Please suggest on what would be a suitable employee benefit policy in case of payment from company for support for accident or death case while on duty.
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Hi Mani,
The Employer is accountable to compensate for the accidents/death of an employee in the course of employment. So it is not a choice but a statutory obligation imposed on the Employer to have appropriate compensations in place.
Provisions of the Employees’ State Insurance Act, 1948 (“ESIC”) and the Employee’s Compensation Act, 1923 (“ECA”) (formerly known as Workmen’s Compensation Act) and its Amendment mandates the employer to compensate the employees in the case of accidents or death occurring in the course of employment.
The ECA provides the computations for Partial disability, Total disability, Temporary disability, Permanent disability, and Death of employee. ECA mandates the employer to provide compensation in such instances.
The Employer has to keep a check on its workforce, nature of business/occupational hazards likely to cause accidents/death, and have appropriate insurance policies active to cover the risks and compensation obligations.
The Employer may also provide a better compensation than that are prescribed under ECA.
Quite a late reply, yet, we intend not to let go any query unanswered. 
Regards,
Bhuvana Anand
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