Atal Bimit Vyakti Kalyan Yojana by ESI Corporation (ESIC) for Insured Employees

Dated: September 20, 2018 | Updated On: October 4, 2018 | By: Karan Chhabra | | By | Beneficiary of Scheme: |
Atal Bimit Vyakti Kalyan Yojana

ESI Corporation (ESIC) has rolled out Atal Bimit Vyakti Kalyan Yojana for insured persons (IP) covered under the Employees State Insurance Act. 1948. Under this ABVKY Scheme, ESIC will provide relief amount to employees in cash directly into their bank accounts in case of unemployment. This financial assistance would be given to employees even while they search for new engagement. Complete instructions such as eligibility criteria, application form will be issued separately.

ESIC has launched this Atal Bimit Vyakti Kalyan Yojana keeping in mind the change in employment pattern. The current scenario of employment in India has been transformed from long employment to fixed short term engagement in the form of contract and temping. So, Employees must get assistance in case they get unemployed for sometime and search new job.

Now Employers will encourage Aadhar (UID) Seeding in ESIC database of their workers and their family members. Aadhaar Seeding is must to avoid de-duplication and in order to transfer assistance directly into the bank account of employees.

Atal Bimit Vyakti Kalyan Yojana by ESI Corporation (ESIC)

In 175th meeting of ESI Corporation which was held on 18 September 2018 in New Delhi under the chairmanship of Sh. Santosh Gangwar (Minister of state for Labour & Employment), ESIC has taken very important decisions to improve its services and benefits provided to insured persons and their dependents.

Now all the insured people covered under Employees State Insurance Act, 1948 can avail benefits of Atal Bimit Vyakti Kalyan Yojana (ABVKY). Now, ESIC will provide financial assistance to people in case the employees leave their jobs and are finding a new one. Relief amount would be credited directly into their bank accounts.

Aadhaar Seeding – ESI Corporation also approves the proposal for reimbursement of Rs. 10/- per person to employers. This would encourage and enhance Aadhaar Seeding of workers and their family members in ESIC database. It will restrict multiple registrations from same Insured people and thus will enable them to get scheme benefits which requires longer contributory conditions.

Increased Amount for Funeral Expenses of Insured Employees

ESI Corporation approves the proposal to enhance the funeral expenses to Rs. 15,000. Previously, all the insured employees were entitled to get Rs. 10,000 as funeral expenses. Now the funeral expenses has been raised from existing Rs. 10,000 to Rs. 15,000 being paid on the death of Insured Person.

Eligibility Conditions Relaxed to Avail Super Specialty Treatment

ESI Corporation has made relaxations in the eligibility conditions to avail Super Specialty Treatment as follows:-

  • Previously, insurable employment of 2 years was necessary to avail super specialty treatment. This have now been reduced to 6 months with contribution requirement of only 78 days.
  • Eligibility to avail Super Specialty Treatment for dependents of insured person has also been relaxed to 1 year of insurable employment with 156 days contribution.

The new modified provisions would help insured persons and their beneficiaries to get Super Specialty treatment absolutely free as per revised eligibility.

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