Dear Members, would like to know about Risk cover benefits for employees as i’m aware of GMC & GPA only. Are there other benefits also to be provided by employers to their employees?
Awaiting for suggestions…
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workman compensation policy
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Thanks Bharath, Kindly elaborate to understand the procedure
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Hi
It is aimed to compensate employee families when an employee met with an accident resulting fatal and permanent/temporary disablement.
It covers to all employees in the organisation. Many times it is taken as unnamed policy without mentioning the employees. Employees covered under ESIC are not covered under this act.
Wage limit is Rs. 15000/ for caculation of compensation. Formula is age relavant factor X 50%/60% of wages for fatal and permanent disablity respectively. Age relavant factor table is found in schedule 7 of the act.
Documents few to list for compensation claim are Post mortem, FIR, panchanama, death certificate, death report(FORM EE), claim form(Insurance) order of compensation by Labour Commissioner, legal hire certificate, aadhar and bank details of legal heirs etc. Compensation amount has to be deposited (FORM A or AA as per the case) with labour commissioner and he will distribute the amount to his legals heirs after proper verification of Legal heir certificate
In permanent disability cases, the percentage of disability of the victim is examined and finalised by panel of three govt doctors.
25% wages are given in temporary disablement cases
For detailed view check the act
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Thanks you so much for your valuable inputs…
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Thanks you so much…
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