums (up to one-fourth of their contribution) for administration expenses, with the Government matching one-half of those sums; the Fund vests in and is administered by the Central Board and the scheme may take effect prospectively or retrospectively.
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