The Employees’ State Insurance Corporation

The Employees’ State Insurance Corporation

Subject – Economy

Context – ESIC notifies relief scheme for COVID ­hit

Concept –

• The Employees’ State Insurance Corporation has notified a scheme for the dependents of ESI insured persons in case of death due to COVID­19 that would give a minimum of ₹1,800 a month.
• The scheme would cover the families of the insured who had been registered on the ESIC portal for at least three months before being diagnosed with COVID­19 and had been in employment on the date of diagnosis.
• In case of death due to COVID­19, the spouse, son up to 25 years of age, unmarried daughter and widowed mother of the insured would be eligible for the relief.
• The scheme, which would be effective for two years from March 24, 2020, would provide for 90% of the average daily wages of the insured to be paid to dependents.

The Employees’ State Insurance Corporation

• Employees’ State Insurance Corporation (ESIC) is responsible for the administration of ESI Scheme.
• ESIC is a statutory corporate body set up under the ESI Act, 1948.