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| 2 minutes read

2 minutes read

Labor Ministry To Pay For 2 Years On Private Job Loss. Know Guidelines

| Published on November 26, 2019

All the people working in private firms must be aware of this very important information that the Employees’ State Insurance Corporation (ESIC), that works under the Ministry of Labour & Employment, has promised to pay to a person for 2 years in case they lose their job.

The payments will be transacted on the strong basis of a scheme called ‘Atal Bimit Vyakti Kalyan Yojana’ which was successfully activated from July 01, 2018. They process this activity in order to ensure the financial stability of such employees during times of crisis.

The statement has been made official on Twitter, as well.


A PIB was published in June in 2019 which claimed that if the Insured Person (IP) is unemployed, ESIC will offer the relaxation up to 25% of the average per day profit at the times of last 4 contribution periods will be provided for next 90 days of unemployment once in a lifetime when the IP submits claim in Affidavit manner.

Guidelines

The guidelines say that the Insured Person should have been rendered unemployed during the period the relief is claimed and that he/she should have been in insurable employment for a minimum period of two years.

The Insured Person should have also contributed not less than 78 days during each of the preceding four contribution periods. The contribution in respect of him should have been paid or payable by the employer.

Further, the contingency of unemployment should not have been as a result of any punishment for misconduct or superannuation or voluntary retirement.

The Bitter Truth

If an individual successfully satisfies all the guidelines, then they must link their Aadhaar Card Number with the IP Data Base. Then, a form has to be filled and submitted.

Even though the procedure sounds very easy, there are still people struggling to get their share even after fulfilling all the guidelines.

Policies are being made and aired in the outer world but the flaw in successfully processing them always remains constant. The gap between what’s claimed and what’s actually delivered has never stopped widening.
Source Link: Indiatimes

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