Dear All,
We are providing mediclaim facility to all the employees and their family members. However, I am unsure whether the liability under the Workmen's Compensation Act exists or not.
Ramakant
From India, Pune
Acknowledge(0)
Amend(0)
73We are providing mediclaim facility to all the employees and their family members. However, I am unsure whether the liability under the Workmen's Compensation Act exists or not.
Ramakant
From India, Pune
Acknowledge(0)Amend(0)
Dear Ramakanth,
A mediclaim policy is a personal insurance policy for healthcare for an individual and family members to cover medical expenses related to unexpected diseases.
An Employees' Compensation insurance policy is taken out by the employer to be indemnified against the liability of paying compensation to a certain class of employees in the event of employment accidents.
Therefore, the scope and purpose of these two types of insurance policies are entirely different. Merely funding mediclaim policies for your employees does not absolve you from the obligation to take out insurance under the Employees' Compensation Act, 1923. Failure to do so would result in bearing the full burden of compensation and medical expenses in the event of employment accidents involving any of your employees.
Additionally, while your mediclaim policy may cover medical expenses, it does not extend to compensation for disabilities resulting from such accidents.
From India, Salem
Acknowledge(0)Amend(0)
A mediclaim policy is a personal insurance policy for healthcare for an individual and family members to cover medical expenses related to unexpected diseases.
An Employees' Compensation insurance policy is taken out by the employer to be indemnified against the liability of paying compensation to a certain class of employees in the event of employment accidents.
Therefore, the scope and purpose of these two types of insurance policies are entirely different. Merely funding mediclaim policies for your employees does not absolve you from the obligation to take out insurance under the Employees' Compensation Act, 1923. Failure to do so would result in bearing the full burden of compensation and medical expenses in the event of employment accidents involving any of your employees.
Additionally, while your mediclaim policy may cover medical expenses, it does not extend to compensation for disabilities resulting from such accidents.
From India, Salem
Acknowledge(0)Amend(0)
Can any one let me know is there any basis of calculation. means an employee with 10k CTC what is the maximum amount he will get under Workmen Compensation.
From India, Bengaluru
Acknowledge(0)Amend(0)
From India, Bengaluru
Acknowledge(0)Amend(0)
It depend on salary at the time of employment injury (max 8000/pm) , % of loss of earning capacity and age.
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
You need to take a Group Personal Accident policy from an Insurance Company. GPA covers the accident as well as expenses. Every employer should enroll their employees under a Group Personal Accident policy. It is a very beneficial policy.
FYI
Regards
Dwarika P. Nautiyal
From India, New Delhi
Acknowledge(0)Amend(0)
FYI
Regards
Dwarika P. Nautiyal
From India, New Delhi
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Workmen Compensation Notification.pd f
Workmen Compensation Return.doc