Employees will get insurance for free, will get lakhs of rupees

Atal Bimit Vyakti Yojana employees will be insured for free, will get lakhs of rupees, apply Atal Bimit Vyakti Kalyan Yojana is a profitable scheme. On the other hand, Employees’ State Insurance Corporation implemented this welfare measure. It is offering cash compensation to the insured when they are not employed. ESIC introduced this welfare measure in 2018. In other words, it has been implemented on a pilot basis for two years initially. You can apply ESIC Atal Bima Yojana (ABVKY) online.

Atal Bimit Vyakti Yojana

ESIC extended this scheme till 20 June 2022. ESIC Atal Bimit Vyakti Kalyan Yojana is a government welfare measure to provide ESIC benefits to the employees.

Under this scheme, Employees’ State Insurance provides cash compensation to the insured persons when they become unemployed. This scheme (Atal Bimit Vyakti Kalyan Yojana) acts as a big relief for the employees who recently lost their jobs in the covid crisis as the central government will give money under this ABVKY scheme for the next 24 months. Also, employees can download for ESIC Atal Bimit Vyakti Kalyan Yojana. (ABVKY) registration form from the official portal and continue the offline application process.

Atal Bimit Vyakti Kalyan Yojana Benefits:

  • This scheme (ABVKY) provides 50% relief on average per day to the Life Assured during the four contribution periods/730.
  • Provided to top up the unemployed insured person once in life.
  • This scheme (Atal Bimit Vyakti Kalyan Yojana) will be payable to unemployed beneficiaries for one month.
  • It is based on the initial contributory status.

eligibility criteria:

  • This scheme (Atal Bimit Vyakti Kalyan Yojana) can cover the employees under section 2(9) of the ESI Act 1948.
  • The insured should have been unemployed when the relief was claimed.
  • The insured must have been in insurable employment for two years.
  • The Life Assured must have contributed for the preceding four contribution periods.
  • Employers can contribute in his honor.

To administer the plan:

The insured person is employed under the ESI scheme (Atal Bimit Vyakti Kalyan Yojana). He will be considered unemployed. Under Section 65 of the ESI Act, the Life Assured shall not be entitled to any cash compensation and relief which are all together under ABVKY. Also, payment of Permanent Disability Benefit under ESI Act, as he is getting relief. Under Section 61 of the ESI Act, the insured who receives the receipt copy of relief under ABVKY will not be entitled.

Atal Bimit Vyakti Kalyan Yojana New Update

The benefits given under this scheme (Atal Bimit Vyakti Kalyan Yojana) have been extended till 30th June and under this scheme relaxation has been provided in terms and conditions for those people who have lost their jobs due to Corona period. Huh. Earlier unemployed people used to get 25 percent of the salary under this scheme (ABVKY), but now it has been reduced to 50 percent. Earlier, under this scheme, one had to apply within 90 days of leaving the job, which has now been reduced to 30 days. This exemption will be applicable from January 1, 2022, and will run till June 30, 2022. Keep in mind that if your job is lost due to some wrongdoing, personal reasons or any reason, then you will not be able to take advantage of this scheme. legal action.

Termination of Relief under ABVKY:

You must comply with the following termination conditions:

  • The competent authority has prohibited an illegal process.
  • On the other hand the workers went on strike.
  • Voluntary Sacrifice of Employment/Voluntary Retirement/Premature Retirement.
  • Contributory service not less than two years.
  • retirement age.
  • The police can arrest the culprits who give false statements under the provision of section 84.
  • Re-employed, they get the receipt copy of relief under ABVKY (Atal Bimit Vyakti Kalyan Yojana).

Atal Bimit Vyakti Kalyan Yojana Registration “Online Application”

Visit the official portal of ESIC. It takes the applicant to the home page of the website. On the home page, click on the Atal Bimit Vyakti Kalyan Yojana (ABVKY) link. After clicking on the link, it opens the application form in PDF format. You can download the form in the system, and the applicant (Atal Bimit Vyakti Kalyan Yojana) can start filling the form.

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