Deposit-linked insurance scheme establishes employer contributions, assurance benefits, claim procedures, and exemption conditions for covered establishments. The Employees' Deposit-Linked Insurance Scheme, 2026 applies to establishments covered by Chapter III of the Code on Social Security, 2020 and supersedes the 1976 scheme. It establishes employer contributions to the Insurance Fund, monthly electronic payment, filing of employee returns, maintenance of records, audit, investment, budgeting, and valuation of the fund. The scheme also prescribes the assurance benefit payable on death, claim procedure, payment timelines, exemption conditions, renewal, transitional arrangements, and preservation of entitlements under the earlier scheme.
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Deposit-linked insurance scheme establishes employer contributions, assurance benefits, claim procedures, and exemption conditions for covered establishments.
The Employees' Deposit-Linked Insurance Scheme, 2026 applies to establishments covered by Chapter III of the Code on Social Security, 2020 and supersedes the 1976 scheme. It establishes employer contributions to the Insurance Fund, monthly electronic payment, filing of employee returns, maintenance of records, audit, investment, budgeting, and valuation of the fund. The scheme also prescribes the assurance benefit payable on death, claim procedure, payment timelines, exemption conditions, renewal, transitional arrangements, and preservation of entitlements under the earlier scheme.
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