Deposit-linked insurance definitions establish member eligibility, assurance benefits, nominees, insurance policies, and the application of meanings under social security law. The Employees' Deposit-Linked Insurance Scheme, 2026 defines assurance benefit as a payment linked to the average Provident Fund Account balance, payable ... Summary
Deposit-linked insurance definitions establish member eligibility, assurance benefits, nominees, insurance policies, and the application of meanings under social security law.
The Employees' Deposit-Linked Insurance Scheme, 2026 defines assurance benefit as a payment linked to the average Provident Fund Account balance, payable on the death of an employee who is a Provident Fund member. It identifies eligible members, nominees, Insurance Policies and Commissioners. Terms not defined in the Scheme take their meanings from the Code on Social Security, 2020, its rules, or the Employees' Provident Funds Scheme, 2026.
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