Effective 1.12.2007, the beneficiaries under the ESI Scheme would get their cash benefits at enhanced rates, following amendments to the ESI (Central) Rules 1950 already notified. (Notification published, vide No.477, Part-II, Section 3, Sub section (i) Dt.31.10.2007)
Accordingly, the Sickness Benefit hitherto paid at 100% of the Standard Benefit rate would be payable at 120%. The Disablement (both temporary and permanent) Benefit and the Dependants Benefit hitherto paid at 140% of the Standard Benefit rate, would be payable at 150%. In the case of PDB, the rate will be determined with reference to the percentage of the loss of earning capacity as decided by the designated Medical Board on the enhanced TDB rate (150%).
In the case of Dependent Benefit, the full rate of benefit (i.e. 150% of Standard Benefit Rate) will apportioned among the dependent claimants.
In the case of Dependent Benefit, the full rate of benefit (i.e. 150% of Standard Benefit Rate) will apportioned among the dependent claimants.
Please consider a case of employee with Average Daily Wages of Rs.239.44 for the current contribution period.
For this case,
Standard Benefit Rate will be
Rs.140/-
Sickness Benefit will be
Rs.168/-
Temporary Disablement Benefit will be
Rs.210/-
Full Rate for PDB / DB
Permanent Disablement will be
4200 Ps
(Assuming 20% loss of earning capacity as fixed by Medical Board)
Dependants Benefit will be
Rs.210/-
Full rate - Sharable among dependents
Friday, June 19, 2009
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