Deposit-linked insurance fund account governs employer contributions, benefit payments, and transfer of earlier scheme assets. The employer's contribution under the Employees' Deposit-Linked Insurance Scheme, 2026 is credited to the Deposit-Linked Insurance Fund Account, from which all scheme benefits are paid. The net assets of the Employees' Deposit-Linked Insurance Scheme, 1976, as on the date of notification of the 2026 scheme, vest in and stand transferred to the Insurance Fund Account.
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Provisions expressly mentioned in the judgment/order text.
Deposit-linked insurance fund account governs employer contributions, benefit payments, and transfer of earlier scheme assets.
The employer's contribution under the Employees' Deposit-Linked Insurance Scheme, 2026 is credited to the Deposit-Linked Insurance Fund Account, from which all scheme benefits are paid. The net assets of the Employees' Deposit-Linked Insurance Scheme, 1976, as on the date of notification of the 2026 scheme, vest in and stand transferred to the Insurance Fund Account.
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