Insurance fund inclusion expands provident fund provisions, adding employer-established life insurance benefits without employee contributions. The amendment adds 'Scheme or the Insurance Scheme' and 'the Insurance Fund' to sub-section (1), replacing prior references to the Scheme and the provident fund with inclusive language covering insurance schemes and insurance funds. An Explanation defines 'insurance fund' as a fund established by an employer to provide life-insurance-type benefits to employees, whether linked to provident deposits or not, and created without any separate employee contribution or premium.
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.
Insurance fund inclusion expands provident fund provisions, adding employer-established life insurance benefits without employee contributions.
The amendment adds "Scheme or the Insurance Scheme" and "the Insurance Fund" to sub-section (1), replacing prior references to the Scheme and the provident fund with inclusive language covering insurance schemes and insurance funds. An Explanation defines "insurance fund" as a fund established by an employer to provide life-insurance-type benefits to employees, whether linked to provident deposits or not, and created without any separate employee contribution or premium.
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