Insurance scheme definitions set the scope of assurance benefit, membership, nominee status, and commissioner powers under the scheme. Definitions under the Employees' Deposit-Linked Insurance Scheme, 2026 identify the governing Code, define assurance benefit as a payment linked to the average balance in an employee's Provident Fund Account and payable on death while the employee remains a Provident Fund member, and define Insurance Policy as a group insurance policy issued by an Insurance Service Provider. The term Commissioner covers specified provident fund officers, while member and nominee are tied to the Employees' Provident Funds Scheme, 2026 and exempted provident funds. Unspecified terms take meanings from the Code, rules, or the Employees' Provident Funds Scheme, 2026.
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 scheme definitions set the scope of assurance benefit, membership, nominee status, and commissioner powers under the scheme.
Definitions under the Employees' Deposit-Linked Insurance Scheme, 2026 identify the governing Code, define assurance benefit as a payment linked to the average balance in an employee's Provident Fund Account and payable on death while the employee remains a Provident Fund member, and define Insurance Policy as a group insurance policy issued by an Insurance Service Provider. The term Commissioner covers specified provident fund officers, while member and nominee are tied to the Employees' Provident Funds Scheme, 2026 and exempted provident funds. Unspecified terms take meanings from the Code, rules, or the Employees' Provident Funds Scheme, 2026.
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