Terms and conditions for grant of exemption

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....such an application for grant of exemption shall submit consent of majority of employees; (ii) an establishment seeking exemption or extension of exemption from the Employees' Deposit-Linked Insurance Scheme shall purchase Insurance Regulatory and Development Authority of India approved Group Insurance Policy for all its employees and employer shall certify in writing that the benefit....

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....ave been payable to the employees' beneficiary, in the event that the Insurance service provider fails to pay such assurance benefit to the eligible beneficiary; (vii) where an employee or class of employees or establishment or class of establishment is exempted under the Code, the employer shall in respect of such employee or class of employees maintain such account, provide such facilit....