Page 111 - Appreciating Organization's Biggest Assets

4. Workmen’s Compensation: work due to a work-related illness or
Under the Workmen’s accident are eligible for TDB.
Compensation Act of 1923, iv. Permanent Disablement
compensation payments have Benefit: Employees who have
also been made in addition to permanent residual disability as a
health and safety precautions. result of an occupational sickness or
The Act’s purpose is to cover the an accident at work are eligible for
eventualities of worker fatalities PDB benefits. PDB can grow at a
and incapacitations brought on by rate that is as high as TDB.
workplace accidents and diseases v. Maternity Benefits:
that are designated by the Act as Subject to contributing criteria,
the employer’s entire responsibility. the following situations qualify
According to the Act, the amount for maternity benefits for insured
of compensation is based on the women: (a) confinement;
type of injury and the employee’s (b) miscarriage or medically
monthly salary. When an employee termination pregnancy (MTP); and
passes away, their dependents are (c) illness resulting from pregnancy.
eligible for compensation.
6. Voluntary Arrangement:
5. Heath Benefits:
However, the majority of large
These benefits include: corporations have established
i. Sickness benefits: Sickness hospitals, clinics, dispensaries,
benefits are paid for 91 days across and homoeopathic dispensaries
two successive benefit periods and where they offer their employees
are equal to roughly 50% of the free health services above and
average daily salary. above what is required by law.
ii. Medical benefits: In cases Offering health maintenance
where the facility has been extended services, emergency care, on-the-job
to the families, the Employee’s State treatment for minor complaints,
Insurance Scheme offers full medical health counselling, medical
care that includes of hospitalisation, supervision in rehabilitation,
specialist consultations, medication accident and sickness prevention,
and injections, medical attendance, health education programmed,
and therapies. procedure in employee colonies,
etc. are just a few of the company’s
iii. Temporary Disablement elaborate health service programs.
benefits: Employees who are Families of employees as well as
certified as temporarily unable to retired employees as well as their

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