193rd Meeting of ESIC held in New Delhi

Current Context: The 193rd Meeting of the Employees’ State Insurance Corporation (ESIC) was held in New Delhi on 10th February 2024 under the chairmanship of Union Minister Bhupender Yadav.

• Here are some key points from the meeting:
• The ESIC approved a proposal to provide Medical Benefit to insured superannuating workers who left the ESI Scheme due to exceeding the wage ceiling, if the worker was under insurable employment for at least 5 years before superannuation/voluntary retirement.
• Workers who superannuated/voluntarily retired on or after April 1, 2017, with wages up to Rs 30,000 per month, having worked for at least 5 years after April 1, 2012, will also be benefitted under the scheme.
• The ESIC adopted the Revised Estimates 2023-24, Budget Estimates 2024-25, and Performance Budget 2024-25.
• The ESIC decided to enhance the service delivery mechanism in North-Eastern states (including Sikkim) to achieve the vision of Act East Policy.
• The ESIC adopted the new Policy on AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy) 2023 in ESIC institutions to promote holistic well being of the ESI beneficiaries.

Question:

Q.1 What is the minimum period of insurable employment required for a superannuating worker to be eligible for Medical Benefit under the new ESIC proposal?
a. 3 years
b. 4 years
c. 5 years
d. 6 years