Final notification of the Employees Deposit Linked Insurance (Amendment) Scheme, 2021 – MOLE
View PdfFinal notification of the Employees Deposit Linked Insurance (Amendment) Scheme, 2021 – MOLE
- This notification has come into effect from 28.04.2021except Para 2 of clause b of sub clause (iv) which was come into force from 15th Feb 2020.
- In the Employees’ Deposit-Linked Insurance Scheme, 1976 (hereinafter referred to as the said Scheme), in paragraph 22, in sub-paragraph (3);
- In the opening portion, for the words who was in employment of the same establishment, the words and was in employment shall be substituted;
- in clause (i), (i) For the words thirty times the words thirty-five times shall be substituted; (ii) The words or during the period of his membership, whichever is less shall be omitted; (iii) For the words ―one lakh and fifty thousand rupees, the words one lakh and seventy-five thousand Rupees shall be substituted; (iv) Before the second proviso, the following proviso shall be inserted and shall be deemed to have been inserted with effect from the 15th day of February, 2020, namely: Provided that the assurance benefit shall not be less than two lakh and fifty thousand rupees: (v) In the second proviso, for the words ―six lakh rupees, the words seven lakh rupees shall be substituted.
- In the said Scheme, in paragraph 28, in sub-paragraph (4), in clause (i), after the words Central Provident Fund Commissioner, the words and brackets or Additional Central Provident Commissioner (Head Quarters) or Additional Central Provident Fund Commissioner shall be inserted. In the said Scheme, in paragraph 29, in the long line, for the words ―four thousand rupees, the words twenty-five thousand rupees shall be substituted.
- The provisions of paragraph 2 of this Scheme relating to amendments made thereto in sub-paragraph (3) of paragraph 22 of the said Scheme shall be in force for a period of three years with effect from the date of publication this Scheme in the Official Gazette.
