ESIC Relaxes Norms: Due to the Corona epidemic, not only financial markets have suffered, a large number of people have also lost their jobs. The shutdown due to lockdown has had a major impact on employment. In view of this, the Employees’ State Insurance Corporation (ESIC) has taken a big decision and changed the rules. According to this decision, on leaving the job, 50 percent of the average salary will be given to the employees for 3 months. Those who lose jobs will get it as unemployment allowance. Earlier this limit was 25 percent.
24 March to 31 December
According to the new rule of ESIC, this benefit will be given to the same employees whose job goes on 24 March, 31 December 2020. Let us know that the lockdown was announced across the country from 24 March itself. Even after unlocking, its effect is still being seen. It is believed that it may take up to December to return to work in industry. For this reason, the tenure of Atal Insured Persons Welfare Scheme has been extended till June 30, 2021. Unemployment allowance is available under this scheme. It is handled by the ESIC.
How much help
The insured can avail benefits under this scheme for a maximum of 90 days in his life. For this, 2 years of insured employment and a prescribed 78 days contribution is required. That is, it must be at least 78 days in the first contribution period of unemployment. The claim for relief under this scheme will be payable after three months of unemployment.
It could be availed after 90 days of being unemployed earlier. For the present, it has been reduced to 30 days. ESI board member V Radhakrishna says that about 3.5 million workers will benefit from it.
How will the amount be decided
How the amount is determined, understand from the chart.
Example: Suppose your job goes away on 1 April 2020. You have contributed from salary from September 2018 to March 2020.
Total number of days of the contribution period
October 2019 to March 2020 182 60,000 Rupees
April 2019 to September 2019 183 60,000 Rupees
October 2018 to March 2019 182 60,000 Rupees
April 2018 to September 2018 183 60,000 Rupees
Total Rs 730 2,40,000
Benefit according to 90 days: (240000/730) * 50/100 * 90 = Rs 14795
Who can’t take advantage
Even if a person is insured with ESIC, but due to some wrong behaviour, he was expelled from the company. If a criminal case is filed against a person. If you take voluntary retirement (VRS) then you will not get the benefit of this scheme.