Deposit-linked insurance: Schedule prescribes coverage, fund investment, nomination, eligibility and payment safeguards for provident fund members. Insertion of Schedule IV establishes matters to be provided in the Employees' Deposit-Linked Insurance Scheme: covered employees; Insurance Fund accountkeeping and Central Government-directed investment; prescribed employee and family particulars; nomination and its variation; registers, records and identity devices; scales for insurance amounts tied to average provident fund balances with an upper cap; minimum average balance eligibility; mandated payment by deposit into the nominee's or family member's savings account at specified banks; and any additional provisions necessary for implementation.
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: Schedule prescribes coverage, fund investment, nomination, eligibility and payment safeguards for provident fund members.
Insertion of Schedule IV establishes matters to be provided in the Employees' Deposit-Linked Insurance Scheme: covered employees; Insurance Fund accountkeeping and Central Government-directed investment; prescribed employee and family particulars; nomination and its variation; registers, records and identity devices; scales for insurance amounts tied to average provident fund balances with an upper cap; minimum average balance eligibility; mandated payment by deposit into the nominee's or family member's savings account at specified banks; and any additional provisions necessary for implementation.
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