The Employees' State Insurance Corporation (ESIC) on February 05, 2024, notified regarding the grant of increase to compensate for the erosion in the real value of PDB & DB due to inflation.
The following has been stated:
• The Permanent Disablement Benefit or Dependants' Benefit rate shall not be rounded off. However, the total amount payable on each docket shall be rounded off as per rules.
• As the revised rates of Permanent Disablement Benefit / Dependants' Benefit shall be operative from August 01, 2022, the revised daily rate shall be written both in figures and words prominently in red ink in the Permanent Disablement / Dependants' Benefit registers (ESIC-26/ESIC-40), and shall be duly attested by the Branch Office Manager under his dated signature.
• The Internal Audit Party will check per cent revised rates and the payments including arrears during regular audit of the Branch Office. The commutation cases will, however, require pre-audit as usual.
• It is also clarified that the quantum of enhancement in the rate of Permanent Disablement Benefit is to be allowed with reference to the date of commencement of the Permanent Disablement. As regards the Dependants' Benefit, the enhancement may be allowed with reference to the date of death of the Insured Person due to employment injury.
• The efforts should be made to pay DB/PDB at an enhanced rate including arrears to all the beneficiaries before February 28, 2024.
• Keeping in view the substantial amount due to arrears to be paid to such beneficiaries, the payment must be made through ECS in all cases by Branch Managers duly approved by (Fin & A/Cs Branch) of Regional/Sub-Regional Offices.
[Notification No. R-12/16/9/2022-Policy-BFT-II]
