Once In Lifetime Cash Compensation Upto Ninety Days To ESIC Member During Period Of Unemployment - The Employees’ State Insurance Act, 1948
Under Section 19 of Employees' State Insurance Act, 1948 the Employees' State Insurance Corporation has introduced welfare measure for employees under Atal Bimit Vyakti Kalyan Yojana where Employee's in a factory or establishment as mentioned under Section 2(9) are allowed for cash compensation upto 90 days once in lifetime during period of unemployment, cash compensation can be claimed after three months in one or more time within period of unemployment subject to conditions., (1) Employee shall complete 2 Years of insurable amount and contributed not less that 78 days in each of four consecutive period of contribution before claim of relief, (2) The relief shall not be more than 25% of the average earning per day, (3) The uncertainty of unemployment shall not be result of any punishment for misconduct or superannuation or voluntary retirement, (4) The average earning per day shall be total amount of wages received in four consecutive contribution period divided by 730 days, (5) The identity shall be proved from ESIC data base having verified accordingly or with Aadhar Number, (6) The Insured person shall present claim in an affidavit through the form AB-1 and such form AB-1 shall be provided by Employee's last employer to Employee's allotted Branch Office, (7) The Scheme is effective from 01-07-2018 and payments shall be due for payments after three months. (8) The scheme is introduced on pilot basis for period of 2 years.
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